Sawiris resumes negotiations on contribution to Egypt Ventures
I intend to buy United Bank If CBE agrees, says Sawiris
Mostafa Fahmy
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Latest by Mostafa Fahmy
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
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
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
Mahlab calls on French companies to invest in Egypt
Ibrahim Mahlab, the president’s assistant for national projects and former acting prime minister, called on French investors to invest in Egypt on Monday. Mahlab held a speech during a conference organised by the French-language newspaper Al-Ahram Hebdo, in which he said the government has taken a number of steps aimed at reforming Egypt’s business …
Flotation of the Egyptian pound is the first step in the right direction: El-Zorba
Galal El-Zorba, the former head of the Federation of Egyptian Industries, said that the decision to float the Egyptian pound is the first step towards real reform and attracting foreign investments. He told Daily News Egypt that reducing the currency value will reflect positively on the main sources of hard cash, exports, tourism, and remittances, …
Government about to pass new investment law based on investors’ demands
Ministry of Investment to resolve Law no. 17 by end of the month
GAFI adopts new strategy to bring government, investors together: Mohamed Khodeir
Amendments on unified investment law, or an entire new legislation due in six months
Raising prices failed to secure medicine, shortage will continue due to US dollar scarcity: Head of the Pharmaceutical Industry Chamber
Sales expected to grow by 15% and reach EGP 40bn this year; pharmaceutical companies require $2bn a year