FINANCE & ECONOMY

04 May 2016

20 schools to be developed at cost of EGP 80m: Takatof Association for Development

The total cost for the restoration and construction of schools in several governorates across Egypt will amount to EGP 80m until June, head of the Takatof Association for Development Hossam Badrawi said.


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04 May 2016

NPA to profit by EGP 48.4m from printing social housing project documentation

The National Postal Authority (NPA) posted profits estimated at EGP 13.2m from 23 to 30 April when the authority printed brochures for the social housing unit project detailing the terms and conditions as well as the particulars of sale.

According to the authority, 300,000 brochures"...

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04 May 2016

Afreximbank seeks to raise $3 bln this year - bank president

The African Export-Import Bank (Afreximbank) will seek to raise around $3 billion this year via Eurobonds, syndications and bi-lateral and institutional lending in order to finance its activities, the bank's president told Reuters on Tuesday.

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04 May 2016

Advanced infrastructure, public transportation among required specifications for tech complexes

Technological complexes must be built away from population clusters provided that public transportation is provided to these areas, head of Link Egypt Yehia Tharwat said.


The locations of technological complexes should be eligible to accommodate new residential communities, Tharwat added, citing Smart Village as"......

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04 May 2016

Cabinet approves Egypt’s joining of UPOV- agriculture minister

Agriculture Minister Essam Fayed said on Friday 29/4/2016 that the Cabinet approved Egypt's joining of the International Union for the Protection of New Varieties of Plants (UPOV).


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04 May 2016

Social Responsibility in Egypt Forum highlights private sector’s social role

Government initiatives should promote sustainable economic and social development by encouraging members of the private sector practice corporate-social responsibility (CSR) programmes, Minister of Social Solidarity Ghada Waly said.


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04 May 2016

CBE fixes dollar price in Tuesday auction, dollar remains stable in informal market

The Central Bank of Egypt (CBE) kept the dollar price unchanged against the pound at EGP 8.78 during Tuesday’s auction. The dollar’s price was also stable in the informal market, ranging between EGP 10.8 and EGP 10.95.

Through its weekly auction, the CBE sells dollars"...

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04 May 2016

The Golf GTI celebrates its 40th birthday

It is one of Germany’s favorite cars: The Golf and its sporty version the Golf GTI. The little racer was launched in 1976 and still has cult status.
It has not been an easy year for VW, which is still reeling from the emissions scandal that rocked Germany’s biggest car manufacturer."...

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04 May 2016

JAC exhibits advanced new electric and diesel models at Beijing Auto Show 2016

JAC showcased more than 40 major products at the Beijing Auto Show this year, focusing on the company’s achievements in producing quality commercial and passenger vehicles. The development of efficient new electric and diesel models was at the forefront of JAC’s display, delivering"...

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04 May 2016

Building a Sustainable and Secure Future for the People and Institutions of Africa

There has been an increasing willingness of North, West, and Central Africa Think Tanks to collaborate on remedying shared issues including economic, social and environmental issues.


This"...

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