Sico aims to manufacture TV screens, ATMs at its factory in Assiut
We aim to increase percentage of local components in our phones to 72%: Salem
October Pharma 2018 profits expected to decrease on Sigma deal: managing director
October Pharma (OP)’s profits are expected to decrease in 2018, due to purchasing medical products from Sigma Pharmaceuticals, Ahmed Zaghloul, managing director at OP, said. “To clarify, OP bought medical…
Bitcoin controversy continues as Grand Mufti bans the cryptocurrency
Bitcoin, the world’s largest cryptocurrency, was valued at around $13,833 on Tuesday, after losing about 28% of its value. The world’s most active cryptocurrency spiked above $19,000 in December for…
Industry Ministry completes procedures to offer 13 licensed industrial complexes
Minister of Trade and Industry Tarek Kabil said that his ministry is now finalising the procedures for offering 13 licensed industrial complexes under the Presidential Initiative for Youth Employment, a…
FRA approves securitisation bonds worth EGP 1.1bn
The Financial Regulatory Authority (FRA) approved the 7th issuance of securitisation bonds by the Egyptian Securitisation Company for the amount of about EGP 1.1bn. These bonds are considered one the…
Al-Sisi extends state of emergency for three months
President Abdel Fattah Al-Sisi extended the nation’s state of emergency, currently in effect, for three months, starting 13 January. The extension allows the army and police to take any measures…
Ministry of Antiquities reveals mysterious 2,600-year-old temple, statues
Remains of 2,600-year-old mudbrick walls and several artefacts that can be dated to different periods of the ancient Egyptian era, as well as four furnaces from the Late Period, were…
Urban Communities Authorities investments worth EGP 15bn during 6 months
Investments of the Urban Communities Authority amounted to EGP 15bn during the first half (H1) of the current fiscal year, distributed over housing and infrastructure projects. The investments approved by…
National Elections Commission to announce presidential race timeline next week
Press conference due next Monday
EBSC, Mineral Technologies resolve controversial articles over supply contract, to sign agreement this month
Amendments include holding arbitration of disputes in France, pilot phase for 2 months, payments in USD
