News
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Egypt signs OFID's $40 mln small and micro-business loan
The loan will paid over 20 years.
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GE completes upgrade of two gas turbines in Egypt
The upgrade will also help increase the output of the Nubaria power plant to be able to increased demand.
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Twitter influencers in Egypt drive consumer attitudes, product sales
The new study suggests that endorsement of brands by 'influencers' and celebrities has great power in product marketing.
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Egypt to get first tranche of $1.5B Saudi loan ‘soon’
A Saudi delegation will visit Egypt next week.
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CBE stabilises US dollar exchange rate, further confuses market
CBE stabilised the US dollar against the Egyptian pound at EGP 8.78 in its tender on Tuesday. The market is still waiting for any hint of devaluation.
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€390m revenues of Vodafone Egypt in Q4 of FY 2015/2016
Average revenues of Vodafone Egypt customers reached EGP 28.3 monthly.
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China Telecom eyes Egypt 4G licenses
The government has said that operators interested in the license will have to pay half of its value in US dollars.
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Egypt's tender for a third FSRU draws interest from four firms
The tender by Egyptian state-run gas company EGAS is seeking an FSRU with a capacity of 750 million cubic feet per day.
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Sophos continues cybersecurity innovation in the Egyptian market
ophos is protecting over 200,000 customers and 100 million end users in more than 140 countries.
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Egypt's airports inspection to take place after security requirements fulfilled
The visit date of Russian specialists for completion of the security audit of Egyptian airports is not yet fixed
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Huawei aims to increase Egypt smartphone market share to 30% by year-end
the mobile phones manufacturing company sells more than 10 million devices in Egypt per year.
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Vodafone promotes Egypt CEO to head European markets
Essam was appointed CEO of Vodafone Egypt in July 2014. He was previously the Commercial Director for Vodafone's Africa, Middle East and Asia-Pacific
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When it comes to Egypt's economy...Honesty is the best policy
"What investors need above all is a clear understanding of the policies and programs the government intends to implement"
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No extra tax to be imposed on fuel
The long-delayed levy, which was approved by the cabinet last May, is set at a flat rate of 10 percent.
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Egypt, Philippines to establish business council by end of 2016
Egypt can be the Philippines’ gateway to Africa.
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Egypt buys 300,000 tons of Romanian and Russian wheat
The second imported wheat deal in 2016 comes amid legal action against corruption in domestic wheat procurement.
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New exchange rates drive up Egypt Duty Free revenues by 13.7%
Egypt Duty Free’s activity is influenced greatly by the movement of foreign currencies against the Egyptian pound, especially the US dollar.
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Kuwaiti's Zain interested in Egypt 4G licence
Zain sent us a letter showing desire to enter the Egyptian market through 4G licences with the set conditions put forward by the government: official
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South Africa Reclaims Position as Africa’s Second-Largest Economy, Edging Out Egypt
South Africa has regained its position as Africa’s second-largest economy after Nigeria, edging out Egypt, Bloomberg reported.
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Orange Egypt appoints Harion as CEO
Orange has announced the appointment of Jean Marc Harion as CEO and managing director of its Egyptian unit, replacing Yves Gauthier.