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16 Oct 2014

Al Ain Civil Defense Extinguish Fire at Industrial Tires Warehouse

Civil Defense and rapid intervention teams managed to put out a huge fire that broke out on Thursday at an industrial tires warehouse in Al Ain Industrial Area. No casualties or injuries were reported.


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15 Oct 2014

Egypt central bank seen keeping rates on hold as inflation eases

Egypt's central bank is expected to keep interest rates on hold on Thursday as inflationary pressure begins to ease after a spike following deep cuts to government energy subsidies in July.


The"...

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15 Oct 2014

Investment ministry forms advisory committee for public sector management

The Ministry of Investment has formed a new, as yet to be named, committee managing public business sector assets, to develop the sector and maximise asset returns.


The committee includes eight heads of holding companies, heads of the Egyptian Financial Supervisory Authority (EFSA) and General Authority for Investment"......

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15 Oct 2014

Domty chooses EFG-Hermes as financial advisor for IPO

Domty, a food industry company, has begun procedures to publicly offer between 30-40% of its shares on the Egypt Stock Exchange.


Domty Chairman Omar El-Domaty told Al-Borsa newspaper his company signed a contract with EFG-Hermes, which will serve as a financial advisor for the public offering, worth an expected"......

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15 Oct 2014

Proposal to raise fertilisers prices causes uproar

A Ministry of Agriculture, Industry and Investment committee has suggested raising the price of fertilisers from EGP 1,500 per ton to EGP 2,000 per ton. The decision has received wide spread criticism from farmers and strong approval from fertiliser producers.


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15 Oct 2014

Armed forces constructing new cement production line

The armed forces’ Al-Arish cement factory is constructing a new cement production line to be completed by the end of 2015, head of the construction materials department at the Cairo Chamber of Commerce Ahmed El-Zeiny said on Tuesday.


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15 Oct 2014

Student Protests Continue in Egypt Despite Crackdown

Apparently undeterred by scores of recent arrests and the threat of expulsion, Egyptian students continued to protest Tuesday against the military-backed government that seized power last year, according to Aswat Masriya,"......

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15 Oct 2014

'Egypt Telecommunications Report Q4 2014' now available at Fast Market Research

Egypt's telecoms market is poised for a new phase of competition following the award of a mobile virtual network operator licen c e to wireline incumbent operator Telecom Egypt. We expect Telecom Egypt's entry into the mobile market to boost the Egyptian mobile market, which posted considerably slower growth in 2013 than in 2012, as the company is expected to...

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15 Oct 2014

Egypt partially liberalises fertiliser prices, raising supply fears

Prices of subsidised fertilisers increased by a third, drawing complaints from producers and farmers' groups.

A price hike in subsidised fertilisers has sparked fears among local farmers that they'll have to resort to the black market to fulfill their demands.

Prices of subsidised"...

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15 Oct 2014

Citi pulls consumer banks from Egypt and other markets

One of United states most international banks, exists Egypt and other markets but continues to serve institutional clients.

Citigroup Inc said on Tuesday it would exit consumer banking in 11 more markets, as the most international of the big U.S. banks looks to shrink its way to better profits.

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