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15 Nov 2016

SMEs Investors Association calls on government to review legislation

The Small- and Medium-Sized Enterprises (SME) Investors Association called upon the government to review all regulations and legislations related to SMEs and the development of entrepreneurship.

Alaa"...

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15 Nov 2016

Egypt eases wheat inspections once blocking imports on fungus

Egypt made an official trade agency responsible for inspecting imported wheat, a step that could end disruptions in the purchases of world’s biggest wheat buyer by replacing quarantine officials who rejected several shipments this year for"...

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15 Nov 2016

Natural gas market regulatory authority to be established before end of 2017: El Molla

The Ministry of Petroleum and Mineral Resources is aiming to complete the law to establish a regulatory authority for the natural gas market, said minister Tarek El Molla. The law has been presented to the State Council and is expected to be completed before the end of 2017.

“By the"...

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15 Nov 2016

Free Float Pays Off as London Hedge Fund Returns to Egypt Bonds

London hedge fund GAM UK Ltd. didn’t want to touch Egyptian debt during the years of political upheaval that followed the Arab Spring.

Now, GAM money manager Denise Prime is among European investors making their"...

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15 Nov 2016

Egypt Invites Gold Miners to Explore for First Time Since 2009

Egypt will invite international gold mining companies to explore for the precious metal in the North African country for the first time since 2009.

The government expects to issue a tender for concessions in early"...

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15 Nov 2016

Egypt parliament provisionally approves a new ‎NGO law; waits for cabinet draft

Parliament speaker Ali Abdel-Al told MPs that any ‎new law should go in line with the ‎constitution rather than serve foreign agendas‎; parliament postpones debate until cabinet presents its own draft.

Egypt's parliament provisionally approved on Monday a draft law aimed at ‎regulating"...

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15 Nov 2016

BP to invest $13 bln in Egypt before 2020: UK embassy

British oil company BP Global has plans to invest some $13 billion in Egypt before 2020, the UK embassy in Cairo said in a statement on Monday.

According to the embassy, Britain has been providing investment flows worth $30.5 billion since 2011, with three major British companies"......

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15 Nov 2016

AfDB: Egypt to get $500 million before year-end if board approves bailout

The African Development Bank (AfDB) has made ‘good progress’ in its discussions with the Egyptian government to disburse the second tranche of the $1.5 billion budget support package, said Leila Mokaddem, AfDB’s Resident Representative for Egypt.

The"...

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15 Nov 2016

Egypt Plans to Send Nuclear Plant Personnel to Russia for Training

The Egyptian Ministry of Electricity and Renewable Energy is going to send more than 1,700 trainees to Russia to prepare them for work at the future Egyptian nuclear power plant, the ministry’s spokesman, Ayman Hamza, said on Monday.

He said that it was too early to speak about specialization of the future trainees.

“If the agreement...

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15 Nov 2016

Samcrete Development invests $3.2 million in new administrative and residential units

Real estate company Samcrete Development has set aside$3.2 million to the real estate sector, with $128 million going to the administrative complexes and $77 million to be used for residential units.

The CEO Hisham"...

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