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Consumer Confidence among Egyptians reached 103 points in Q2 2012, up 6 points from last quarter, which is the highest increase in MENAP. Consumer Confidence is the highest since the survey was established in 2005 – placing Egypt among the group of countries most optimistic about their future. Global consumer confidence declined three index points …
By Ibrahim El-Masry The newly appointed Minister of Industry and Foreign Trade, Hatem Saleh, has said that the Ministry is negotiating with the National Bank of Egypt (NBE) as well as a number of other banks to reach settlements for 1,500 factories that defaulted on their loans in the aftermath of the 25 January Revolution. Saleh …
By Inaam El-Adawi Dealers in spare automobile parts have been assured that that their trade will not diminish as car companies launch their 2013 models, even if the market is stagnating. Desouky Sayed Desouky, Spare Parts Division Director at Cairo Chamber of Commerce (CCC), said that new parts will only begin to impact the market …
he banks compete with one another to create better metrics to assess customer satisfaction in order to provide better services
Slowing economic growth in the United States and Europe’s ongoing sovereign debt crisis have dented growth in China, the world’s largest exporter
The European single currency jumped to $1.2285 from $1.2178 late on Thursday in New York
Facebook shares have dropped more than 35% from the IPO price in May of $38
Since the beginning of this month, international prices for steel have not changed. Prices stabilised at $615 per tonne of steel and $580 per tonne of billet.
ECB chief Mario Draghi statement on doing whatever it takes to preserve the euro sent stock markets soaring and reduced Spanish borrowing costs
By Mohamed Darwish Amlak, a real estate investment company based in the United Arab Emirates (UAE) is in the processof studying the possibility of entering the Egyptian real estate market by developing 10 acres that it owns in Nasr City. Hatem Amer, the CEO of Amlak Egypt, said that the company is still scrutinising the …
Banks willing to finance the stagnant construction materials sector
By NihalMounir Mahmoud Eissa, Minister of Industry and Foreign Trade, said that a comprehensive strategy to develop food and agricultural industries is currently being finalised. The strategy is in a similar vein to a group of Ministry of Industry and Foreign Trade strategies to develop the Egyptian engineering and textiles sectors, which included mechanisms for …
Automobile market remains in danger
Real estate companies are extending their offers to include the holy month as growth in property continues
EGX stable at the end of Ramadan’s first session.
Political events have contributed to the downturn in the Egyptian car market and led some companies to make changes in their plans to import vehicles in the second half of 2012.