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31 Jan 2017

Beltone holds Cairo Investment Conference to allure foreign investment to Egypt

Beltone Financial Holding is to host Monday its four-day investment conference in Cairo in cooperation with Auerbach Grayson, a New-York-based international brokerage firm.

According to a statement issued on Sunday,"...

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30 Jan 2017

Possible resumption of Egypt-Russia flights could start with Cairo: Russian deputy PM

Russia’s Deputy Prime Minister Arkady Dvorkovich said that a possible resumption of Russian passenger flights to Egypt would start with Cairo International Airport first then followed by Red Sea resorts' airports, Russian news agency TASS reported on Saturday.

In statements to Russian"...

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30 Jan 2017

Egypt to tender pharmaceuticals zones project

Egypt plans to tender a project to establish pharmaceutical production zones in the Northern Suez governorate in the first quarter of 2017, a top official told Zawya Projects.

General"...

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30 Jan 2017

Winter sale not likely to boost clothes market: manufacturers

Several clothing manufacturers have underestimated the sale on winter clothes, which will start on Monday, saying it will not boost sales that have been witnessing recession since floating of the exchange rate indicating that the sale used to"...

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30 Jan 2017

Airlines in Cairo asked to implement Trump travel ban -EgyptAir official

Airlines operating at Cairo airport were officially requested on Sunday to prevent U.S. immigration visa holders from seven Muslim-majority countries from boarding flights to the United States, Hossam Hussein, an EgyptAir official, said.

...

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30 Jan 2017

Minister: Egypt determined to end housing crisis in 3 years

Egypt’s housing crisis will come to an end within three years, Egyptian Minister of Housing Moustafa Madbouly said on Saturday.

Speaking at a national youth conference in Aswan, Madbouly said around 166,000 housing units in the government’s social housing scheme are dedicated for Upper Egyptian governorates starting from Fayoum to Aswan.

"......

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30 Jan 2017

Internet users increase by 8.8% in October 2016

The number of internet users increased by 8.8% in October, compared to September—from 33.9 million customers in September to 63.9 million customers in October, an increase of approximately 3 million customers, according to a report issued by the Ministry of Communications and Information Technology.

The"...

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30 Jan 2017

Flotation, high lending interest rate, VAT negatively affect real estate investment activity: FEDCOC

Alaa Fekry, member of the Real Estate Investment Division at the Federation of Egyptian Chambers of Commerce (FEDCOC), said that real estate companies face several challenges in the current period which may adversely affect their expansion plans in the current year and increase the prices of real estate units.

Fekry,"...

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30 Jan 2017

Ministry of Electricity presents new and renewable energy projects situation to cabinet

The Ministry of Electricity will present a detailed memorandum to the cabinet within two weeks, which includes the situation of new and renewable energy projects and demands of investors to complete the projects.

Government sources said that the memo includes a report of electricity production"...

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30 Jan 2017

NBE arranged 10 syndicated loans worth EGP 50bn in 2016

The National Bank of Egypt (NBE) arranged and managed 10 syndicated loans at a total value of EGP 50bn during 2016, according to NBE deputy chairperson Mahmoud Montasser.

Montasser said that the NBE participated with EGP 14bn, or 28% of the total value, and he pointed out that the bank owns"...

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