FINANCE & ECONOMY

15 Jun 2016

ICMSA welcome announcement on Turkish market for beef exports but stress need for follow-through – “similar announcement on Egypt last February and not a single head exported there since”

The Chairperson of ICMSA Livestock Committee, Michael Guinan, said that the news was a very welcome signal that when real effort and focus is expended on opening up export markets for beef that success can follow. Mr. Guinan paid tribute to the skill with which the negotiations were conducted"...

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15 Jun 2016

Societe Generale wins Advisory Mandate for Tahrir Petrochemical Complex in Egypt

Societe Generale and Tahrir Petrochemicals Corporation S.A.E, owned by private Egyptian firm Carbon Holdings Limited, have signed an agreement to manage the $5.9bn in financing required for the massive manufacturing plant, which will be located in Egypt’s new Suez Economic Development Zone, where raw materials will be unloaded, processed, and shipped to...

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15 Jun 2016

Shorouk Geneina makes first statement after dismissal

Shorouk Hesham Geneina has published remarks on social media about being dismissed from her role as an associate with Egypt's Administrative Prosecution Authority (APA) on Monday.

The daughter of former Central Auditing"...

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15 Jun 2016

Khorshid, North Sinai governor to follow up investment projects

Cairo: North Sinai Governor Abdel Fattah Harhour has met Investment Minister Dalia Khorshid for talks on promoting the establishment of investment projects in the industrial zones of the governorate.

Commander"...

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15 Jun 2016

Flat6Labs funds 46 projects worth $10m in Egypt, UAE, and Saudi Arabia over five years: managing director

Flat6Labs, an accelerator programme that specialises in the rehabilitation of emerging technology companies, has funded 46 projects worth $10m between 2011 until now in Egypt, the United Arab Emirates, and Saudi Arabia, according to Flat6Lab Cairo managing director Willie Elamein.

...

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15 Jun 2016

Cairo Angels invest EGP 13m in sixteen companies

Cairo Angels has invested over EGP 12m in 15 start-ups over the past three years. It aims to invest in yet another company within days to boost total investment to EGP 13m in 16 companies.

Menna AbdelRahman, general manager of Cairo Angels, told Daily News Egypt in an exclusive interview"...

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15 Jun 2016

Price hikes in Egypt bite hard during holy month of Ramadan

CAIRO (AP) -- Shop owner Hassan Mahmoud laid out his heaps of dried fruits and nuts at a multicolored Ramadan tent in the Egyptian capital to catch shoppers' eyes for the holiday, like he does every year. Only this time, he said, "people aren't buying."

...

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15 Jun 2016

Egypt's economy in 2 years..between burdens of inflation and improved growth

CAIRO, Jun 14 (Aswat Masriya) – The Egyptian economy has witnessed fluctuations over two years of President Abdel Fattah al-Sisi’s presidency as evident in the main economic indicators and the Egyptians’ worsening standard of living affected by the rise in commodity prices"...

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15 Jun 2016

Will Egypt stop listing religion on official IDs?

CAIRO — After collecting the signatures of 60 Egyptian parliamentarians, the official spokesperson for the Support Egypt coalition, member of parliament Alaa Abdel Moneim, submitted June 1 to parliament an 18-article draft bill titled ...

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15 Jun 2016

Shenzhen 100 Featured at International Honeywell Investor Conference

China is one of the fastest-growing sites for foreign investment, was the consensus at an international investor conference that brought together leaders of international funds and banks.


CSOFT"...

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