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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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Intel cooperating with education ministry, Banque Misr to provide computers for schools

  /  October 15, 2014  /  interviews  /  No Comments

Education technology is top company priority in Egypt, says Intel’s Egypt executive Al-Fatih

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Reopening stalled factories via ‘Google maps’

  /  October 1, 2014  /  Technology  /  No Comments

A total of 4,500 factories to resume operations in Egypt, says economic expert

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Edita Food Industries to go for new IPO: Actis partner

  /  September 29, 2014  /  Business  /  No Comments

Mark Richards could not provide details on the value and the timing of the IPO

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Fawry announces launch of traffic fine payment service

  /  September 24, 2014  /  Technology  /  No Comments

Egypt’s EBPP leader provides convenience and efficiency to vehicle owners

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MIGA offer $1bn new guarantees for cross-border investments in MENA region

  /  September 22, 2014  /  interviews  /  No Comments

We are ready to attract investors in power, infrastructure, transport, and agribusiness sectors, says CEO

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Electricity ministry sets new energy feed-in tariffs

  /  September 20, 2014  /  Business  /  No Comments

Ministry of Electricity announces prices for electricity generated from solar and wind energies in the framework of combating the energy deficit in the coming months

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Egypt begins collecting property tax for 1.5m residential and non-residential units: Finance minister

  /  September 20, 2014  /  Business  /  No Comments

Government steps up actions to implement tax reforms amid efforts to increase resources and reduce budget deficit

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Egypt in the eyes of international rating agencies

  /  September 20, 2014  /  Business  /  No Comments

Fitch In January, Fitch Rating Agency restored Egypt’s outlook to stable for the first time since it was downgraded to negative nearly three years ago. This reflects an improvement in an economy hammered by years read the rest…

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National Bank of Egypt hopes to open 200 new branches within 3 years

  /  September 19, 2014  /  Business  /  No Comments

EGP 150m total savings for bank clients with platinum certificates

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No high growth rate without major role private sector: Investment Minister Ashraf Salman

  /  September 18, 2014  /  Business  /  No Comments

Arrears to be paid to oil companies and feed-in tariffs to be introduced for new energy that will achieve huge investments in 2014-2015

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“There is no bond market in Egypt, and any talk of it is ‘pure fantasy.’”

  /  September 17, 2014  /  Business  /  No Comments

Helal added that increasing the variety of investment packages could attract 50 times more investors than are currently contributing to the project, in addition to creating a broader class of financially literate investors.

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Euromoney Conference: North coast land to be offered in February’s Economic Summit: Minister of Tourism

and   /  September 17, 2014  /  Business  /  No Comments

Government targets EGP 19bn investments with 28msquare metres of land, says an official source at the Ministry of Tourism

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Euromoney Conference: Dorra considers investing in Suez Canal Axis project

  /  September 17, 2014  /  Business  /  No Comments

Dorra plans to open the first phase of Capital Business Park—administrative, commercial and medical project—in Sheikh Zayed City during the first quarter of 2015.

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Ministry of Tourism seeking to diversify sector’s activities in near future to increase plunging tourist numbers

  /  September 16, 2014  /  Business  /  No Comments

The Minister of Tourism talks with Al-Borsa about the current state of tourism in Egypt

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More private sector influence good for economy: Al-Suwaidi

  /  September 16, 2014  /  Business  /  No Comments

The Egyptian economy is currently facing many challenges in light of the growing budget deficit, the energy crisis, and the decline in domestic and foreign investments

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No fear for role army in Egyptian economy: Hossam Farid

  /  September 16, 2014  /  Business  /  No Comments

A lack of funding and the absence of legislation have been long-standing problems that continue to hinder the private sector

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Euromoney Conference: Siemens addresses the energy challenges of Egypt

  /  September 16, 2014  /  Business  /  No Comments

Siemens, the global powerhouse in electronics and electrical engineering operating in the energy, infrastructure, industry and healthcare, demonstrated today the importance of dialogue between the public and private sectors in Egypt through its participation in read the rest…

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Euromoney Conference: Egypt’s economic summit under the microscope

  /  September 16, 2014  /  Business  /  No Comments

The business and financial community awaits the Egyptian government’s economic plans to be revealed during the Sharm El-Sheikh summit to be held at the end of 2014 or early 2015. The plans are expected to read the rest…

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Euromoney Conference: Online advertising project for tourism services begun

  /  September 16, 2014  /  Business  /  No Comments

Tourism Ministry begins using online advertising to attract tourists and target new segments of consumers

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Egypt must apply economic lessons from Asia to the Suez Canal project

  /  September 16, 2014  /  Business  /  No Comments

The Egyptian cabinet is currently considering a range of amendments to trade regulation legislationin an attempt to attract both Arab and foreign investment

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Ministry of Communications and Information Technology is developing new initiatives to improve services and quality of life

  /  September 16, 2014  /  Business  /  No Comments

The Ministry of Communications aims to implement unconventional solutions to prompt growth for the telecommunications and information technology sector through adding services within projects in partnership with the private sector. The ministry will use the opportunity represented by the consolidated license to restructure telecommunications, achieve a balance between companies, and expand competition for the benefit of the consumer.

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Minister of Planning looks ahead to Egypt’s Economic Summit in February 2015

  /  September 16, 2014  /  Business  /  No Comments

The government will announce a clear strategy for 2030 in Egypt’s upcoming Economic Summit next February

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Novartis grows by 15%: CPO Head and Country President

  /  September 14, 2014  /  interviews  /  No Comments

The Daily News Egypt interviewed Novartis’ CPO Head and Country President Basyouni Abouseif and chief scientific officer at the company, Sameh Rakha, to discuss the company’s progress in Egypt, and the introduction of breakthrough medications read the rest…

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German government to sell stake in energy giant RWE to Russian billionaire

  /  September 9, 2014  /  Business  /  No Comments

Winner of the RWE bid is the second richest man in Russia

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Cabinet agrees to activate local Product Law

  /  September 9, 2014  /  Business  /  No Comments

The law is working to deepen industry, Al-Sewedy says

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Investment in Egypt requires stimuli: GAFI chairman

  /  September 8, 2014  /  Business  /  No Comments

Gafi Chairman Hassan Fahmy asks for bankruptcy law, High Investment Council, and activation of “one-stop shop” to cut down bureaucracy

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Suez Canal certificates on sale for second day

  /  September 6, 2014  /  Business  /  No Comments

The CBE has so far issued 7m investment certificates out of the planned 60m, said Ramez, adding that the bank is still discussing the date of issuing dollar-dominated certificates.

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SFD plans to allocate EGP 2bn to fund projects by year-end: Secretary General

  /  September 2, 2014  /  interviews  /  No Comments

By Ayat Al-Batawi In December 2013, the board of directors of the Social Fund for Development (SFD) approved a budget of EGP 3bn for 2014 to finance development programmes of small enterprises and labour-intensive projects. read the rest…

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Government to settle 22 disputes with investors

  /  September 2, 2014  /  Business  /  No Comments

The committee has also drafted solutions for another dispute between the Tax Authority and one steel firm over tax collection as well, according to Mahfouz.

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