FINANCE & ECONOMY

09 Jan 2017

TDs to travel to Egypt tomorrow to meet with Ibrahim Halawa and Egyptian government

A DELEGATION FROM the Oireachtas led by Ceann Comhairle Seán Ó Fearghaíl will arrive in Egypt tomorrow to meet with Ibrahim Halawa and the Egyptian government.

The visit"...

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09 Jan 2017

Egypt, world's largest wheat buyer, appoints new head of agriculture quarantine

Egypt, the world's largest wheat buyer, has appointed a new head to its agriculture quarantine agency, the body that last year threw the massive wheat buying programme into disarray when it tightened import regulations on a common wheat"...

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09 Jan 2017

Egypt's pound strengthens at banks as demand from importers eases

The Egyptian pound strengthened slightly at banks as demand for dollars by importers eased, bankers told Reuters on Sunday.

The dollar was being bought for around 18 pounds at most banks, down from around 19 last week. Banks were paying clients around 17.8"......

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09 Jan 2017

Egyptians unimpressed by Sisi's promise of economic recovery

Egyptians have been assured by their president that the country's battered economy will pick up in six months and they are coping "brilliantly" with austerity. But on the streets of Cairo it is hard to find people who agree.

...

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09 Jan 2017

HDB increases number of branches to 70

The Housing and Development Bank (HDB) increased the number of its branches to 70 by the end of 2016, after the inauguration of the latest branch in Port Said.

According to the bank’s chairperson, Fathi Sebaey, the bank has achieved the first phase of its extension plan for 2016 by"...

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08 Jan 2017

Egypt's developer Inertia executes Veranda Resort on 130 Km2: official

Egypt’s developer property Inertia Holding Group (IHG) is implementing Veranda Sahl Hasheesh Resort on a space of 130,000 square metres, CEO Ahmed El Adawy announced Wednesday.

El"...

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08 Jan 2017

Egypt appoints new head of agricultural quarantine

Egypt, the world's largest wheat buyer, has appointed a new head to its agriculture quarantine agency, the body that last year threw the massive wheat buying programme into disarray when it tightened import regulations on a common wheat fungus.

"...

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08 Jan 2017

HDB conducting public lottery for social housing land in January 2017

The Housing & Development Bank is currently conducting a lottery for social housing land in 10th of Ramadan City from 9-26 January 2017.

The bank had previously conducted a public lottery in cooperation with the New Urban Communities Authority (NUCA) from 17-29 November on lands located in"...

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08 Jan 2017

EGP 188bn in deposits, investments at Egypt Post in H1 of FY 2016/2017

An official source in Egypt Post said that the size of deposits and money invested in the company reached EGP 188bn in the first half (H1) of the fiscal year (FY) 2016/2017.

The source added that Egypt Post was able to increase the number of saving accounts to 24m by the end of December 2016,"...

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08 Jan 2017

Electricity Ministry to announce winners of smart metres tender by end of January

The Ministry of Electricity is set to announce the companies that have won the tender to supply 250,000 smart metres by the end of January.

El-Husseiny El-Far, a member of the electricity companies’ distribution affairs department in the Electricity Ministry, told Daily News Egypt that"...

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