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15 Jan 2017

Foreigners will be able to repatriate profits soon: CBE's Amer

Egypt’s Central Bank Governor Tarek Amer said Thursday that foreign investors would be able to repatriate profits and capital “in the coming period” now that hard currency reserves were recovering, state news agency MENA reported.

Egypt’s"...

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15 Jan 2017

Sisi demands tight control on drug market

President Abdel Fattah al-Sisi, on Saturday, demanded Prime Minister Sherif Ismail to tighten control on the drug market to ensure that medicine prices are not “excessive”. Sisi on Saturday held a high-level meeting with Prime Minister Sherif Ismail, in the presence of the ministers of: Defense and Military Production, Foreign Affairs, Interior,...

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15 Jan 2017

The First Group’s the One at Jumeirah Village Circle Wins Prestigious Architectural Award

The One at Jumeirah Village Circle (JVC), one of the latest hotel developments from leading Dubai-based property firm The First Group, has been named Leisure and Hospitality Project of the Year at the prestigious Middle East Architect"...

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14 Jan 2017

Egypt hires banks for US dollar bond offering

The Arab Republic of Egypt has appointed BNP Paribas, Citigroup, JP Morgan and Natixis as joint lead managers for a series of investor meetings in the Middle East, US and Europe commencing January 17.

A multi-tranche 144A/Reg S senior unsecured US dollar benchmark offering with five and 10-year maturities under Egypt's GMTN programme may follow.

...

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14 Jan 2017

Will new law attract more foreign investment to Egypt?

The new draft law, released by the Ministry of Investment at the end of December 2016, included a number of incentives that decision-makers hope will help draw in more investments and create an attractive business climate.

According to the Ministry of Investment data,"......

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14 Jan 2017

Twelve ancient finds in Egypt

Swedish archaeologists have unearthed a dozen burial sites near the southern city of Aswan that date back almost 3500 years to the New Kingdom era of ancient Egypt, the Antiquities Ministry said on Wednesday.

Human"...

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14 Jan 2017

US State Department criticises Egypt for freezing NGO assets

The US State Department condemned what it called the “restrictions” imposed by the Egyptian authorities on civil society, expressing concern over a recent decision by an Egyptian court to freeze the assets of a number of human rights activists and NGOs.

“The"...

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14 Jan 2017

Egypt says foreigners will be able to repatriate profits soon

Egypt’s Central Bank Governor Tarek Amer said yesterday that foreign investors would be able to repatriate profits and capital “in the coming period” now that hard currency reserves were recovering, state news agency MENA reported.
Egypt’s official foreign reserves fell as low as $19bn in October, prompting it to float its pound currency...

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14 Jan 2017

Egypt’s Sisi, Germany’s Merkel discuss bilateral relations, recent terrorist attacks

Egyptian President Abdel-Fattah El-Sisi and German Chancellor Angela Merkel discussed on Friday via phone call bilateral relations between the two countries as well as recent regional and international developments, state news agency MENA reported.

During the call, both parties exchanged"...

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14 Jan 2017

Egypt eases strategic grains import regulations

Egypt, the world's largest grain importer, is streamlining its import procedures and establishing a registry of companies that will inspect potential purchases abroad, the Trade Ministry said on Friday.

...

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