News
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Ezz Steel posts Q3 loss of 285 mln Egyptian pounds
The losses of the biggest steel manufacturer have doubled since last year.
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Egypt, Kuwait to invest in petrochem projects
Al-Kharafi: The projects will provide great job opportunities which would amount to 28 000 direct and indirect opportunities
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TDA revokes 22m metres from investors over ‘lack of commitment’: Tourism ministry
Ministry follows up with projects to be implemented, as per timetable with investors, withdraws land from uncommitted investors.
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Half projects in Egypt March investment conference to be in energy sector
The government signed many energy deals and plans to scrap crippling subsidies by 2019.
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Egypt cabinet to discuss privatising electricity transmission
With Egypt suffering from an ongoing energy crisis since the uprising in 2011 and parts of the energy grid in need of renovation, privatisation is being considered.
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Economy recovering, EGX records show: Dcode EFC Report
The report featured on the official website “Egypt the Future” created to promote Egypt’s Economic Summit.
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Microcredit needs separate regulator: Nobel laureate Muhammad Yunus in Cairo
Yunus said that women are better entrepreneurs than men and are more reliable paying off loans, despite it being much harder for them to obtain credit in Egypt.
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293,000 cars sold in Egyptian auto market during 2014
We expect to sell 352,000 cars in 2015 with a growth rate of 20%, says Mustafa Hussein.
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Egypt's Qalaa says seeking to raise $300 mln through divestments
Qalaa Holdings is a leading investment company in Africa and the Middle East in energy, cement, agrifoods, transportation, logistics, and mining.
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Cyprus and Egypt just tightened their energy cooperation
Egypt is looking to import Cypriot gas both for domestic use and for possible re-export to other countries.
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Egypt's unemployment slows in Q4/2014 to 12.9%
In the latest report by the IMF on Egypt, it revealed that structural and monetary reforms were putting the economy back on track.
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Orascom's construction arm to list on Dubai, Egypt exchanges
The global engineering and construction business, is demerging from OCI N.V.'s fertilizer and chemical business.
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Egypt's Juhayna posts 48 pct net profit fall as costs rise
Sales rose to 3.7 billion pounds from 3.3 billion.
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Egypt to present 10 IT projects in March conference: Minister
The plan to build a technology park would create up to 600.000 jobs and increase the contribution of the information, communication and technology sector to the economy significantly.
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Etisalat Egypt receives $120m Bank of Abu Dhabi and HSBC loan
Etisalat Egypt has repaid the last portion of the $300m loan it received from several banks in 2010 through premiums. The loan was fully repaid in 2014.
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Lactalis subsidiary tops rival bid for Egypt's Arab Dairy
The battle for control of Arab Dairy is part of a recent flurry of activity on Egypt's stock exchange.
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Arabtec project will increase competition in real estate market
http://www.dailynewsegypt.com/2015/02/15/arabtec-project-will-increase-competition-real-estate-market/
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3 investment banks promote 11 developmental projects for Economic Summit
Global Swiss bank expressed desire to participate in marketing Conference’s investment projects.
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Egypt 'doesn't mind' Israeli gas
Officials are talking with the American Noble Energy Company, operator of Israel 's gas fields, in a bid to address the country 's energy crisis.
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France's Hollande says Egypt to buy Rafale fighters, frigate
The contract would be the first overseas for the Rafale.