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12,000 SMEs facing problems in construction sector

  /  January 27, 2015  /  Business  /  No Comments

Funding projects is the main obstacle they are facing, says Daker Abdellah

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Obourland Cheese Company to launch 2 factories with EGP 100m investments

  /  January 27, 2015  /  Business  /  No Comments

Egyptian market is very promising, and is biggest global white cheese market, says Tetra Pak MD

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Agreement signed converting 2,000 cars to run on natural gas

  /  January 27, 2015  /  Business  /  No Comments

210,000 cars running on natural gas, 180 supply stations and 74 conversion centres created between 2012 and 2014

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Government provides housing ministry with new EGP 1bn

  /  January 27, 2015  /  Business  /  No Comments

Mehleb discussed with Arab Organisation for Industrialisation developing 4.8 million street lighting units

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2nd round Drift Championship 2014/2015 to launch in February

  /  January 26, 2015  /  Business  /  No Comments

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.

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Federation of Egyptian Industries submits proposal amending automotive sector taxation

  /  January 26, 2015  /  Business  /  No Comments

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…

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FEDCOC initiates programme to promote Economic Summit

  /  January 26, 2015  /  Business  /  No Comments

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…

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Tuk-tuk prices increase in black market due to import suspension

  /  January 26, 2015  /  Business  /  No Comments

Replacement of tuk-tuk by small 7-passenger vehicle following administrative court decision to suspend imports

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Fires strike trains on 4th anniversary of 25 January Revolution: Railway Authority

  /  January 26, 2015  /  Business  /  No Comments

Tanta-Cairo line suspended indefinitely due to 3 vehicles being set alight

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Beltone Private Equity, Arabiyya Istithmaraat sign management contract

  /  January 26, 2015  /  Business  /  No Comments

Period of the contact is five years

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Beltone Capital to hold private stock issuance, construct $100m solar station

  /  January 26, 2015  /  Business  /  No Comments

50 MW solar energy facility will be in cooperation with Total Egypt

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Unemployment plan to provide training to over 1 million workers: Mehleb

  /  January 26, 2015  /  Business  /  No Comments

Hope is to build accurate labour market database including unemployment rates and distribution according to age, qualification, and gender

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$1 reaches EGP 7.47 on official selling market

  /  January 26, 2015  /  Business  /  No Comments

CBE’s Monday dollar auction ended with $1 standing at EGP 7.43

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Qatari Diar receives long-awaited approvals for tourism project

  /  January 25, 2015  /  Business  /  No Comments

The company has two projects in Egypt

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6th of October City, Sheikh Zayed witness price hikes

  /  January 25, 2015  /  Business  /  No Comments

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…

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Red Sea, South Sinai hotels stable on 25 January anniversary: Official

  /  January 25, 2015  /  Business  /  1 Comment

Occupancy rates in the Red Sea and South Sinai stabilised at approximately 55%, but decreased to less than 25% in Cairo

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PepsiCo considers developing Pepsi league for students in Egypt: Ahmed El-Sheikh

  /  January 25, 2015  /  Business  /  No Comments

Partnership between PepsiCo and Ministry of Education renewed for 5 years in programme for school students to enhance Egyptian players, says General Manager

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1,000 Saudi businessmen, companies to participate in Economic Summit

  /  January 25, 2015  /  Business  /  No Comments

SEBA director-general says government sent invitations to over 6,000 businessmen and 120 countries

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Al-Sisi explains economic policies, aspirations in Davos

  /  January 24, 2015  /  Business  /  No Comments

President invites world business leaders to participate in March Economic Summit

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Dollar to reach EGP 8 by the end of June: Emirates NDB

  /  January 24, 2015  /  Business  /  1 Comment

Depreciation can happen at a faster pace, the bank says

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2014 Revenues will exceed EGP5.5bn: Suez Cement-Italcementi CEO

  /  January 23, 2015  /  Business  /  No Comments

  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…

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Majid Al Futtaim expected to complete Mall of Egypt construction in 2015

  /  January 23, 2015  /  Business  /  No Comments

Mall is expected to be officially opened in 2016

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Electrostar targets increase sale and profit up to 20%

  /  January 23, 2015  /  Business  /  No Comments

Electrostar aims to open up new African markets, renew products, and provide new technology on Egyptian market

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Philips to focus on new lighting technology in 2015: North East Africa CEO

  /  January 23, 2015  /  Business, interviews  /  No Comments

Daily News Egypt sat with Tamer Abol Ghar, CEO of Philips North East Africa, to identify the company’s plans in 2015.

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‘We need more clarity on the new tax laws on dividends and capital’: HC officials

  /  January 22, 2015  /  Business  /  No Comments

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…

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Travco tops tourism companies, attracting 700,000 arrivals in 2014: Company official

  /  January 21, 2015  /  Business  /  No Comments

Travco hopes to maintain its lead in attracting tourists to Egypt for fifth consecutive year despite 4 years of crisis in the country

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Petroleum, energy ministers will discuss energy issues with Business News

  /  January 21, 2015  /  Business  /  No Comments

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…

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Egypt, Abu Dhabi sign agreement developing maritime transportation

  /  January 21, 2015  /  Business  /  No Comments

Red Sea Port Authority and Abu Dhabi’s counterpart to form joint companies encouraging marine investments

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Al-Sisi visits Switzerland to attend World Economic Forum

  /  January 21, 2015  /  Business  /  No Comments

President set to deliver speech in special session on Thursday

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Pound value depreciation continues, dollar reaches EGP 7.34

  /  January 21, 2015  /  Business  /  No Comments

Dollar’s value increases to EGP 7.38 at NBE and Banque Misr

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