Tag: Finance

Egyptian government presents trade, technology projects to India

Government conducts broad international talks to revive confidence in Egyptian economy threatened…

Mohamed Ayyad Mohamed Ayyad

Tense Egyptian-US relations evident in Africa summit

US is striving to expand its influence in Africa, Egypt heads project…

Aya Nader Aya Nader

Abraaj open to offers for shares of Cairo Medical Centre, Cairo Investment and Real Estate Development (CIRA): Managing director

Abraaj Capital Group is monitoring new direct investment opportunities to acquire companies…

Daily News Egypt Daily News Egypt

National Bank of Egypt raises retail banking portfolio to EGP 35bn: Head of sector

Bank aims to raise its retail banking portfolio in FY 2014/2015 as…

Daily News Egypt Daily News Egypt

Sawiris-Beltone 20% acquisition of Hermes will not be implemented ‘chaotically’: EFG Hermes Chairman

Head of EFSA says oversight body is currently studying documents submitted to…

Daily News Egypt Daily News Egypt

EGAS still awaiting $1bn from finance ministry to import gas for electricity: EGAS

EGAS has yet to sign with two oil companies to supply 12…

Daily News Egypt Daily News Egypt

Property law approved, expected to raise EGP 3bn: Government officials

Tax rate applied will be 10% of the units’ rental value

Sara Aggour Sara Aggour

EGP 45.5bn growth in deposits during 1Q 2014: CBE

Total government deposits at the end of March were EGP 169.412bn, decreasing…

Daily News Egypt Daily News Egypt

Fiscal deficit to remain in double digits, inflation unlikely to rise: CitiBank

Economy remains weak with consumption under pressure and investment affected, the report…

Sara Aggour Sara Aggour

Decision on stock market tax is ‘final and irreversible’: Finance minister

Dimian estimates that proceeds to the treasury from the new tax will…

Daily News Egypt Daily News Egypt