Latest Business News
Qalaa Holdings divests from MGM and UGC for EGP 828m
The company has sold its shares in several companies including Sudanese Egyptian…
Calls to Housing Ministry to allocate part of new capital for housing
Abdallah expects no less than EGP 20bn in revenues from selling those…
New Aswan City to see construction under much-delayed Social Housing Programme
The Ministry of Housing announced the construction of 4,000 units; 640 units…
Funds to be secured for demolition and restructuring of informal settlements
EGP 10bn essential for medium term plan, three years plan of slums’…
FEP Capital seeks to register 3 new companies in NILEX in 2016
FEP, which is owned by Egyptian and Gulf investors, has great confidence…
NBE arranges loans for electricity sector worth EGP 39.4 in five years
The bank intends to support the national economy by funding national projects
Sanctions to be applied in January to US citizens abroad
Penalties range from imprisonment to revoking nationally; anyone with a minimum of…
Cabinet to consult with presidency to hold global economic conference next May
The issuance of dollar bonds is postponed indefinitely and other alternatives are…
Ganope to propose research and exploration bid in 2016
Ganope Chairman Abu Bakr Ibrahim told Daily News Egypt the new bid…
Ministry of Industry to increase export fees on fabric scraps to EGP 3,500 per tonne
Exports of scrap fabric for recycling increased to 294 tonnes in 2015,…