12,000 SMEs facing problems in construction sector
Funding projects is the main obstacle they are facing, says Daker Abdellah
Read More →Obourland Cheese Company to launch 2 factories with EGP 100m investments
Egyptian market is very promising, and is biggest global white cheese market, says Tetra Pak MD
Read More →Agreement signed converting 2,000 cars to run on natural gas
210,000 cars running on natural gas, 180 supply stations and 74 conversion centres created between 2012 and 2014
Read More →Government provides housing ministry with new EGP 1bn
Mehleb discussed with Arab Organisation for Industrialisation developing 4.8 million street lighting units
Read More →2nd round Drift Championship 2014/2015 to launch in February
The championship, organised by STT Race Management will be held over six rounds, with the first round held last October and won by Karim Shalash, Hesham El-Khateeb, and Haitham Sameer.
Read More →Federation of Egyptian Industries submits proposal amending automotive sector taxation
By Ahmed Amer The Federation of Egyptian Industries (FEI) has submitted a proposal to the ministries of Industry and Finance to amend the tax and customs system in place for the automotive sector. The proposal read the rest…
Read More →FEDCOC initiates programme to promote Economic Summit
An integrated programme has been launched to promote Egypt’s March Economic Summit, according to the Federation of Egyptian Chambers of Commerce (FEDCOC) in a statement Monday. The programme was started by the FEDCOC during the read the rest…
Read More →Tuk-tuk prices increase in black market due to import suspension
Replacement of tuk-tuk by small 7-passenger vehicle following administrative court decision to suspend imports
Read More →Beltone Private Equity, Arabiyya Istithmaraat sign management contract
Period of the contact is five years
Read More →Beltone Capital to hold private stock issuance, construct $100m solar station
50 MW solar energy facility will be in cooperation with Total Egypt
Read More →Unemployment plan to provide training to over 1 million workers: Mehleb
Hope is to build accurate labour market database including unemployment rates and distribution according to age, qualification, and gender
Read More →$1 reaches EGP 7.47 on official selling market
CBE’s Monday dollar auction ended with $1 standing at EGP 7.43
Read More →Qatari Diar receives long-awaited approvals for tourism project
The company has two projects in Egypt
Read More →6th of October City, Sheikh Zayed witness price hikes
Current property prices for villas and apartments in Sheikh Zayed have increased to vary between EGP 4,000 to EGP 8,000 per metre. “The variation in prices occurs according to the location of the properties, whether read the rest…
Read More →Red Sea, South Sinai hotels stable on 25 January anniversary: Official
Occupancy rates in the Red Sea and South Sinai stabilised at approximately 55%, but decreased to less than 25% in Cairo
Read More →PepsiCo considers developing Pepsi league for students in Egypt: Ahmed El-Sheikh
Partnership between PepsiCo and Ministry of Education renewed for 5 years in programme for school students to enhance Egyptian players, says General Manager
Read More →1,000 Saudi businessmen, companies to participate in Economic Summit
SEBA director-general says government sent invitations to over 6,000 businessmen and 120 countries
Read More →Al-Sisi explains economic policies, aspirations in Davos
President invites world business leaders to participate in March Economic Summit
Read More →Dollar to reach EGP 8 by the end of June: Emirates NDB
Depreciation can happen at a faster pace, the bank says
Read More →2014 Revenues will exceed EGP5.5bn: Suez Cement-Italcementi CEO
Suez Cement-Italcementi Group’s revenues in 2014 will exceed EGP 5.5bn according to the Group’s CEO, Bruno Carre in an interview with Daily News Egypt. The figure marks an EGP 1.0bn or 20% progression over read the rest…
Read More →Majid Al Futtaim expected to complete Mall of Egypt construction in 2015
Mall is expected to be officially opened in 2016
Read More →Electrostar targets increase sale and profit up to 20%
Electrostar aims to open up new African markets, renew products, and provide new technology on Egyptian market
Read More →Philips to focus on new lighting technology in 2015: North East Africa CEO
Daily News Egypt sat with Tamer Abol Ghar, CEO of Philips North East Africa, to identify the company’s plans in 2015.
Read More →‘We need more clarity on the new tax laws on dividends and capital’: HC officials
Hussein Choucri, Chairman and Managing Director of HC Securities & Investment, Deputy CEO at HC Mohamed Metwally, Managing Director at HC Brokerage Hassan Choucri, Head of Investment Banking Mahmoud Selim and Head of Asset Management read the rest…
Read More →Travco tops tourism companies, attracting 700,000 arrivals in 2014: Company official
Travco hopes to maintain its lead in attracting tourists to Egypt for fifth consecutive year despite 4 years of crisis in the country
Read More →Petroleum, energy ministers will discuss energy issues with Business News
Business News Media and Conferences Foundation will hold the second annual energy conference entitled “Energy and Future of Investment in Egypt”, under the auspices of Sherif Ismail, Minister of Petroleum, and Mohamed Shaker, Minister of read the rest…
Read More →Egypt, Abu Dhabi sign agreement developing maritime transportation
Red Sea Port Authority and Abu Dhabi’s counterpart to form joint companies encouraging marine investments
Read More →Al-Sisi visits Switzerland to attend World Economic Forum
President set to deliver speech in special session on Thursday
Read More →Pound value depreciation continues, dollar reaches EGP 7.34
Dollar’s value increases to EGP 7.38 at NBE and Banque Misr
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