Latest in Tag: Investment Minister Highlight

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Latest in Tag: Investment Minister

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Government reaches settlement with ArcelorMittal to avoid paying $600m in compensation

The Egyptian government, represented in the chairperson of the Industrial Development Authority (IDA) Ahmed Abdel Razek, has a settlement contract in London signed with the largest steel producer in the world, ArcelorMittal, in the presence of Investment Minister Dalia Khorshid and company chairperson Lakshmi Mittal. “The friendly settlement stipulates that the arbitration lawsuit [has been …

Daily News Egypt

Dahlia Khorshid 1

Investment Minister inaugurates Singaporean logistics centre worth $10m

Minister of Investment Dalia Khorshid inaugurated a logistics centre affiliated to Singapore’s Pacific International Lines (PIL) on Sunday, with investments worth $10m, according to the ministry. The ministry said in a statement that the centre, which was built on an area of ​​20,000 sqm in 10th of Ramadan City, is the first Singaporean investment in …

Daily News Egypt

Accredited centres granting certificates for used cars needed: Consumer Protection Agency Chairman

Insurance, whether comprehensive or obligatory, is crucial to help accelerate the market and insurance payment, according to Atef Yaqub, Chairman of the Consumer Protection Agency. Yaqub said the government should speed up the process of establishing accredited insurance centres to evaluate used cars before they are sold. This will ensure a quick sales process and …

Mohamed Ayyad

Oriental Weavers expects EGP 5.8bn in 2014 sales, 2 new factories planned

By Mohamed Ayyad and Mohamed Mostafa Oriental Weavers sales are expected to reach EGP 5.8bn this year, compared to EGP 5.5bn in 2013, according to the company’s founder Mohamed Farid Khamis. He added that last year exports reached EGP 3.9bn, representing 65% of sales. Khamis also revealed that two new factories to be located in …

Mohamed Ayyad