German business confidence battered
Confidence among German business leaders has slipped markedly, the latest monthly index…
Domestic tourism saved Sharm El-Sheikh’s hotels from closure, increased occupancy to 75%: Aurora Hospitality Management regional manager
The company runs 4 hotels in Sharm El-Sheikh and Marsa Alam, and…
Markets tepid as Jackson Hole meeting looms
Ahead of an annual meeting of bankers in Jackson Hole, Wyoming, markets…
5.2% growth in GDP of telecommunications sector during first quarter of 2016
EGP 13.8bn total investments in the sector over three months
UNDP, Egyptian government outline 15-year development strategy
Representatives from the UNDP and Egyptian government discussed the national plan for…
CBE provides 10-year interest-free loan worth EGP 31bn to 3 major banks
The loan is for supporting banks’ capital base and for adjusting the…
GOEIC rejects 116 imported food and industry containers for non-conformity
GOEIC is examining 14,720 imported food and industry containers
Booz Allen Hamilton designing solutions to region’s security threats
MENA region is at heightened risk of cybersecurity attacks which threaten infrastructure,…
Fitch Ratings upgrades DP World during ongoing expansion of operations
The credit rating agency affirmed DP World Sokhna’s credit rating and fiscal…
Finance Ministry denies claims that VAT will affect prices of petroleum products
VAT exempted goods will include all essential goods and services, says Ministry…
