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20 Apr 2017

Egypt investor conference hosted in Cape Town

Renaissance Capital, an emerging and frontier markets investment bank, will hold its second annual Egypt Investor Conference in Cape Town on 24 and 25 April 2017.

The event follows on from the successful inaugural"...

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20 Apr 2017

Egypt unveils giant restored statue of Ramses II

Egypt has unveiled a massive granite statue of Ramses II, the most powerful and celebrated of the ancient Pharaohs, after completing its restoration.

Standing 11 metres tall and weighing 75 tonnes, the statue was presented in a floodlit ceremony at the ...

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20 Apr 2017

Egypt's Raya Contact Center to start trading on April 27

Shares in Raya Contact Center Co will start trading next week after the company sells a 49 percent stake to investors with the aim of raising 808.5 million Egyptian pounds ($45 million), Chief Executive Ahmed Imam told Reuters. The company, which was founded in 2001 and provides outsourcing services to Europe and the Middle East, closed its private placement on April 12 after it was oversubscribed four times. The initial public offering is due to close on April 20. Financial advisors set a fare share price of 17.91 pounds per share......

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20 Apr 2017

38 air-conditioned trains to be purchased for Metro at LE15.5 bln

Transportation Ministry will purchase 32 new air-conditioned trains for the Cairo Metro's first line (Marg-Helwan) at a cost of LE12.5 billion.

“The 32 trains will be allocated to the first line of metro"...

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20 Apr 2017

Voice call quality improves in February

A recent report published by the National Telecommunication Regulatory Authority (NTRA) for February showed that the quality of voice calls provided by the three mobile operators improved compared to December 2016.

According"...

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20 Apr 2017

Egypt imports 100,000 tons of sugar

Food Industries Holding Company (FIHC), affiliated to the ministry of supply, has imported 100,000 tons of raw sugar during the current month, out of 1.2 million tons planned to be imported to bridge the gap between supply and demand.

An official told Al Mal newspaper that the"...

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20 Apr 2017

ETA asks tourism companies to promote Pope’s visit to Egypt end of April

The Egyptian Tourism Authority (ETA) sent a letter to the Egyptian Travel Agencies Association (ETAA) to promote the visit of Roman Catholic Pope Francis at the end of April in a bid to increase tourism.

The letter"...

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20 Apr 2017

5 companies qualify to establish power plant in Kom Ombo

The New and Renewable Energy Authority (NREA) qualified five companies in the tender previously posed for the establishment of a power plant in Kom Ombo in Aswan with a capacity of 20 MW, in cooperation with the Agence Francaise De Developpement (AFD).

Sources"...

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20 Apr 2017

Army Commander, Egypt's Ambassador tackle cooperation prospects

Army Commander, General Joseph Aoun, received on Tuesday at his Yarzeh office Egypt's Ambassador to Lebanon, Nazih al-Najjari, accompanied by Embassy Military Attache Wael Mahmoud Zakaria.


Talks reportedly dwelt on cooperation relations between the armies of Lebanon"...

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20 Apr 2017

Foreign firms could get 40% tax breaks for Egypt investments

A proposal to offer tax breaks to several business segments including the food industry is being considered in Egypt in a bid to encourage much-needed overseas investment in the country.

Under the proposed law, which"...

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