Service News
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IMF says Egypt’s measures against currency parallel market ‘welcome’
The pound stabilized against the dollar on the parallel market as it was changing hands at 7.62 EGP per dollar.
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Orascom Development Holding records $37.01m net profits in 2014
The group had accumulated losses worth $171.3m in 2013.
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WASME to discuss new Egyptian SMEs law next month
Association will discuss cooperation to promote Egypt’s SMEs during meeting with Industry Minister.
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EGP 425m of new budget goes to slums: Housing Minister
It will take the ministry 14 weeks to deliver unites of “1m unit” project to beneficiaries.
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Government working on resolving the issues of hampered factories: Prime Minister Ibrahim Mehleb
Discussions are underway with The Savola Group to supply a new grocery chain: Minister of Supply.
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IFC plans up to $2 bln investment in Egyptian infrastructure, power
IFC plans to contribute between $300 million and $500 million per year over the next four years in different sectors, but mainly infrastructure and energy.
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Egypt-based Sawari Ventures to close $50 mln fund to new investors by year-end
The fund opened last month at an international investment conference in the Red Sea resort of Sharm el-Sheikh where Egypt signed deals worth $36 billion.
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World Bank approves $400 mn for two Egyptian social schemes
Takaful (Solidarity) and Karama (Dignity) target impoverished families to help with youth education and the elderly respectively.
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Moody’s expects Egypt economy to grow 4.5% by June 2015: Finance Minister
Non-banking financial activities witnessed significant growth last year, 2015 indicators are promising, says Mehleb.
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Kuwait fund to lend Egypt $1.5 bln over next five years
The fund is the Kuwaiti government's agency for aiding developing countries in areas such as agriculture, transport and energy.
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Egypt to receive Gulf deposits in two weeks: Minister
Egypt's net international reserves stood at $15.5 billion at the end of February.
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Egypt’s budget deficit up 50.5 percent
The deficit reached LE 186BN during July-February 2014/2015, compared to LE123.6 billion during July-February 2013/2014.
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Accountant, sales executive and sales manager needed for EICG
2-3 years of experience are required.
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Egypt's stock market to close on April 12-13 for Easter, Sham El-Nessim
April 12 and 13 mark the Eastern Easter holiday and the beginning of spring.
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Egypt’s non-oil private sector remains in contraction in March: HSBC
HSBC released a survey on Sunday and the outlook is negative.
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Civil engineer needed for Rieckermann
experience in Precast Process and/or Engineering is preferred.
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The Arab social media influencers award honours Nafham
Nafham is a free online K-12 platform specifically for educational purposes.
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Retail sales representative needed for IKEA Al-Futtaim Group
3-5 years of experience and fluency in English are required.
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Ghabbour Auto and Cisco Join Forces to Drive ICT Education in Egypt
Egypt’s Leading Automotive Assembler and Distributor Calls on Cisco to deploy the latest Network Infrastructure Technology Solutions and to deliver free ICT Skills Training.
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Egyptian Chambers of Commerce to follow up on Economic conference
FEDCOC establishes joint working units with countries and investors to pursue EEDC agreements.