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Etisalat Egypt has repaid the last portion of the $300m loan it received from several banks in 2010 through premiums. The loan was fully repaid in 2014.
Whereas in the Q3 of FY 2013/14, real GDP growth registered 2.5%, it jumped to 6.8% in Q1 of FY 2014/15
Electrostar aims to open up new African markets, renew products, and provide new technology on Egyptian market
Company looking to introduce SMEs franchise model, will keep upgrading infrastructure and open five new branches in 2015, says Samer Gharaibeh
After government reforms and economic growth, there are plans to continue commitment to Egyptian market, says Nestle North East Africa CEO
Between government’s role and people’s social beliefs, the rates continue to rapidly increase
Egyptian authorities design good macroeconomic and reforms programme ahead of March 2015 economic conference, says Jarvis
Builders of Egypt Forum kicks off, minister of planning foresees boom in construction industry
7.2% growth in mobile internet users
Figure 6.8% higher than same quarter last year
Countries in MENAP region (Middle East, North Africa, Pakistan and Afghanistan) were resisting growth due to socio-political problems and regional conflicts
Beverage business also exports an estimated $180m to foreign markets per year
Private company to supply EGP 2bn to build chain of hypermarkets as part of plan to expand local trade markets in collaboration with supply ministry
Pace of growth in seven Middle Eastern countries remains “far below” the rates expected in the 2000s, the World Bank indicates
Egyptian exports grow by 3% in May after continuous monthly decline since the beginning of 2014
Total government deposits at the end of March were EGP 169.412bn, decreasing EGP 1.29bn from December 2013, when deposits were EGP 170.702bn
Reuters – Morocco’s economic growth slowed sharply to 2.5% in the first quarter from a year earlier, and is likely to ease slightly again this quarter as agricultural output shrinks, the country’s planning agency said on Tuesday. Agriculture, which accounts for about 15% of Morocco’s gross domestic product, fell 3.4% in the first three months …
Reuters – Abu Dhabi government-owned Al Hilal Bank is considering a capital increase this year to support growth of its operations, its chief executive said on Monday. The Islamic lender, owned by the Abu Dhabi Investment Council, an investment arm of the Abu Dhabi government, plans to expand its retail and wholesale banking business locally …
Trade with Europe shows promise during the next six months, the bank’s latest report noted
China’s gross domestic product (GDP) grew 7.7% in 2013, unchanged from the year before.
World Bank Economic Prospects Report expects economic growth in Egypt in 2014 to reach the highest rate since 2010 but will remain far below its potential
HSBC says activity rising at sharpest rate in survey history
The government targets 3.5% growth in the current fiscal year, which ends June 2014.
HSBC forecasts a modest pick-up in export growth to over 4%
The Eastern Tobacco Company also announced that it was on the verge of completing the transfer of its factories to the 6th of October City at a cost of EGP 5.5bn.
Analysts welcomed the figures, which reinforce other survey findings, but were also cautious as the debt crisis continues to sap the economy and unemployment runs at record highs.
102,000 vehicles sold despite political turmoil
CIB rated as most efficient, followed by NSGB, while HSBC places third due to its refusal to disclose information on its non-performing loans
Central Bank report shows bank loans made in Egypt in November jumped only EGP 2bn
Hong Kong (AFP) – Asian markets slipped further on Wednesday following losses in Europe and on Wall Street after a third straight monthly contraction in US manufacturing activity. The disappointing US data followed poor numbers on factory activity from Asia and Europe but dealers looked forward to a European Central Bank meeting, optimistic there would …