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27 Jan 2015

Emaar eyeing Egypt flotation

Dubai's Emaar Properties will submit plans to float its Egyptian unit to the North African country's regulator "within days" ahead of an initial share sale earmarked for the second quarter, sources said.


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27 Jan 2015

Federation of Egyptian Industries submits proposal amending automotive sector taxation

The Federation of Egyptian Industries (FEI) has submitted a proposal to the ministries of Industry and Finance to amend the tax and customs system in place for the automotive sector. The proposal includes reassessing the sales tax on local and imported cars to boost domestic products, and"...

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27 Jan 2015

FEDCOC initiates programme to promote Economic Summit

An integrated programme has been launched to promote Egypt’s March Economic Summit, according to the Federation of Egyptian Chambers of Commerce (FEDCOC) in a statement Monday.


The"...

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27 Jan 2015

Tuk-tuk prices increase in black market due to import suspension

A young man in his twenties enjoys a well-off lifestyle due to his job as a supervisor in one of the famous hotels in Sharm El-Sheikh in 2010. A few months later in January, the revolution erupted and panic spread among Egyptians before foreigners due lack of security.


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27 Jan 2015

Beltone Private Equity, Arabiyya Istithmaraat sign management contract

A five year management contract has been signed Monday between Beltone Private Equity and Arabiyya Istithmaraat (Arabian Investments).


Beltone Private Equity will manage the company in return for having 2% of Arabiyya Istithmaraat’s capital value and 10% of its net profits, annually. On the other hand, the"......

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27 Jan 2015

Benu Networks Announces Shaw Ventures as Strategic Investor

Benu Networks, innovative provider of networking and software solutions for network operators deploying Carrier Wi-Fi and virtualized network services, today announced the inclusion of Shaw Ventures to complete a $27.7 Million funding round. This completes the list of venture participants ......

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27 Jan 2015

Historic Combination Creates Leading, Largest Law Firm in the World

At a signing ceremony today, in an historic first, 大成 (pronounced "da CHUNG"), a leading law firm in China, and Dentons, a top 10 global law firm, announced a combination that will be unique in the marketplace. The result will be the only firm to offer seamless service across Africa;"...

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27 Jan 2015

Italian business delegation to visit Egypt

A delegation of about 100 Italian companies will visit Egypt in February to look for opportunities to invest in engineering, infrastructure and renewable energy. The delegation will arrive in Egypt on Feb.

22 for the two day visit, led by Italian Deputy Minister of Economic Development, Carlo Calenda. The mission was organised by Italy's biggest employers'...

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27 Jan 2015

In the right direction: Egypt's economic growth expected to go 'easily north of 4 percent'

Egypt can expect economic growth "easily north of 4 percent" in fiscal year 2014-15, which ends in June, boosted by rising confidence and a windfall from lower oil prices, its finance minister said on Friday.

Hani Dimian"...

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27 Jan 2015

Moderation an important part of Islamic teachings, says Egypt grand mufti

The principle of moderation in all things is a key part of Islamic teachings, a top Muslim religious figure said on Monday, as he urged Muslims to be wary of extremism.


The Grand Mufti of Egypt Sheikh Dr Shawki Allam said in a lecture that Prophet Muhammad himself detested excessiveness in religion and warned against"......

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