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26 Apr 2015

Romania eyes $1bln Trade Exchange with Egypt at end- 2015 - Ambassador

Romania is targeting increasing its volume of trade exchange with Egypt to hit US$1 billion by the end of 2015, Bucharest’s ambassador in Cairo Cornel Alecse said on Saturday.


The"...

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26 Apr 2015

Ericsson holds its first Cloud and IP summit in Egypt aiming at improving operator performance in the country

Ericsson showcases its Cloud and IP solutions at the first Cloud and IP Summit in Egypt through expert meetings and demonstrations aimed at Ericsson’s customers in Egypt. The event is held from April 20-23 at the JW Marriot Hotel and Smart Village.


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26 Apr 2015

6 banks request Citibank Egypt retail business acquisition

Six banks have requested to acquire Citigroup’s retail business in Egypt, with the Central Bank of Egypt (CBE) on top of the acquisition discussions, a Citibank Egypt official told Daily News Egypt Saturday.


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26 Apr 2015

Egypt, Indonesia trade exchange increases by 21%


Egypt and Indonesia’s trade exchange has increased by 21% compared to the previous year, with a value of $258m, according to Amin Sabry, Egyptian Trade Commissioner at the Egyptian Embassy in Jakarta.

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26 Apr 2015

Armenian Genocide Centennial Commemorated in Egypt

Egyptian Armenians joined millions of people around the world to mark the Armenian Genocide Centennial yesterday [April 24].


The day marks the date when Ottoman authorities began rounding up around 250 Armenian intellectuals and community leaders in Constantinople, paving the way for the Armenian Genocide"......

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26 Apr 2015

VAT law will raise inflation indicators, reduce purchasing power of consumers: Dcode Chairman

Chairman of Dcode Economic and Financial Consulting Mohamed Farid expects inflation indicators to rise, while the purchasing power of consumers will be reduced with the enforcement of the value-added tax (VAT) law, set to be approved by the government before the end of this year.


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26 Apr 2015

Spike in ‘single’ cigarette sales expected to decrease tax proceeds by EGP 2bn: Traders

The Cairo and Giza Tobacco Traders Association expects a decrease in tax proceeds of EGP 2bn in the current fiscal year’s national budget, due to a nationwide increase in purchasing single cigarettes.


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26 Apr 2015

Egypt extends state of emergency in northern Sinai by three months


Egypt said on Saturday it had extended by three months a state of emergency imposed on parts of northern Sinai in October after Islamist militants stepped up attacks in the peninsula bordering Israel, Gaza"...

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26 Apr 2015

Mercedes Carmaker to withdraw from Joint Car Assembly Venture in Egypt

German carmaker Daimler is to withdraw from Egyptian joint venture EGA, a company spokeswoman said Friday, DPA reported. Under the joint venture, Daimler, the maker of Mercedes cars, had assembled vehicles delivered in stripped-down form in order to avoid high Egyptian import duties. The assembled vehicles included the S, C and E ranges and the GLK SUV. Last...

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26 Apr 2015

Mindshare MENA is Number-One at Industry Awards Show

Mindshare, which is part of WPP, is a global media agency network helping clients to make collaborative and adaptive decisions across their paid, owned, and earned marketing in real-time. The team is pleased to announce that Mindshare MENA received the highest number of awards at the Festival"...

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