Latest Business News
Siemens to add 800 MW of electricity to national grid within 10 days
German company Siemens is set to add 800 MW of electricity to…
Ministry of Electricity presents memorandum to cabinet to increase allocations after pound flotation
The ministry requires more than EGP 65bn in subsidies, and kilowatt production…
Orange appeals verdict compelling it to pay EGP 49m compensation to TE
Orange Egypt announced that it appealed the verdict issued against it on…
15.7 % decrease in number of hotel guests in 2015
The total number of hotel guests reached 9.6 million in 2015, versus…
MFF aims to spend EGP 10bn from CBE’s initiative by end of June: Abdel Hameed
The volume of the initiative’s financing increased from EGP 154m in 2014…
Egypt’s construction sector is most prosperous in the MENA region: HSBC
The MENA construction sector is surprisingly diverse in terms of exposure, profitability,…
ITIDA offers local electronics manufacturing incentives to foreign and Egyptian investors
The Information Technology Industry Development Agency (ITIDA) organised workshops, attended by more…
Ministry of Investment prepares executive regulations for draft investment law
The draft law includes incentives and guarantees aimed at attracting more investments
DP World considers establishing dry port near Cairo, expanding investments in Egypt
Egypt’s exports to UAE increased by 224% in 2016
