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46.2 million local internet users by end of August 2014

  /  November 19, 2014  /  Business  /  No Comments

7.2% growth in mobile internet users

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Latest

Cost of development behind stranded gas: Petroleum officials

  /  November 19, 2014  /  Business  /  No Comments

Around 36 concession agreements in which 153 wells to be drilled have been ratified

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Disney in Egypt important message to attract investors: Investment minister

  /  November 19, 2014  /  Business  /  No Comments

Presence of Disney World shows in Egypt is important message for investors that Egypt is safe and stable, says Salman

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Egypt’s economy grows by 1.1% in first quarter

  /  November 18, 2014  /  Business  /  No Comments

Figure 6.8% higher than same quarter last year

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Latest

Solar energy production falls by 48%: Baseera

  /  November 18, 2014  /  Business  /  1 Comment

Electricity from solar power totalled 247m KWh in 2012/13, compared to 479m KWh 2011/12

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Latest

Government to re-pump gas to EBIC

  /  November 18, 2014  /  Business  /  No Comments

EGAS pumps 60% of factories’ fuel needs after Sawiris donates EGP 2.5bn to Long Life Egypt fund

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Latest

3.8% growth rate expected by end of FY 2014/2015: Planning minister

  /  November 18, 2014  /  Business  /  1 Comment

First quarter growth of current fiscal year reached 1.1%

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Latest

Emirati company offers to manage investments in Egypt’s logistics project

  /  November 18, 2014  /  Business  /  No Comments

International consulting firm requests to participate in the project through establishing railway lines over 600km, supply minister says

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Latest

British Gas postpones project due to late payment of government dues: Egygas official

  /  November 18, 2014  /  Business  /  1 Comment

Extension of Borollos fields project delayed until early 2016, claims official

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Latest

Banks given chief responsibility for promoting economic summit projects: Investment minister

  /  November 17, 2014  /  Business  /  No Comments

Al-Sisi to promote political, economic, and legislative changes in year-end foreign tour

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Latest

Al-Sisi forms committee to address issues faced by tourism companies

  /  November 17, 2014  /  Business  /  No Comments

Decision follows meeting with international tourism delegates

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Latest

Arabtec Holding reports AED 6.96bn revenues in 9 months

  /  November 17, 2014  /  Business  /  1 Comment

Company seeks to end negotiations with Egyptian authorities to speed up the implementation of one million housing units project before year-ends

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Latest

NUCA issues 7 tenders for developmental projects

  /  November 17, 2014  /  Business  /  No Comments

Development projects will take place in Sadat, New Qena, and New Tayba

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Latest

ITDA offers lands on usufruct basis for commercial, investment projects

  /  November 17, 2014  /  Business  /  No Comments

Minister of supply says authority to establish commercial and shopping city near Suez Canal development with EGP 40bn in investments

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Latest

Elaf Group hopes to increase share of Egyptian Umrah travellers

  /  November 17, 2014  /  Business  /  No Comments

Egypt one of the largest Umrah markets with 945,000 pilgrims last year

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Gaz de France, British Gas to sign agreement to link West Borollos field to Delta processing station

  /  November 16, 2014  /  Business  /  1 Comment

The French energy group will add 100m cubic feet of production by 2018

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Latest

35 US companies met with Dar Al-Handasah to discuss Suez Canal Project

  /  November 16, 2014  /  Business  /  No Comments

Meeting included American firms from health, telecommunications, tourism sectors

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No new tourism licences to companies: Tourism minister

  /  November 16, 2014  /  Business  /  No Comments

300% increase in the number of Gulf tourists during the third quarter of 2014

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Latest

6th October Agriculture Company outlines land leasing

  /  November 16, 2014  /  Business  /  No Comments

Company has leased land to several agricultural companies for food production

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Latest

Total area of grain production fell to 1,300 acres for 2014/15 season

  /  November 16, 2014  /  Business  /  No Comments

One acre produces no more than 20 ardebs of wheat, says director of agriculture affairs

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Latest

6th October Co. for Agricultural Products has largest pest-free area certified by EU

  /  November 16, 2014  /  Business  /  No Comments

The area is expected to produce 30-40% of Egypt’s potato exports to the European Union, says Ahmed Maraay

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Latest

6 October Co. for Agricultural Products undertakes huge desert reclamation project

  /  November 16, 2014  /  Business  /  No Comments

Approval pending for construction of third irrigation line at a cost of EGP 120m

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Latest

25% of real estate tax revenues allocated for developing informal areas: Farag

  /  November 16, 2014  /  Business  /  No Comments

Only EGP 61m out of EGP 3.5bn real estate tax collected in FY so far, says finance ministry tax advisor

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Latest

Egypt, UAE MoU increases free zones cooperation: GAFI Chairman

  /  November 16, 2014  /  Business  /  1 Comment

Cooperation to include organising investment and free zones conferences and UAE-Egyptian economic meetings

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Latest

Egypt-Saudi Arabia electricity project tendered before month’s end: Saudi official

  /  November 16, 2014  /  Business  /  1 Comment

Technical specifications for projects required extra time, undersecretary of the Saudi Ministry of Electricity said

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Latest

Government decreases final settlement for Al-Futtaim to EGP 214m: Sarie-Eldin

  /  November 16, 2014  /  Business  /  No Comments

Settlement includes five-year extension for project execution and unconditional letters of guarantee for required amounts

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Latest

The Bank of 20XX

  /  November 15, 2014  /  Business, Opinion  /  No Comments

It started with the ATMs because they broke many banks’ assumption that their customers transacted all their bank business in their own branch.

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Latest

EGP 4bn real estate investments in Sheikh Zayed: City chairman

  /  November 15, 2014  /  Business  /  1 Comment

Sheikh Zayed hopes that business, entertainment, and sports services will reach the city soon, as real estate investments currently amount to EGP 4bn

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Latest

Farmers demand higher price on beetroot

  /  November 15, 2014  /  Business  /  1 Comment

Sugar cane factories will begin receiving sugar cane crops by the end of next month, and sugar beet crops by the end of January 2015.

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Latest

EGP 100,000 microfinance limit subject to 5% increase: EFSA chairman

  /  November 15, 2014  /  Business  /  No Comments

Microfinance law is most important economic legislation issued since January 2011, claims Sherif Samy

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