Month: August 2016

US dollar shortage restricts activities of credit leasing companies

Import companies have suspended operations amid difficulty opening letters of credit, says…

Hossam Mounir

International Cooperation Ministry aims to secure $15bn over 3 years, representing 50% of funding gap

Ministry has provided $3.8bn out of $5bn to finance 20 development projects…

Mohamed Ayyad

Natural Gas supply project will expand to reach 20 governorates: International Cooperation Minister

In 2014, the World Bank funded the original three-year project for the…

Adel M. Fakhry

Slight growth in mobile, internet subscribers with 700,000 new customers

34.3 million internet users in May, says Ministry of Communications

Daily News Egypt

EGX falls to 8,050 – 7,993 points giving buyers the opportunity for future profit

Technical analysts and executives at brokerage firms expect the Egyptian Exchange (EGX)…

Mohamed Ahmed

GB Auto business unlikely to be impacted by VAT: Ghabbour

Banks allocated just 5% of foreign exchange for company’s needs during Q2,…

Mohamed Ahmed

A.T. Lease plans to re-offer shares in EGX during Q4 of 2016

The company was granted a three-month period for its offerings, due to…

Mohamed Ahmed

State studies possible reconciliation with Mubarak-era industry minister

Rasheed is willing to return EGP 500m in exchange for the charges…

Daily News Egypt

Worker reportedly commits suicide in police station

Deceased was accused of killing a man, confessed to committing murder before…

Adham Youssef

Voting starts in Hadayek Al-Qubba to replace deceased MP

Elections are all about money, says candidate

Sarah Nazeer