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04 Sep 2014

New Market Research Report: Egypt Business Forecast Report Q4 2014


* One the whole, 2015 will be a relatively positive year for the Egyptian economy, as the currency stabilises and investment returns to the county.

* The fiscal and net export position will improve significantly on the back of fuel subsidy reform. Subsidy cuts will likely be watered down if public unrest occurs on a significant scale, however,...

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04 Sep 2014

Egypt's Sisi receives CABW chairperson Sheikha Hessa

Egyptian President Abdelfattah Al-Sisi on Wednesday received chairperson of the Council of Arab Businesswomen (CABW) Sheikha Hessa Al-Saad Al-Abdullah Al-Salem Al-Sabah and the Council's board members and advisors.

Minister of Planning, Follow-up and Administrative Reform Ashraf Al-Arabi and Minister of Investment Ashraf Salman also attended, said presidential...

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04 Sep 2014

Egypt business activity expands sharply in August

Business activity in Egypt grew at its sharpest rate in eight months in August, a survey showed on Wednesday, as the economy rebounded strongly from the initial shock of cuts in energy subsidies last month.

The government is walking a fine line in an attempt to boost revenues and cut its deficit while luring investors. Increased output and a sharp rise...

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04 Sep 2014

Egypt: Private Security Companies Might Guard Universities - Higher Education Minister

The ministry of higher education is studying offers by private security companies to guard universities, Minister Sayed Abdel Khalek said on Wednesday.


In a cabinet meeting, Abdel Khalek discussed with other ministers the measures adopted in preparation for the new academic year.


"......

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04 Sep 2014

Egypt's Gasc buys first French wheat since January

Egypt's Gasc bought its first French wheat at tender in nearly eight months, as offers from Russia, which has started strongly on its 2014-15 export campaign, rose out of competitiveness.


Gasc,"...

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04 Sep 2014

Al-Jazeera to be taken off-air in Egypt

Egypt today banned two channels, including Qatari-owned Al-Jazeera for inciting “hatred and sedition” and “undermining national unity” by airing pro-Muslim Brotherhood views.

The state council, which is a judicial advisory body, banned Al-Jazeera and privately-owned Rabaa channel after a law suit was filed with it.

The...

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04 Sep 2014

Keen to move on? Egypt to settle 22 investment disputes

Decisive solutions generated by the Dispute Settlement Committee to settle 22 government disputes with investors will soon be forwarded to the cabinet for approval in its forthcoming meetings,"...

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04 Sep 2014

Egypt receive bids for 340MW

Vestas, Gamesa and Acciona have submitted bids in two tenders to engineer, procure and construct two wind power projects on Egypt's Gulf of El Zayt for the government's New and Renewable Energy Authority (NREA).

The two projects consist of ...

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04 Sep 2014

Alexander Nubia boosted with exploration extensions in Egypt

Egyptian authorities on exploration of its Abu Marawat and Fatiri concessions by one year.

The firm also has the ability to extend this further by another year, it said.


It is currently finalising details of the extension with the Egyptian Mineral Resources Authority (EMRA).


"......

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04 Sep 2014

Technics Brand to Return to Deliver Emotionally-Engaging Sound and Musical Experiences

Panasonic Corporation today announced that it will launch its audio products under the Technics brand name again, reviving its brand long synonymous with high-quality hi-fi sound to deliver richer, emotionally-engaging sound and musical experiences. New Technics-branded hi-fi audio systems"...

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