News
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India Business Forum launched in Egypt
The Ambassador of India to Egypt, Navdeep Suri, will be the Patron of the IBF, a statement said.
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Kirloskar launches new projects in Egypt
The company launched new projects during which senior Indian Embassy officials were also present.
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Stronger trade integration needed for MENA prosperity
MENA is a huge and economically varied region with a population of more than 400 million people and $3 trillion in GDP.
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Brand Engagement Rate still 1%, but Facebook is OK with that
1.4% is the percentage of fans and friends of fans of the top 200 brand pages on Facebook who are actually engaging with those pages.
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Egypt and IMF reach deal on $4.8 billion loan
Egypt and the International Monetary Fund have reached an initial agreement for a $4.8 billion loan to revive the country's ailing economy.
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First tablet computer to be fully manufactured in Egypt
The new device is planned to be offered at a consumer-friendly price through Etisalat outlets, with special internet offers available.
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Egyptian Tourist Authority on hunt for Marketing Agency
It's understood that a number of PR and ad firms from all of the large holding companies have received the brief from the organization's HQ.
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Egypt pays less than Spain for Euros as IMF loan talks persist
The government, whose debt carries a junk grade of B2 from Moody’s Investors Service, raised 60 percent more than it sought yesterday.
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Egypt's premier says very close to IMF deal
"I think we are very close. We are still doing the last minute negotiations," Hisham Kandil said in an interview in Cairo.
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PM: Gov't respects all agreements, seeks to raise rate of economic growth
The PM raised the rate of economic growth to reach 4 per cent by the end of this year and allocated LE762 billion for investments.
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Egypt to offer $1.5bn in treasury bills
The popular uprising in early 2011 deterred foreign investors, forcing the government to rely on domestic banks for finance.
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Egypt's EFG Hermes 9M net profit falls 18.8 pct -bourse
Consolidated net profit fell to 232.1 million Egyptian pounds ($38 million) from 286.0 million pounds in the first nine months of 2011.
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Construction boom in Egypt drives chemicals demand
The country's growing population and rising middle class is fueling residential and commercial construction, says Frost and Sullivan.
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Turkish businessmen strike deals with Egyptian brothers
Accompanied by hundreds of business people and nine Cabinet ministers, PM Erdo?an calls on the Egyptian firms to walk together.
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Smartphones constitute 8.4% of total cellular handsets in Egypt
The Arab Advisors Group concluded a survey of cellular users in Egypt probing Smartphones adoption and usage.
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Egypt's tourism industry continues to thrive
Hisham Zaazou has explained that 8.8 million people have already visited Egypt within the first nine months of 2012.
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Finance minister rejects free maintenance of customs equipment
El-Saeed, rejected an offer made by Palamar-Misr to provide the customs authority with free maintenance on all inoperative x-ray scanning equipment.
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Europeans make up 70 percent of Egypt's tourists
"Despite the drop in tourism, Europeans still represent about 70 percent of tourists to Egypt", reported the state agency.
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EIB finances Egypt infrastructure works
The bank is to loan €200 million (US$255 million) as a tranche of a €600 million (US$765 million) loan for the extension of the Cairo Metro.
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Great potential for Islamic finance in Egypt
New regulatory structures would be needed and the proposed incentives would require significant capital that the government currently does not have.