News
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Notorious conman reveals holes in Egyptian investment market
Imposing a tax on financial documents owned by the investment funds, even if they are not sold, places a burden on these funds, HC Securities Deputy Chairman says.
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Orascom Construction CEO bullish on Egypt, wants more reforms
Bishai said the company was also interested in renewable energy and water desalination, including a project on Egypt's Mediterranean coast.
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IMF says Egypt’s measures against currency parallel market ‘welcome’
The pound stabilized against the dollar on the parallel market as it was changing hands at 7.62 EGP per dollar.
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Egypt: FM Meets Hungarian Economy Minister
The meeting took up means of promoting tourism, economic, trade and investment cooperation.
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Egypt saw a 3.8% annual increase in tourist visits in February: CAPMAS
Over 640,000 tourists visited Egypt in February 2015.
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Egyptian Billionaire Naguib Sawiris Makes $100 Million from Sale of Mining Company
With this acquisition, the Sudanese government now has full control and ownership of the mining firm.
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Egypt to prioritise Toshka, Minya and Western Desert in land reclamation project
Impoverished Upper Egypt will see the lion's share of land reclamation efforts as the government seeks to spur national development.
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Egypt, Sudan to Open Qastal Port 30 April
President Abdel Fattah Al-Sisi stressed the importance of cooperation with Africa.
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ADNOC to start monthly oil product deliveries to Egypt next week -source
The deal to supply the products was agreed last year.
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Egypt supports sugar producers, may slap big tariff on imports
Prices for local cane sugar were increased from 360 Egyptian pounds ($47) a tonne to 400 pounds a tonne.
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Egypt's Oriental Weavers to issue dividend of 0.4 pounds per share
The company last month reported a 2014 net profit of 377.47 million pounds.
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Hungary, Egypt sign tourism agreement
According to Varga the agreement would aid exchanges between businesses, experts and the two states in general.
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Kuwait deposits $2b in Central Bank of Egypt
Four Gulf countries pledged a total of $12.5 billion in fresh support for the Egyptian economy.
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IMF upgrades outlook for Egypt’s economic growth to 4% in 2015
This upgrade was the first positive step from the most reserved rating agency since the January 25 Revolution in 2011.
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Egypt’s AIIB membership approved
Final decision for approving Egypt’s membership was in hands of bank’s approved members.
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Orascom Development Holding records $37.01m net profits in 2014
The group had accumulated losses worth $171.3m in 2013.
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Egypt signs $600 mn deal with Chinese company to upgrade railway
Large percentage of Egypt's railway system is outdated.
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WASME to discuss new Egyptian SMEs law next month
Association will discuss cooperation to promote Egypt’s SMEs during meeting with Industry Minister.
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Egypt’s government starts annual purchase of local wheat
The world’s largest wheat importer needs around 9.5 million tonnes of wheat to produce subsidised bread, the main staple food for Egyptians.
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EGP 425m of new budget goes to slums: Housing Minister
It will take the ministry 14 weeks to deliver unites of “1m unit” project to beneficiaries.