Trade News
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Sudan, Egypt opens land port to boost border trade
The inauguration of the Qustul land port will boost the volume of trade between the two African countries.
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Al- Sisi meets Spanish economy minister, businessmen
Officials discuss prospects of Spanish investment in Egypt, presidency says.
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Egypt’s crackdown on dollar black market cripples importers
Egypt has four main sources of foreign currency including direct investments, tourism earnings, revenues of the Suez Canal and the remittances coming from overseas Egyptians.
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Egypt's Mobinil sells unit stake to Eaton Towers subsidiary
Mobinil, 99 percent owned by France's Orange, said revenue rose to LE2.794 billion from LE2.649 billion.
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Sainsbury’s rejects Egypt legal case against CEO Coupe
In 1999, Sainsbury’s invested in a company called Edge that was owned by Nasharty. The joint venture was wound up in 2001 with Nasharty agreeing to buy back Sainsbury’s shares for about 40 million pounds ($61.6 million).
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Egypt’s Dollar Black Market Returns as Shortage Unresolved
Egypt’s black market for dollars has reappeared less than three months after the central bank declared it finished.
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HTC raises Egyptian market share of smartphones to 7%
“Setting a limit to dollar deposits lowered chances of sale growth”, says Abdel Mohsen.
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Egypt hosts annual meeting of financial regulators from emerging markets
Forty financial regulators will discuss how to develop derivatives, ETFs and bond markets within their countries.
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Large-scale cooperation between Belarus, Egypt
Belarus and Egypt are connected by multipurpose and large-scale cooperation.
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IDB Seeks Egypt Repayments Before New Islamic Debt Is Issued
Egypt will need to complete projects and start repaying loans if it wants more funds from the Islamic Development Bank.
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Egypt's Eastern Co 9-month net profit up 19 pct
Egypt's top cigarette maker's nine-month net profit rose by 19.4 percent compared with the same period last year.
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Ending Egypt's currency black market brings new challenges
Egypt's currency black market, a thorn in the side of successive governments, has virtually disappeared in the past two months following a central bank crackdown.
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Romania eyes $1bln Trade Exchange with Egypt at end- 2015 - Ambassador
Romania is targeting increasing its volume of trade exchange with Egypt to hit US$1 billion by the end of 2015.
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Signal Blocker - 7 Bands 98W GSM 2G 3G 4G 2.4Ghz WIFI JAMMER in portable case. Jamming up to 150m
JAMMER in portable case. Jamming up to 150m. 7 Bands High Power Device.
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Signal Jammer - 7 Bands 93W CDMA 2G 3G 4G 2.4Ghz WIFI Portable case Jammer up to 150m
Can Mix up to 7 bands - GPS L2 L3 L4 L5: 8W, Low Freq 200-300MHz:20W, 300-400MHz:20W, 4G 2620-2690MHz: 5W, LoJack 173MHz: 20W, GPS 1200-1300MHz:8W
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Signal Jammer - Low Bands 80W UHF VHF Lojack Remote Controls 130-500MHz Jammer up to 150m
Signal Blocker - Low Bands 80W UHF VHF Lojack Remote Controls 130-500MHz Jammer up to 150 meters.
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Signal Jammer - GPS L1 L2 L3 L4 L5 Remote Control Lojack WIFI 2.4Ghz GSM 2G 3G UHF VHF 12 bands Jammer up to 50m
All Frequency can mix in 6 bands very flexible, Options: Remote/Alarm Control 315MHz, 433MHz, 868MHz, 920-965MHz, GPS L2 L3 L4 L5,, LoJack 173MHz, 4G 700-800MHz (USA), SAT Sattellite Phones 1520-1670MHz
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6 banks request Citibank Egypt retail business acquisition
Applicants include CIB, Abu Dhabi Islamic Bank, Emirates NBD and Mashreq Bank.
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Egypt, Indonesia trade exchange increases by 21%
Meanwhile Egypt’s imports from Indonesia include chemicals and fertilisers, readymade clothes, weaving and textiles, furniture, leather products and others.
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Egypt's Sisi approves $500 mn World Bank loan to expand natural gas grid
Earlier this month, the government signed a $400 million loan with the Bank for a pension welfare project which currently benefits 1.5 million poor Egyptian families.