In an interview with Daily News Egypt, CEO of Aramex Africa Samer Gharaibeh said that the company currently has a storage capacity of 106,000 square metres and hopes to add another 28,000 over the next two years.
Latest by Abdel Qader Ramadan
A recent CBE decision saw an increase in the benchmark overnight deposit rate by 1% to 9.25%, and the overnight lending rate to 10.25%.
Dispute also settled with New Urban Communities Authority (NUCA) over land for the project by paying EGP192m
The cabinet agreed to modify Bianco’s licence to allow the company to produce rebar and billet according to the energy available after paying fees for altering the licence as well as fees for violating the terms of their current licence.
The Ministry of Industry and Trade issued an EGP 200 fee on each ton of marble and granite blocks, in addition to an EGP 50 fee on each ton of any kind of sand, according to statement made by Minister of Industry and Trade Mounir Fakhry Abdel Nour Tuesday. The ministry has banned the export …
IDA is looking to categorise factories by energy consumption in order to approve industry projects that do not need large amounts of electricity
President forms committee of government and businessmen to determine work plan for “Long Live Egypt” Fund
The Industrial Development Authority (IDA) has begun settlement proceedings for a factory owned by Bianco Group of Integrated Industries, after the cabinet decided to approve “the issuance of new licences for the company, allowing it to increase its productive capacity for projects to produce steel billet, while maintaining the rights of the state” in its …
Exports continue to rise for the second consecutive month, after a series of dips during the first five months of 2014
Daily News Egypt interviewed Ayman Saber, the head of the Home Appliance Division of Samsung Egypt, who said his company is capturing market share with a combination of technological innovation and stylish design.
Project targets 5m acres of land over the coming 10 years to achieve greater growth rates, increase agricultural lands and create 1.6m jobs
Abdel Nour has re-allocated export subsidies following an EGP 500m decrease in FY2014/2015 general budget
Abdel Nour met with the companies to discuss repercussions of increase in energy prices on iron
Industrial Development Authority wants to end requests being sent to SCE for approval
EU ambassador to Egypt welcomes reduction of subsidies on petroleum products
European Union (EU) to provide € 1.5m for development in slum areas and other civil society projects implementation of projects for the development of informal areas
The Ministry of Planning has announced intentions to hold a conference for “donor countries” to Egypt before the end of the year and following the completion of parliamentary elections. Nihal Al-Megharbel, adviser to the Minister of Planning Ashraf El-Araby, made the remarks Monday on the sidelines of a conference to sign agreements for funding slum …
The tax on other alcoholic beverages, such as wine and spirits manufactured locally or imported from abroad, has been increased by 150%, with the minimum set at EGP 15 per litre.
The government had recently increased natural gas prices by $3 for the iron and steel industry, bringing the total price to $7 per million BTUs.
The federation said the government must enable industry to withstand the wave of extensive energy price increases that were recently approved by the government.
A financial statement from the new general budget for the fiscal year (FY) 2014/2015 states that diesel fuel makes up 44.8% of the total value subsidies on all petroleum products. It also noted that petrol accounts for 20.1%, butane 19.1%, and diesel fuel 16%, and kerosene 0.1%. No allocations have been made for gas. These …
An official source from a cement company who requested anonymity anticipated cement prices to increase in the coming days due to higher production costs.
Ministry of Finance had raised GDP target by EGP 400bn to EGP 2.4tn to keep deficit ratio at 10%
Chairman of the Industrial Development Authority hoped more funds would have been available for the completion of industrial areas
The Ministry of Industry made an early announcement for a new programme to support exports starting in early July.