News
-
Telecom Egypt expects EGP 1.5 bn in profits from Vodafone Egypt
Vodafone Egypt will pay the profits in two equal installments in April and June, according to the TE statement.
-
Egypt's top auditor Hisham Geneina dismissed by presidential decree
El-Sisi has stressed that fighting corruption is a policy priority.
-
EgyptAir Plane Hijacked in Blow to Struggling Egypt Tourism
A passenger falsely claiming he was armed with explosives hijacked an EgyptAir plane carrying 71 other people and forced it to land in Cyprus.
-
Saudi's Savola says EBRD will invest $100 mln in Egypt subsidiary
The investment in (USCE) will include a fresh injection of $50 million, as well as the conversion of existing debt of $50 million to equity.
-
Egypt's Sawiris says CI Capital acquisition stalled by security
Sawiris said a state bank had also withdrawn a loan offer meant to help finance the deal. He did not name the bank.
-
Egypt's Banque Misr in talks for 300 mln euro syndicated loan
Egypt's reserves fell to around $16.5 billion in February, from about $36 billion before an uprising in 2011.
-
A haven for geeks of all stripes at Cairo's Maker Faire
From robots to cake pops, a celebration of the creative spirit in Downtown Cairo.
-
1,560 units built in New Tiba city
A total of 5,352 new housing units are being built in the city, says Madbouly.
-
Egypt fails to secure April LNG shipments
Traders said the first delivery window was difficult to arrange given the short notice period.
-
Egypt's trade deficit falls 5pct in December
In October 2015, lower exports and imports contributed to a decline in the country's trade deficit by 11.8 percent year-on-year to EGP 34.16.
-
Banking Veteran Appointed Finance Minister to Steer Ailing Economy
Amr el-Garhy and Dalia Khorshid are expected to pilot the country’s economy which grew by a mere 4.2 percent in the fiscal year 2014 / 2015.
-
Egypt's GASC receives wheat offers from six trading firms
The lowest offer for the tender was for 60,000 tonnes of French wheat at $179.44 a tonne free-on-board (FOB) from Soufflet.
-
Egypt banks to seek new chiefs under term limit rule
The central bank issued a nine-year term limit for banks top executives, described as an effort to revitalize the industry.
-
Egypt's cabinet approves bill facilitating industrial project permits
Applicants for an industrial facility permit to operate after notifying the relevant authority except for projects with environmental risk.
-
Egypt's property developer Emaar Misr saw net profit doubled in 2015
Emaar contributed to the rise in profits by delivering of 819 units across its developments.
-
Ford targets low-price market with new Figo model
At this year’s Automech Formula, Abdul Latif Jameel Company showcased its new car "Ford Figo", which has a1,200cc engine manufactured in India.
-
Egypt's Suez Canal revenues decline for 3rd consecutive month
The revenues slowed from $411.8 million in January and $429 million in December last year amid claims that vessels are changing route.
-
Marginalising women’s role in economy is a mistake
President of the American Chamber Anis Aclimandos said it would be a mistake for any country to marginalise 50% of its population.
-
Saudi Arabia to inject investments worth 30bn riyals into Egypt
Among the terms of the MoU, it is requested that the ministry put forward investment projects to the Saudi Public Investment Fund.
-
Egypt finance firm merges with Arqaam Capital
Arqaam Capital, the specialist emerging markets investment bank, has announced the merger of Akanar Partners.