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E-Styrenics is building Egypt’s first polystyrene production line with $400 million investment and a capacity of 200,000 tones/year
The majority of Egyptians believe the economy is in recession but are optimistic that the economy will recover during the coming 12 months
The international reserves are used to finance the country’s exportation
An equity fund with a civic-minded twist outperforms the rest of the market
Minister of Finance Momtaz Al-Saeed, has ordered the formation of two committees, legal and technical, to review contracts with an American company providing X-ray scanning equipment to the Egyptian Custom Authority. He has also requested an expedited submission of reports assessing the functionality, or lack thereof, of such devices. In 1998, the Ministry of Finance …
Egypt’s political instability pushes the UAE natural gas producer to default; restructuring talks underway
Africa will not reach the majority of the millennium development goals set for 2015
Technical delegation resumes negotiations over loan
Price per tonne fell to less than EGP 460 during August, and remained between the range of EGP 450 to EGP 500
The Vimpelcom move is reportedly part of a strategy that targets more mature markets in Russia and Italy
Human vs machine, IMF in Cairo, interest payments on Egypt debt
The standard stock exchange index, EGX 30, ended Monday’s session above the resistance level of 5,800 points for the first time this month amid expectations of a continuing increase. The index closed Monday at 5,893 points compared to 5,793 points on Sunday, gaining 1.73 per cent, while the EGX70 index for small and medium sized …
Schneider Electric Company has announced a new line of production for Okken electrical panels
The beginning of this fiscal year has seen the EGPC balancing debt to banks and financial obligations to foreign companies
IDA has high hopes for parks and new holding company
Egypt must stop crying wolf, Hussein Salem’s seedy world
Hope to overcome issues of pipeline sabotage and Egyptian domestic demand
The forum will be attended by top-ranking government officials including ministers of foreign trade and industy, agriculture, energy and electricity, investment and transportation
In the same ranking, Georgia, Rwanda, Belarus, Burkina Faso and Macedonia came before Egypt
Egypt debt default, Algeria lifeline, green energy thinking
The Cypriots have asked to use Egyptian expertise in reaching gas and oil discovery agreements, especially in deep water, and also in the seismic surveying.
The project aims to provide Abu Monkar village with 24 hours continuous electric current via clean and environmentally friendly electric sources
Prime Minister Hesham Qandil arrived yesterday in Algeria for a three-day visit amidst speculative press reports over the visit’s agenda. State-owned Middle East News Agency (MENA) reported the objective of Qandil’s visit to Algeria is to hold talks with the Algerian government over solidifying economic relations and boosting mutual investment. “During his visit to Algeria …
A policy under study by the Ministry of Investment would only allow investment in government land under a usufruct system.
The board members proposed the company rebrand itself as ‘Global Telecom Holding,’ as a part of the Vimpelcom acquisition and demerger deal, Orascom announced Sunday.
The Iranian official said exchanging agricultural products will be the start of improved relations between Iran and Egypt.
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 …
Monescope Egypt, a monthly tracker of monetary developments attached to Belton Financial, reports that M2 grew 8.9 per cent in August, compared to 8.1 per cent in July.
Central bank meeting, interest rates explained as Egypt cuts corners
The $65 billion worth plan will be executed within a 10 year time span according to the Libyan official, as reported by Al-Ahram.