News
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Xerox targets over 20% YOY growth: General Manager of Xerox Egypt
When it comes to high value products and services, Xerox is always a preferred vendor in providing services by its customers.
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Egypt targets India, key European markets in tourism push
Tourism ministry grants Indians visas upon arrival and looks to reopen cultural tourism with key European countries.
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Faisal Islamic Bank of Egypt selects SunGard risk management solutions
SunGard to help build a new operational framework for improved risk exposure, reporting and Basel compliance.
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MIGA insures future packaging plant in Egypt
The Multilateral Investment Guarantee Agency (MIGA) announced collaboration with Turkey’s Elif Global on new packaging plant.
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Egypt's Medinet Nasr sees 3% rise in profits in 1H/14
Medinet Nasr Housing and Development's Tag Sultan project was the main driver of the firm's increase in profits.
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Emirati investor offers to build Egypt new Sinai power plant
Emirati Hussein Gasem Nweeis said he would build the plant in three stages, with each stage providing 1,320 megawatts a day.
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Lenovo enters Egypt smartphone market with compelling, diverse portfolio
Lenovo launched its smartphones for the first time in Egypt with a range of products carefully designed to fit every style, personality and budget.
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Lecico Egypt unveils record results
Lecico Egypt reports record revenue and profits for the second quarter on the back of top line growth and improving margins.
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Indian investments in Egypt exceed USD 2.5 bn: Ambassador
The trade between India and Egypt has also grown from USD 2.46 billion in 2008-2009 to USD 4.34 billion in 2011-2012.
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Property stocks boost Egypt bourse
The main Egyptian benchmark rose 0.4 percent, its sixth gain in seven sessions, to 9,274 points, bringing its gains to 87 percent.
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Russia to boost trade, mulls free trade zone with Egypt
Increased Egyptian shipments of products will compensate for up to half of the shortfall of these products caused by the ban of other imports.
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Egypt's Giza governorate sees first day of new bread subsidy scheme
The new subsidy scheme is expected to included an additional 1,3338 bakeries.
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Microsoft unveils $25 phone to be sold in Egypt
The newly released device is targeted at first-time mobile phone buyers and people seeking a reliable back-up phone.
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Egypt sees 2.3% boost in Saudi tourist arrivals
A campaign was created to boost tourism to Egypt from Arab markets and includes competitive packages and special offers.
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CIRF, Rasmala Securities halt evaluations bidding to manage Egypt Post portfo
CIRF and Rasmala Securities both had a technical standard of 93.5% each, while HC and Prime stood at 93.1%.
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Egypt's steel rebars see price hikes in August
Retail prices of locally produced steel rebars have jumped to LE5,280 per tonne in August from LE5,065 in July.
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Egypt's Amer Group H2 net profit up 28%
The firm, which owns hotels, restaurants and malls, among other businesses, made a net profit of 44.4 million Egyptian pounds.
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KSA-Egypt trade volume grows to SR117.5 billion in 10 years
The trade balance was in favor of the Saudi side at an estimated surplus of SR46.2 billion ($12.3 billion).
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Industry, food and metal production rose during 2012: CAPMAS
Risen value of several commodities influenced production value, government statistics agency indicates.
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UAE's Just Falafel eyes 85 outlets in Egypt amid overseas push
The group said it has sold over 20 million falafels and is set to increase this significantly over the coming months.