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Cement companies look to control market prices in face of production decline: Sector Source

  /  December 20, 2014  /  Business  /  No Comments

Establishment of higher council for building materials sought and introduction of new licence to control irregularly priced items

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38% increase in sales in 2014: Tokio Marine Family Takaful MD

  /  December 17, 2014  /  interviews  /  No Comments

The main obstacle facing the insurance market is for people to be truly convinced to engage in insurance services, says Masaya Inagaki

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EU supports Egypt with EGP 80m in tourism investments

  /  December 17, 2014  /  Business  /  1 Comment

EU is source of over 50% of foreign direct investment, constituting over 40% of total European direct investment per Mediterranean countries

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Oriental Weavers to invest EGP 90m in 2015

  /  December 17, 2014  /  Business  /  No Comments

Company outperforms with new automated warehouse and 3 more production lines

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DP World plans to acquire 10% of goods traded globally

  /  December 13, 2014  /  Business  /  2 Comments

Discussions are underway to expand operations at Ain Sokhna Port

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CBE expected to allow further devaluation of Egyptian pound: HSBC

  /  December 13, 2014  /  Business  /  No Comments

Investors remain concerned over companies’ vulnerability to governmental decisions

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Marble and granite shine in international building trade fair in Cairo

  /  December 12, 2014  /  Business  /  1 Comment

Egypt is the tenth largest natural stone quarry producer in the world and the second largest exporter of marble blocks

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BP will invest $12bn in Egypt over 5 years

  /  December 10, 2014  /  Business  /  No Comments

BP is one of the largest investors in the Egyptian energy sector

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Saudi company acquires controlling stake in professional network Jobzella

  /  December 3, 2014  /  Technology  /  1 Comment

We are taking advantage of a new round of investment by expanding to the Gulf, says Batrawi

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Gas exploration bid to be offered early 2015 in 11 areas

  /  December 2, 2014  /  Business  /  1 Comment

Three areas in the Delta and eight in the Mediterranean Sea will be offered by EGAS for exploration and research

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Continuing decline in Brent prices positively impacts Egyptian economy

  /  December 1, 2014  /  Business  /  1 Comment

“We will not increase fuel imports because the financial resources are not available,” says EGPC chairman El Molla

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First economic stimulus package projects to end in Q1 2015: Planning minister

  /  December 1, 2014  /  Business  /  No Comments

Many projects in the housing sector, part of the economic stimulus package, will be concluded within two months

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Regulations for real estate tax law amendments forwarded to State Council

  /  November 30, 2014  /  Business  /  2 Comments

Coordination with the ministries of petroleum, tourism, aviation, transport, and investment to standardise evaluation of real estate assets

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Opportunities, challenges for investment in Egypt’s renewable energy sector

  /  November 26, 2014  /  Business  /  1 Comment

‘Invest in Egypt 2014’ conference kicks off in Abu Dhabi, amid speculation on the country’s potential for green energy

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Upgrading Egypt’s economic outlook stimulus for investments, growth rate

  /  November 26, 2014  /  Business  /  2 Comments

Since the 25 January Revolution, Egypt’s economic outlook was downgraded several times by international credit rating agencies. The downgrades came about due to violence and political instability, which took a massive toll on investments and read the rest…

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General picture of the Egyptian economy mixed during IMF visit

  /  November 25, 2014  /  Business  /  No Comments

Lagarde added that the conflicts in the Middle East and North Africa will have serious economic implications not just for the region, but the entire world.

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Special authority to facilitate Suez Canal investment to be set up: Sarie-Eldin

  /  November 25, 2014  /  interviews  /  1 Comment

Investment law for canal region to be completed within a month, and committee including ministries of investment, justice, transport, and trade to be formed

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Government hopes to pay full debts owed to foreign partners over coming 6 months

  /  November 25, 2014  /  Business  /  No Comments

Debts owed to foreign companies have plagued all governments since 2008

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Emirati, Saudi parties largest investers in Egypt: Investment minister

  /  November 25, 2014  /  interviews  /  No Comments

Government will resolve the majority of disputes with investors before economic summit in March, says Ashraf Salman

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New phases of Hyde Park and Chill Out Park in the range of EGP 9bn: CEO Dar Mimar Group

  /  November 25, 2014  /  interviews  /  No Comments

Daily News Egypt sat d own with Ayman Ismail, the CEOof Construction and Engineering Company Dar Mimar Group (DMG), to talk about DMG’s performance in the Egyptian market and its future real estate plans What are the read the rest…

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Infrastructure key component in Egypt’s economic drive: Nassef Sawiris

  /  November 25, 2014  /  interviews  /  No Comments

Nassef Sawiris, business tycoon and CEO of  OCI N.V elaborates in an interview with Daily News Egypt on the company’s investment plans in Egypt, and how the company can contribute to overcome the challenges in read the rest…

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Agricultural land allocation law to be ratified within two weeks: Industry minister

  /  November 25, 2014  /  Business  /  No Comments

Allocation controls will involve respect for prices and payment terms, says Abdel Nour

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Extensive amendments to trade law necessary: Industry minister

  /  November 25, 2014  /  Business  /  No Comments

Ministry is focusing on market exits and bankruptcy, says Abdel Nour

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Dana Gas signs agreement with petroleum ministry to increase gas production

  /  November 25, 2014  /  interviews  /  No Comments

$270m in investments over seven years to increase production, company will be repaid all dues by 2018

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First draw of its kind to allocate lands for housing associations: GACHC

  /  November 25, 2014  /  Business  /  No Comments

Cooperative housing units have access to a cooperative loan of EGP 50,000 for every unit with a 5% interest rate over 20 years

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Government anticipates higher growth rates

  /  November 25, 2014  /  Business  /  No Comments

Builders of Egypt Forum kicks off, minister of planning foresees boom in construction industry

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Total value of Egyptian imports, exports falls in first half of 2014: EITP

  /  November 23, 2014  /  Business  /  No Comments

Yet the value of imports and exports to the EU rises, reports Egyptian International Trade Point

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Petroleum ministry to open bids for shale gas exploration in 4 areas in Western Desert

  /  November 22, 2014  /  Business  /  1 Comment

Agreement with foreign partners to increase duration of projects to more than 20 years, says EGAS official

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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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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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