Company also plans investment in the project by 2016
Latest by Sara Aggour
70.8% of the total unemployed are Egyptian youth
Ministry says it has received cabinet approval for draft law, now awaiting presidential ratification
Ministry of Finance says GDP grew by 2.1% to EGP 1608.6bn during the past fiscal year
Back-to-school season helps push technology companies’ IPOs up.
A new protocol was signed between MCIT and MALR to help introduce ICT to the agriculture sector
The government is studying alternatives to gas usage, investments with foreign companies and is seeking to build wind farms for electricity production.
Galal says changes in expenditures and resources will lead to another stimulus plan
Market share for smartphone is around 70%.
Over 800 Egyptian employees work in the Beni Suef Samsung facility.
Samsung aspires to expand its export capabilities from Egypt to reach the GCC areas then Europe.
Starting next year, Samsung will make more investments to increase the manufacturing lines such as the panel assembly line
You can’t blame the political turmoil entirely as a reason. What we are experiencing here is a weakness that was in the Egyptian economy before 2011.
Mining, machine manufacturing and training are among the top sectors German investors would be interested in.
Suresh Narayanan: We have 3,000 employees of which over 99 percent are Egyptians
Fire at Banha facility led to “significant” losses which the company recovered
Nestle Egypt to launch new annual projects to expand the company’s capacities and create more jobs
Reserves fall by $110m month on month
The company is in current negotiations with the government to reach an energy supply agreement.
Our sustainable development strategy poses a host of business opportunities in the public and private sector: Ibrahim Mahlab
Those benefitting from these advice sessions, called Helpouts, will pay the experts providing them either by the minute or by the session, depending on the latter’s preference, and using Google Wallet.
GACIC and ILO will train women over a year before they are offered a one-year job contract by employers
Amendments to property taxes receive approval from cabinet, awaiting presidential approval
The ministry releases statement listing top five Egyptian banks that trade treasury bills and bonds
Automotive company celebrates 25th anniversary of partnership with Mercedes-Benz by opening largest sales, service and spare parts facility in Egypt
Historic Resources Inventory says the home where Apple was co-founded has ties to “significant contribution” to American heritage
A significant drop in the number of Egyptian millionaires echoing the decline of Egyptian wealth level
Egyptian bourse surges on Wednesday while investors anticipate Morsi trial on 4 November
Law would see 420% to 600% increase in monthly salaries for government employed medical professionals
The report by Jones Land La Salle, titled “Cairo Real Estate Market Overview”, cited global research firm HIS Global Insights, which reduced its forecast of real GDP growth for 2013 from 2.7% in January to 2.1% in September.
Government intends to make several changes that will help cut down on customs evasions
HSBC forecasts a modest pick-up in export growth to over 4%
CIB tops the list as the largest bank in Egypt followed by NSGB, the fastest growing bank in the country
William Murray, the deputy spokesman at the IMF could not expound on the topic but asserted that the IMF’s relationship with Egypt remains strong.
While the government recently announced a EGP 29.6bn stimulus plan, it failed to detail its sources of financing, prompting many analysts to question its viability.
Several companies announce plans to increase volume of investment.