Working together to reap the rewards of digital currency
As Egypt and the region embrace all forms of electronic payment methods, partnership between banks, regulators and payment technology companies will ensure trust and security in the system, says Tarek…
Market’s main index declines due to profit taking pressures
By Fathia El-Garhy Profit taking was the title of yesterday’s session. After seven consecutive sessions on the rise, the market’s main index encountered strong resistance at 5000 points area. The…
Chevrolet dominates automobile market
According to figures provided by the Automotive Marketing Information Council (AMIC), the Hyundai Elentra was the best performing new vehicle available in the Egyptian market, recording 4,800 units sold during…
New constitution set to be drafted by August
The new constitution may call for new presidential elections before the end of Morsy’s term
Samsung set to revolutionise the smart TV industry with new 2012 smart TV line-up
The future of Smart TV is here – Samsung Electronics Egypt, a market leader in consumer electronics, today launched the 2012 Samsung Smart TV lineup that is set to redefine…
EGP 10.8bn budget for railways, deficit reaches EGP 1.2bn
By Sherif Serag The government estimated that the total budget for the Egyptian Railway Authority (ERA) for the 2012-2013 fiscal year will be EGP 10.8bn and that the deficit will…
Egypt invests $200m to build sugar factory in Tanzania
By Salah Elmonoufy The Egyptian African Investment Company will sign an agreement within in days to build a large sugar factory in the Tanzanian capital, Dar el-Salam with investments amounting…
FJP: Developing Egypt’s transportation infrastructure is a priority
By Islam Atrees In an interview with Mohamed Sadiq, head of the Shura Council’s Transportation Committee and member of the Freedom and Justice Party (FJP), he stressed that there was…