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Business
TIEC incubates 8 emerging companies in field of smartphone applications
Winning companies obtain financial support worth EGP 120,000
Egypt’s foreign exchange reserves reach new high since March 2011, thanks to new dollar bonds
The foreign exchange reserves increased to $31.1bn at the end of May compared to $28.6bn in...
Banking
UBE offers integrated system for financing journalists, launches Tahya Misr investment certificates
Egyptian Agricultural Bank launches initiative to finance livestock wealth project
Government launches treasury bonds and bills for EGP 105.25bn in June
Beltone expects HDB’s net profit to exceed EGP 800m by year end
CBE’s decision to raise interest rate continues to stir controversy
Barclays Egypt’s loan portfolio increases by EGP 1.7bn in Q1 2017
Real Estate
EGP 90bn revenues of implementing “reconciliation on building violations” law
The average revenue of implementing the “reconciliation on building violations” law is estimated at EGP 90bn,...
Azarita tenants demand decent housing
Real estate prices may increase 80% by year end: Mena for Development Consultancy chairperson
2 June deadline to serve units allocated for Egyptian expats
Energy
Vortex acquires TerraForm’s 365 MW UK solar portfolio
The transaction makes Vortex one of the largest renewable energy-focused investment vehicles in Europe
Egypt to receive Iraqi oil next week
5 companies granted temporary licences to produce solar energy
Egypt obliged to pay $2bn in compensation to Israel for halting gas exports
Industry
Implementing “The Better Work” programme to start by June: Kabil
Two international forums will be held in November to gather buyers, producers, and exporters for the...
Trade delegation of entrepreneurs to UAE and Germany: Kabil
ALPLA Taba launches packaging factory with investment of EGP 500m
Kabil keen on organizing the industry of marble
Trade
Nasr signs MoU with ICD to finance infrastructure projects
Nasr signed a $10m financing agreement with the IDB to combat bird flu
MTI achieves 38% increase in revenues in Q1 2017
NOSCO targets business worth EGP 200m in 2017
DP World Sokhna to announce timetable for development of second basin in Ain Sokhna
Mercedes Benz launches three new models in Egyptian market
Mercedes Benz has launched the new generation of its compact cars in the Egyptian market, including the new generation of the GLA, CLA Coupe,...
Tourism
Egy Tourism alliance aims to establish EGP 2bn fund
Fund will be launched at the end of the current Umrah season
Supreme Council of Antiquities postpones increasing ticket prices of archaeological sites to November
Cairo hotel prices increased by 30% amid Arab tourist increase
Prices of food supplies to hotels increase by 40%
Technology
Lenovo to increase its market share to 14% by year end
We occupy the third position in the Egyptian market with a 7% share, says the company’s...
