News
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Time Technoplast buys out Egypt JV firm for USD 900K
This will pave way for the company to grow in Egypt and prepare for entry into large packaging market in West Africa when investment is favourable.
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Government targets EGP 262bn loan for budget deficit in Q1 of FY 2015/2016
Ministry of Finance to issue treasury bills with EGP 189.5bn and treasury bonds with EGP 72.5bn between July and September 2015.
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Egypt's budget awaits amendments demanded by Sisi: Source
According to a cabinet statement, the approved proposal targets a 9.9 percent deficit with revenues projected at LE612 bn, expenditure LE431 bn.
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Fawry financial transactions increase by 50% in Q1 of 2015
The company started working through a paid capital worth EGP 77m, of which 75% belonged to Egyptian banks and entities.
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Egypt's power supply gets an encouraging boost
A $9bn deal in Egypt will give a substantial boost to the country's electricity generation capacity helping the government address power shortage.
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Egypt's bourse closed Tuesday on 30 June anniversary
The market will also be closed on Wednesday for the start of the new fiscal year.
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NBG-Egypt continues activities unaffected by Greek banks’ closure
“We work under the umbrella of the CBE and our clients did not make any withdrawals,” says bank official.
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Egypt restricts GDR deals to pounds for local investors
Foreign investors who often use GDRs traded in London and New York to gain exposure to stocks on the Egyptian bourse are not expected to be affected.
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Egypt's Emaar Misr says to list on Cairo bourse on July 5
Emaar Misr a unit of Dubai's Emaar Properties offered 12.99 per cent of its shares in an initial public offering.
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Cairo receives 290 natural gas-fuelled buses
Ukrainian company provides seven-year guarantee for spare parts and maintenance during warranty period, says El-Saeed.
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Interview: Egypt's market offers chances, challenges to Chinese investors: chief of key China firm
The magnitude of manufacture and infrastructure projects offers great opportunities to Chinese investors.
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Egypt stocks drop following prosecutor attack
The attack raised fears about militant reach in the country and possible government crackdown.
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Hotels launch offers to attract Egyptians during Eid Al-Fitr holiday
Hotels in Cairo, Luxor, and Aswan have least occupancies during Eid, as Egyptians prefer coastal areas.
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Slums make up 40% of Egypt's urban areas: Official
Eradicating' slums from Egypt could cost up to LE250 billion, says ministry official.
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Egypt drops to 47th in brand ranking in 2014/2015: Bloom Consulting
Significant decline noted in country’s online performance.
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Mehleb inaugurates AOI’s PV solar panels production line
The organisation is currently preparing for the establishment of a 50 MW solar plant in Beni Suef.
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UAE to offer Egypt grant for 10-year slum development project
The project will prioritise slum areas in Upper Egypt's Minya governorate and Cairo's Manshiyet Nasser district.
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MIHC controls 60% of insurance market shares : Deputy Chairman
Three companies emerged from MIHC, and are 100% owned by it: Misr Insurance (properties); Misr Life Insurance; and Misr Real Estate Assets.
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Egypt jumps 6 spots in Global Peace Index 2015; economy still bleeding
Egypt is ranked 137 this year, compared to 143 in 2014 and 11 among the 19 MENA countries.
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Further fuel price hikes needed: Analysts
In the draft budget, fuel product subsidies are cut by LE9 billion to LE61 billion.