FINANCE & ECONOMY

19 May 2015

GroupM Expands Sports and Entertainment Offering under New Global Agency Brand ‘ESP’

GroupM, the world’s leading media investment management company, today announced it is expanding its sports and entertainment offering under a"......

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18 May 2015

Inauguration of first gypsum board factory in Suez at $50 m

The German-Arab Chamber of Industry and Commerce (GACIC) announced Sunday the opening of a new Knauf Egypt plant, with investments of $50 million.


Minister of Industry and Foreign Trade Mounir Fakhry Abdel Nour will participate in the opening Tuesday with the presence"......

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18 May 2015

Financial policies most powerful to enhance lifestyle; Dimian

Financial policies to control the budget deficit are considered the most powerful governmental tool to enhance Egyptians’ lives, said Egyptian Minister of Finance Hany Kadry Dimian.


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18 May 2015

Egypt court upholds asset freeze on businessman Hussein Salem

Cairo Criminal Court upheld on Sunday a previous decision to freeze the assets of Mubarak-era tycoon Hussein Salem, his wife and children along with the assets of Mubarak’s oil minister Sameh Fahmy, his wife and son.


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18 May 2015

Auto component aftermarket opportunities in Egypt in focus

The aftermarket business opportunities in the auto component industry in Egypt will be the focus of the first ever initiative by the Automotive Component Manufacturers Association of India (ACMA), the apex body representing the Indian auto component industry.

The two-day Buyers-Sellers meeting will be held on June 7 and 8 at the Marriot Hotel in Zamalek,...

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18 May 2015

Knauf opens $50m gypsum board factory in Egypt

Knauf, an international, family-owned company based in Germany, has opened a new gypsum board factory in Egypt with investments of $50 million, according to a report.

The plant production capacity is 15 million sq m gypsum, 90,000 tonnes of gypsum products and 25 million metres of metal cutters, said the Daily News Egypt report.

The latest...

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18 May 2015

Egypt’s unemployment rate declines to 12.8% in Q1/2015: CAPMAS

Egypt’s unemployment rate declined to 12.8 percent for the first quarter (Q1) of 2015, compared to 13.4 percent in the same quarter in 2014, Central Agency for Public Mobilization and Statistics (CAPMAS) announced May 17.


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18 May 2015

Trading suspended after Egypt Benchmark jumps 5% on Tax News

The Egyptian stock Exchange (EGX)’s management decided to suspend Monday’ session for thirty minutes after the benchmark index, EGX30 soared by 5 percent.


The stock market indices jumped in early trading after announcing a government decision to put the capital gains tax on hold for two years.

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18 May 2015

Franchising opens doors for exportation to local suppliers

Franchising has major benefits that directly impact the Egyptian economy and specifically the industry and trade sectors as it allows local suppliers to export to other countries, according to Tarek Tawfik, Chairman of the Egyptian Franchise Development Association (EFDA).


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18 May 2015

60m cubic feet monthly gas production cannot be compensated: EGAS official

Sixty million cubic feet of the natural gas lost in monthly production cannot be compensated through linking to other wells, which will only cover 70m cubic feet of the monthly production, according to a senior official at the Egyptian Natural Gas Holding Company (EGAS).


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