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Desalination and the solar solution

  /  January 26, 2015  /  Opinion  /  No Comments

By Ahmed S. Nada Nobel Laureate in Chemistry, the late Richard Smalley, once ranked the “top 10 problems of humanity for the next 50 years”. Interestingly, energy and water came in first and second on 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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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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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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Supporting SMEs tops Microsoft’s priorities for 2015: GM

  /  January 23, 2015  /  interviews  /  No Comments

Education and health sectors, and automating the courts are the most prominent investment opportunities in the Egyptian market, says Abdel Kader

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Egypt promising market for Tetra Pak: Andres Lindgren, managing director

  /  January 23, 2015  /  interviews  /  No Comments

“Tetra Pak expects that 80% of milk consumed by 2020 will be packed”

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Customs reduction for European cars forces used auto market into recession

  /  January 19, 2015  /  Business  /  No Comments

The decision led to the postponement of many purchasing decisions until the new prices are implemented.

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Bank Audi aims to increase SMEs’ funding portfolio to EGP 400m by end 2015

  /  January 17, 2015  /  Business  /  No Comments

Individual funding portfolio in Audi Bank in Egypt has reached EGP 2.4bn at the end of December 2014. General Manager of Audi Bank Egypt Mohamed Abbas Fayed said that the volume of small and medium read the rest…

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EGP 1.7bn cash repayments for goods, bread supply systems: Finance minister

  /  January 17, 2015  /  Business  /  No Comments

EGP 341m to supply gas to homes, EGP 371m for Radio and Television Union, drinking water, textiles

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NBE, CIB remain key players in treasury bills and bonds markets

  /  January 17, 2015  /  Business  /  No Comments

Bank Misr, Crédit Agricole, Banque Misr also among market leaders for treasury bills and bonds

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Egypt reforms to gain confidence of international business community: PM

  /  January 13, 2015  /  Business  /  No Comments

Egyptian delegation to visit Britain in June to follow-up on investment coordination between two countries, says El-Yazal

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Ambassador reassures British companies’ commitment to Egypt

  /  January 13, 2015  /  Business  /  No Comments

The minister discussed the Economic Summit, which will take place in March, stating that the main rationale behind the government efforts is to increase domestic and foreign investments.

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Qatari Diar invests in Egypt with 2 major tourist projects

  /  January 11, 2015  /  Business  /  No Comments

Qatari Diar is considered one of the foremost real estate Gulf investors in Egypt

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Emirates NBD aims to pump EGP 3bn in national projects in 2015

  /  January 10, 2015  /  Business  /  No Comments

Emirates NBD Egypt has its sights set to pump around EGP 2-3bn in financing national projects that the government intends to issue in 2015. Board member Sohier Al-Damaty said that the bank’s loans and credit read the rest…

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The government banking sector is full of talent: Al Baraka Bank Egypt Financial Adviser

  /  January 10, 2015  /  interviews  /  No Comments

Some government banking talent has migrated to private banks, hoping to gain higher wages than the maximum EGP 42,000 imposed by the government

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Al-Sisi launches Kuwaiti-Egyptian Relations Council

  /  January 6, 2015  /  Business  /  1 Comment

President pledges to solve Kuwaiti investors’ issues, reform legislations

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Important economic decisions in 2014/2015 economic plan

  /  January 3, 2015  /  Business  /  No Comments

Government decisions not enough, Egypt needs to treat economic crisis by developing comprehensive economic plan, economic analyst

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Can Al-Sisi boost the economy with national projects?

  /  January 3, 2015  /  Business  /  1 Comment

The Egyptian regime has, on an irregular basis, relied on major national projects which contribute to boosting the economy and the economic development and raise operation rates. Although some projects failed, the Egyptian dream is read the rest…

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Cairo’s small business owners hope for stability, skilled workforce and clear-out of bureaucracy in 2015

and   /  January 3, 2015  /  Egypt, Politics  /  No Comments

Mixed year for efforts of city’s start-ups, but optimism about coming year rides high

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2014 in review: Ministerial report

  /  December 27, 2014  /  Business  /  No Comments

Ministry of Industry and Foreign Trade release report summarising 2014 events and showing ministry’s expectations for 2015

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2014 best economic year since January 2011: Cairo Centre for Economic and Strategic Studies

  /  December 24, 2014  /  Business  /  No Comments

Following Morsi’s ouster on 30 June, government adopted austerity-style policies, Centre Head says

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3 Egyptian conditions for developmental projects to be implemented by China

  /  December 23, 2014  /  Business  /  No Comments

Real figures for China’s imports to Egypt not less than $22bn

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Al-Sisi invites Chinese inventors to March Economic Summit

  /  December 23, 2014  /  Business  /  1 Comment

Al-Sisi said the Egyptian economy was in a “very difficult position” 16 month ago, with inflation reaching its highest rates, international agencies lowering the country’s credit ratings, and the fleeing of foreign investments.

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Over half a million Egyptians offered work contracts abroad: Manpower Ministry

  /  December 21, 2014  /  Business  /  1 Comment

Ministry of Manpower offered approximately 150,000 job opportunities between March and December

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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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