Latest in Tag: Business Highlight
Latest in Tag: Business
The value of personal loans made in November 2012 increased by EGP 900m from the month of October. The total value of loans in local currency was EGP 111.2bn for the month of November 2012, as opposed to EGP 110.2bn in October 2012. During the same period, loans made in foreign currency increased from EGP …
The agreement seeks to strengthen the economic ties between the three countries
EGP 5bn worth of investments will be used to construct the terminal
Breather rather than a new equilibrium
The rise of prices is also reflected in all other products in the Egyptian market, especially imported ones
EGPC is seeking to buy 968 thousand tonnes of diesel to be delivered between April and June
Both sides recognised the need to strengthen economic ties given the long history of cooperation between Cairo and Paris.
Head of exchange companies section at the ECC accuses the CBE of being the real reason behind the dollar shortage in the market
Ministry of Finance considers removing food tax increases while doubling tobacco excise
The goal of the package is to create an environment conducive for Islamic banks to operate
In 2012 the number of Egyptians online reached 31 million, or 38 per cent of the population. 45 per cent of those were connected through portable devices.
Purchases of dollars typically limited and sales generally require approval of the bank’s administration
The President of the Egyptian Businessmen Association, Hussein Sabbour, relays to Daily News Egypt his concerns and diagnosis of Egypt’s economic crisis and sheds light on how Egypt can overcome the perils of status quo
Sources within a number of companies have stated that a recent decline in net profit for mobiles operators have contributed to the need to restructure financial support systems provided to users
A recent report conducted by the Investors Union stated that approximately 1500 factories in Egypt have either closed or are operating at reduced capacity
The survey indicated that among high-income Egyptians who would potentially buy a car, 65% believe that the increase in fuel prices would factor into their choice of a car that is more fuel-efficient, while 18% felt that the rise in petrol prices would not affect their choice.
Throughout 2012 Egypt’s currency dropped 8.4% against the euro, which cost EGP 8.4 by the end of the year. Egypt’s currency dropped a total of 11% against the sterling in 2012.
The “smart petrol card” programme seeks to provide taxi and microbus drivers with 30 litres of diesel per day.
OCI NV launches exchange offer to absorb outstanding stocks and GDRs of parent company OCI SAE
Former Minister of Petroleum, Abdallah Ghorab, talks to Daily News Egypt about the country’s energy problems and the crippling bureaucracy hampering development
While its true that the Egyptian petroleum industry has endured the past two years of consistent political turmoil better than most industries in Egypt, and has been somewhat successful in sidestepping many of the economic impediments brought about by the lack of stability and security, it is by no means impervious to the structural disarray and the flimsiness of the current government.
Prominent economists gave their diagnosis of Egyptian economy and cast their predictions for 2013 at a media roundtable at the AUC
Train crash expected to push EGX30 down to 5,600 points
A report by the American Chamber of Commerce in the Middle East said that Egypt ranked fifth in terms of the number of its exports to the United States, at $2.44 bn, and third in American imports at $4.249bn.
Public Financial Supervisory Authority to not allow for stock options, derivatives, futures and other high risk financial instruments to be traded on Egypt’s stock exchange.
The strategy of the World Bank in the region consists of strengthening governance, creating jobs especially for women and youth, accelerating sustainable growth and ensuring economic and social inclusion.
Minister of Communications and Information Technology, Atef Helmi, stated that the initial stage of establishing the park was nearing its end as three new technologically equipped buildings constructed on 17,000 metres of land are expected to be leased and occupied by February 2014.
American Chambers of Commerce across MENA discuss regional development opportunities with investors and international organisations
Importers call on the Ministry of Industry to cancel newly imposed anti-dumping duties
Egyptian Business Development Association suggested that the government should repeal clauses calling for decreased exemptions for projects run by Egypt’s Social Fund for Development and other non-profit organisations