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Investor confidence rises to highest level in years: Al-Sisi
Egypt implemented several economic reforms since July 2014
Abo El-Sebaa Weaving Group searching for strategic investor to repay debts: Chairman
We hope to re-operate the group’s factories with EGP 50m, but a number of banks refused
Saudi investor acquires 10% of Spreado
Our target is to increase the company’s capital to reach EGP 250,000, says CEO
Company facing defamation campaign by a foreign investor: ETA
630 employees and their families are threatened
We aim to eliminate bureaucracy obstructing serious investors: Mehleb
Urgent plan to solve energy cut-off crisis next summer through two foreign companies established by Egyptian armed forces
SODIC to invest up to EGP 2.5bn in Egypt real estate
Earlier this year SODIC agreed to pay EGP 900m to the Egyptian government over seven years after reevaluating the East town project in Cairo.
UK keen on expanding partnerships to help Egypt
British PM urges Al-Sisi to “ensure human rights are respected in Egypt in the fight against extremism”
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Discount and added tax for excess liquidity canceled: Minister of Finance
Government scraps “added” tax to provide excess liquidity to traders and to facilitate transactions. Estimated proceeds of the stock market and wealth tax is EGP 10bn
Investors cling to frontiers as emerging markets sink
Lebanon, Tunisia, Bulgaria, Lithuania, Qatar and Kuwait are among the world’s lesser developed markets and are outperforming more mainstream emerging markets
Analysis: After Web stocks boom, investors wary but rout unlikely
Most importantly, this year’s stars, such as Facebook and Netflix, actually make money.
Egyptian government asks Turkey for help to revive economy
Discuss use of $1bn Turkish aid, two countries to develop an industrial zone in Egypt says prime minister during visit
Rebel Economy Wrap
Why Morsy is Behind Egypt’s Dollarisation Crisis
Electronic signature technology to be applied November
The banks as well as the stock market are ready to implement electronic signature technology, which is to be inaugurated by November, capital market expert, Moustafa Badra, told the Daily News Egypt. An electronic signature can be as simple as a typed name or a digitised image of a handwritten signature; it can facilitate the …
New floating-rate notes see significant success
By Hend El-Behary The Ministry of Finance has received offers equating to EGP 2.5 billion for the first Floating-Rate Note (FRN) ever issued in Egypt. The move comes in the context of the ministry’s strategy to diversify public debt instruments, according the ministry’s press release. FRN are bonds with a variable interest rate. The adjustments …
Euromoney Egypt Conference Confirmed for October 9-10
The Euromoney Egypt Conference 2012 will now be held on 9 and 10 October at The Fairmont Towers Hotel, Heliopolis. Euromoney confirms that HE Dr Hisham Kandil will open the conference. Other government speakers include the Minister of Finance, Minister of Investment and Minister of Communications and IT. Political leaders from many parties will also …
Beltone Financial forms joint-venture with Altree Capital
By Islam Serour Beltone Financial, a leading assets management company in Egypt, has formed a joint-venture company with the African asset management house Altree Capital, dubbed Altree Beltone Capital Ltd. Beltone Financial Holding, which reportedly ranked as the principal asset manager during the first half of 2012, is seeking to empower its position in the …
Minister of industry and Foreign Trade meets with Industries Union board
By Islam Serour Newly appointed Minister of Industry and foreign trade, Hatim Saleh, met with Industries Union (IU) board members, headed by Dr Galal el-Zorba, for the first time yesterday. The purpose of yesterday’s meeting was to outline the main problems the industrial sector is facing, and for the heads of different sectors of the …