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EGP 170m in investments and EGP 150m toward building four new service centres
First quarter growth of current fiscal year reached 1.1%
These institutions include the International Finance Corporation (IFC), the European Bank for Reconstruction and Development (EBRD), and the European Investment Bank (EIB)
Government has set concrete goals for its February economic summit, says Lazard managing director
The committee has also drafted solutions for another dispute between the Tax Authority and one steel firm over tax collection as well, according to Mahfouz.
Banking sector believes in growing demand for corporate lending as well as credit rating improvement for the country, says Hisham Okasha
Further clarification required before final decision reached on bid by Egyptian investors to buy share of Hermes
New job search engine targeting Egypt job market plans to develop Smartphone application
FEDCOC head says claim tax will “destroy the investment climate”; government remains determined to implement it
Reuters – The government of Dubai plans to sell a benchmark-sized, US dollar-denominated sukuk with a lifespan of 15 years on Tuesday, a document from lead managers said. Initial price thoughts on the Islamic bond have been set between 5% and 5.125%, the document said. Benchmark size is traditionally understood to mean at least $500m. …
The lack of a specific land allocation policy hindered the industrial growth and development in Egypt, says Mounir Fakhry Abdel Nour
Smaller investors, which account for 38.5% of the group’s shares, would be bought out, WirtschaftsWoche said.
Investors look to political stability as a determinant of rapid economic growth
The All-Share Index on west Africa’s leading bourse closed up nearly a third over the year, to 41,329.19 points.
The Egyptian Ministry of Finance, in cooperation with the Ministry of Transport and Saudi and Egyptian investors, will soon construct a new railway line connecting the cities of Bilbeis in the Sharqeya Governorate and 10th of Ramadan City, located along the Cairo-Ismailia desert road.
Benchmark index hits 5765.8 points, expected to move upward over coming period
Central Bank’s decision to cut the interest rates is seen as a way to boost economy
Hegazy also affirmed the government’s focus on the economic path and its target of taking “large leaps” on the economic front.
The website was in a testing phase on Wednesday and was scheduled for a full launch Wednesday evening.
Following the revolution, the Egyptian economy registered lower growth rates compared to the pre-revolution average, recording 1.8% in the fiscal year of 2011-2012. The rate rose minimally to 2.2% in 2012-2013.
The group of advisors for the Suez Canal development project had resigned last month
Part of plan to increase Egyptian exports to new markets
The plans are also aimed at fostering employment for Egyptian youths.
By Philip Whitfield Notice the traffic? Given up going out? Carrying a doggy bag on the shopping run? Good news. Nobody will be able to afford to drive soon. Everyone’s money will be spent paying the gas bill and keeping cool in ice baths. Who dares flick on the air-con? Bit chilly? Snuggle up in …
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
OCI NV launches exchange offer to absorb outstanding stocks and GDRs of parent company OCI SAE
Business councils have pushed back meetings until political dust settles
A policy under study by the Ministry of Investment would only allow investment in government land under a usufruct system.
The prices of non-ferrous metals (copper, aluminium and lead)have dropped across international markets, after witnessing a slight rise last week, according to a report published by the Metallurgical Industries Chamber (MIC). The price of copper fell by $137, recording $8,156 per tonne on 25 September, compared to $8,293 last week. Aluminium prices followed suit, falling …
“The sudden sharp decline in crude oil prices late last night in New York remains a mystery today,” said CMC Markets analyst Michael Hewson