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New law regulating National Authority for Tunnels expected: Chairman

  /  October 21, 2014  /  Business  /  No Comments

Legislation expected to allocate more transfer resources to the authority and allow it to form companies, says El Nagdy

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Agreement signed to begin phase 1 of Arabtec project before year’s end

  /  October 21, 2014  /  Business  /  No Comments

Subsidiaries formed by Arabtec to implement the project, says Ministry of Housing

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Ministry of Finance refuses to finance import of liquefied gas

  /  October 21, 2014  /  Business  /  No Comments

By Ahmed Tolba A meeting will be held in the coming days between officials from the ministries of Oil, Finance, and Electricity to agree on a solution to issues threatening the implementation of agreements to read the rest…

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Security guard companies demand judicial seizure and arming of security personnel

  /  October 21, 2014  /  Business  /  No Comments

Vice chairman of the Division of Security Services, said that Falcon Group’s crisis has caught the interest of all security guard companies and caused them to reconsider their future in the local market.

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Business community rejects independent trade unions

  /  October 21, 2014  /  Business  /  No Comments

Egyptian Federation for Independent Trade Unions member says business community should not decide for the workers on representation

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Communications ministry aims for broadband services for 90% of Internet users

  /  October 21, 2014  /  Business  /  No Comments

According to a ministry official, the Internet speed users will enjoy is expected to reach up to 25MB.

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Housing ministry’s services automated after 1 year: Minister

  /  October 21, 2014  /  Business  /  No Comments

Ministries of Housing and Planning sign two-year agreement to develop citizen and investor services

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Tourism ministry reduces participation costs for travel fair: Official

  /  October 21, 2014  /  Business  /  No Comments

Ministry has reduced the cost of participation in the Riyadh Travel Fair in April for hotels and companies by 50% to €1,150 to increase number of Gulf tourists

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Onera Systems installs solar panels to national grid

  /  October 21, 2014  /  Business  /  No Comments

Ministry announced feed-in tariff for new and renewable energy in September

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Egypt to present $1.5bn Cairo-6 October train plans at economic summit

  /  October 21, 2014  /  Business  /  No Comments

International company offers to implement the project

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New companies to be listed on stock market: EGX chairman

  /  October 21, 2014  /  Business  /  No Comments

Four companies have already listed in the market during 2014, with more to follow

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SODIC to invest up to $2.5bn in Egypt real estate

  /  October 20, 2014  /  Business  /  No Comments

Earlier this year SODIC agreed to pay EGP 900m to the Egyptian government over seven years after reevaluating the East town project in Cairo.

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Egypt begins transformation into global logistics centre for grain handling: Prime minister

  /  October 20, 2014  /  Business  /  No Comments

Mehleb says the project is as important as the Suez Canal expansion

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Businessmen voice optimism for uniform investment law

  /  October 20, 2014  /  Business  /  No Comments

Investment minister faces opposition to ‘one-stop shop’ system if put into effect

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Deutsche Bank investments in Egypt worth $35m: Investment minister

  /  October 20, 2014  /  Business  /  No Comments

Deutsche Bank follows Egyptian projects in areas of new and renewable energy, roads, and development of Suez Canal

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FEI rejects minister’s approval of independent union

  /  October 20, 2014  /  Business  /  No Comments

Industry Federation demands prime minister’s intervention over independent union for land transport workers

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52.5% growth in railway passengers in August: IDSC

  /  October 20, 2014  /  Business  /  No Comments

Number of railway passengers reached 15.4 million

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Steel companies lower their prices in attempt to attract sales

  /  October 20, 2014  /  Business  /  No Comments

Decision follows introduction of protective duties on imports as domestic steel industry struggles

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Egypt’s outlook upgraded to stable: Moody’s

  /  October 20, 2014  /  Business  /  No Comments

Government bond rating confirmed at Caa1, however

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Emirati company Al-Sweiden to invest over EGP 40bn in Egypt

  /  October 19, 2014  /  Business  /  No Comments

Emirati firm will construct commercial and shopping area over 4.2m square metres

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EGX requests financial disclosure from listed companies

  /  October 19, 2014  /  Business  /  No Comments

Stock market has witnessed series of significant losses during past week

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400% tourism growth from UAE, Saudi Arabia and Jordan over last 3 months: TAA official

  /  October 19, 2014  /  Business  /  No Comments

Promotional programmes conducted by Tourism Activation Authority led to significant increase, claims Shoukry

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Price rises to kill fertiliser black market: Agriculture Minister

  /  October 19, 2014  /  Business  /  No Comments

Farmers syndicate questions government’s ability to cut black market and says price rises burdens farmers

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Export Council to set up Egyptian products exhibition in Uganda

  /  October 19, 2014  /  Business  /  No Comments

100 Egyptian companies set to participate in March 2015 exhibition

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Exporting rice “harder” under new ministry guidelines: Vice Head of Rice Division

  /  October 19, 2014  /  Business  /  No Comments

Head of Citizens Against Price Rises Association expected that rice prices in the local market will significantly increase

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First phase of Arabtec housing project to start before year-end

  /  October 19, 2014  /  Business  /  No Comments

UAE company will provide New Urban Communities Authority with housing units and public services

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Government negotiates with Apache and British Gas to gas prices adjustments

  /  October 19, 2014  /  Business  /  No Comments

The Ministry of Petroleum is engaged in negotiations with British Gas, Apache, and other foreign companies to adjust gas prices for new projects linked with production in the near future. A senior official with the read the rest…

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Egypt launches Holy Family trip on Tuesday to increase tourist numbers: Tourism Chairman

  /  October 18, 2014  /  Business  /  No Comments

Egypt launches tourist programme following the Holy Family’s path this Tuesday amid efforts to raise tourism revenues to $10.5bn

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Tourism Ministry aims to raise Red Sea resorts occupancy for winter season

  /  October 18, 2014  /  Business  /  No Comments

Ministry hopes to raise occupancy to over 80% in hotels by intensifying marketing efforts

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Employment challenges in MENA linked to economic governance: World Bank

  /  October 18, 2014  /  Business  /  No Comments

Governments can help job creation by reforming policies protecting politically-connected companies, World Bank study says

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