News
-
Egypt’s business climate improving, challenges remain
New Investment Law is a positive step towards improving the dire business environment, according to the research: Capital Economics.
-
Egypt pitches for more travellers from India as tourism picks up
There has been an upswing in the number of visitors owing to the improved security situation and various steps taken by the government.
-
Egypt’s trade deficit declines 56 percent in February year-on-year
Exports increased by 22.1 percent in February compared to the same month last year to reach $2 billion up from $1.6 billion.
-
Stamp duty and interest rates hindered rising stock market movements
The lack of clarity on the fate of the stamp duty on the stock exchange would pressure the market and the continuation to move sideways.
-
Egypt sees recent archaeological findings as a blessing for a struggling economy
Virtually every week, it seems, new aspects of Egypt’s history are being unearthed.
-
IMF release of 2nd aid tranche shows confidence in Egypt's economy
The IMF approved a 12-billion dollar, three-year loan program to Egypt in November and has already paid out 2.75 billion dollars as the first tranche.
-
Uber plans to inject more investments into Egyptian market
50,000 drivers are working with Uber, 40% of whom did not have a job prior to joining Uber.
-
Sisi in Bahrain to talk investments
Sisi held meetings with Bahraini leaders and high-officials, which focused on attracting investment and improving the business environment.
-
UTEET looking for contracts in the wind energy business
UTEET sheds light on the growth opportunities in Egypt and the difficulties of entering the biggest MENA market.
-
Egypt's Suez Canal revenues rise to $853.7 million in March, April
Egypt's Suez Canal revenues rose 4.1 percent to USD 853.7 million in March and April from $820.4 million in the same period last year.
-
Ministers of planning, education attend business forum at BUE
Qalaa Holdings’ managing director discusses potential for economic cooperation between Egypt and the countries of sub-Saharan Africa.
-
Egypt’s consumer price inflation reaches 31.5pc
Inflation hit a three-decade high in April, adding pressure on the government to lower prices before Ramadan.
-
NOSCO targets business worth EGP 200m in 2017
The National Transport & Overseas Services Company aims to compete on electricity distribution projects by the end of the year.
-
Egypt's International Business Corporation Q1 profit falls
Q1 net profit EGP 241,985 versus EGP 911,563 year ago.
-
Egypt’s economy seems to be gradually picking itself u
Purchasing Managers’ Index rose in April to its highest levels in 9 months.
-
Automotive market lost 46.5% of its sales during Q1 of 2017
The market saw sales of 26,500 units compared to 49,600 units, according to the Automotive Marketing Information Council (AMIC).
-
CBE obliges banks to not deal with more than 7 exchange bureaus
One major bank in the market alone deals with 60% of all exchange bureaus.
-
Vodafone added 356,000 new clients in January
Orange lost 89,300 clients, fixed-line subscribers reach 6.3 million.
-
Electricity Ministry set to decide on new tariff increase this month
Average households will see 20-40% increase, subsidies to continue for 5 more years.
-
Debut Egypt Property Show nets over $55m sales
Egypt Property Show (EPS) 2017 ended its inaugural GCC edition on a successful note with leading developers clinching sales deals worth E£1 billion.