Government relies on international companies to realise El Nasr Automotive’s dream
Coordination between Public Enterprise, Industry Ministries to invite major companies to revive El Nasr Automotive Manufacturing Company
Mostafa Fahmy
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Latest by Mostafa Fahmy
Khaled Badawy, ‘minister of settlements’, dreams of assets exploitation
Since Khaled Badawy took office as minister of public sector affairs in January, he focused on debt settlement and exploitation of unutilised assets. Badawy worked on tackling four main portfolios in parallel. First, settling the debts of the sector’s companies, and second, restructuring financial and administrative subsidiaries. In addition, he worked on floating the ministry’s …
Sawiris resumes negotiations on contribution to Egypt Ventures
I intend to buy United Bank If CBE agrees, says Sawiris
Government allocates ُEGP 776.5m for new projects in Matrouh
Governorate contracting with engineering consulting office for EGP 2bn re-planning
70 Saudi investors to visit Cairo next week for investment opportunities
Egyptian-Saudi Business Council will resume meetings to follow up implementation of agreements signed by King Salman during visit to Cairo
English investment fund seeks to acquire Amoun Pharmaceutical for $600m
Canadian Valeant Pharmaceuticals International has sought exiting Amoun since 2011, sources say
EAC ratifies ‘three blocs’ agreement in Q1 2018
Bloc includes Tanzania, Kenya, Rwanda, and South Sudan, activation requires approval of 16 countries
Government agrees to establish continental road with 4 central African
Consultations on passage through northern Sudan or southern Libya to reach Chad
3 logistics centres to be established in Kenya, Djibouti, Tanzania: Elsewedy
Centres support exports to Africa, reduce shipping time from 3 months to few days
Trade, investment exchange with Africa has not achieved expected progress: Nasr
Nasr calls for Africa to invest in Egypt
Government sets max price energy recycling at 135 piasters
New prices officially approved within days, says Fahmy
Talaat Moustafa raise investments of Madinaty and Al Rehab to EGP 455bn
Project in New Administrative Capital to be ready in 3 months: Hisham Talaat Moustafa
GAFI launches investment map before the end of 2017: CEO
Egypt lives in the fourth generation of investment and focuses on integrated development projects, Zobaa said
Legislative reforms prepared Egypt for receiving foreign investment
Direct lines of communication with international institutions to attract private sector financing
PharmaPlast to establish new factories in Borg El-Arab in 2018
The company allocates EGP 40 mn pounds for the implementation of the first phase of the project
Egyptian Union for Investors Associations, CBE to discuss problems of companies that refused exchange rate difference initiative
The Union received requests from companies to speed up the settlement of their debts with banks, says Shaaban
Turkish Paşabahçe acquires Pearl Glass Group for $50m
The company plans to invest $100m in the domestic market in the coming period
Military Production Ministry receives $2bn in offers from China, Korea, EBRD to produce solar panels
German alliance prepares a feasibility study of the project within 3 months
Wages account for 55% of health financial allocations in next budget
The allocations include EGP 10.3bn for investments, EGP 4.1bn for subsidies, and EGP 40m for debt benefits
Al-Gabaly to establish health care investment fund for Africa
The fund will invest in projects in the sectors of pharmaceuticals, diagnosis centres, and hospitals
SCZone agreed with pharmaceutical companies on investing in Medical City
We started preparing a general plan of the city in cooperation with a Spanish development company which is scheduled to be completed in June, says Abdul Shafi
Amazon studies establishment of logistics centre in Egypt
Company will look into implementation procedures with the government within two weeks and meet top exporters, says Kesis
Government is aiming to create attractive climate: Nasr
Investment in Egypt is handcuffed, we demand real incentives for investors, says AbulEnein
IFC mission is to start evaluating investment procedures in March
The minister assigned leaders of the ministry to evaluate one-stop shop applied by GAFI
Sales of pharmaceutical companies increase by EGP 10bn, growing by 31%
Factories’ revenues amounted to EGP 5bn in November, despite calls for raising prices
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Pharmaceutical chamber presents new proposal to Ministry of Health
Liberalisation of medicine prices only an option once a comprehensive health insurance system is in place, says El-Leithy
Foreign pharmaceuticals reject proposed price hikes
Foreign pharmaceutical companies operating in the Egyptian market met in Dubai last week to discuss the proposals made by the Egyptian Minister of Health Ahmed Emad El-Din to tackle the pricing issue surrounding medication. Emad El-Din had suggested increasing the cost of medication sold in Egypt by 50% of the dollar price hike. He had …
Khorshid to present final draft of new investment law to cabinet
The ministries of investment and finance agree on exemptions and incentives, prime minister to settle the matter
$500m investments in government debt tools, EGX since pound flotation: Deputy Finance Minister
Launch of international bonds to be determined by end of this week; promotion to start in January, says Finance Minister
Crédit Agricole collects $150m from clients since pound flotation
The bank does not intend to reconsider its interest rates on investment vessels