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24 Jun 2014

Egypt's MPRC embarks on studio development

Egypt's Media Production City (MPRC) has begun an EGP20 million development of ten of its studios, as the initial phase of the entire regeneration of its studios.

Hassan Hamed, MPRC chairman, told Al Mal"...

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24 Jun 2014

Aramex to open new facility in Egypt

Aramex, the global logistics and transportation solutions provider, announced that it will inaugurate its new 14,000 square meters logistics and warehousing facility in the industrial complex of 6th of October City, in August 2014. This facility will bring Aramex Egypt’s cumulative warehousing capacity to 106,000 square meters with the option to expand...

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24 Jun 2014

Egypt's stock market sees lowest turnover in a year

Main index falls 0.12 percent in a session that saw a turnover of only LE375.6 million, sparked by what an analyst says are the recent events in Iraq.

Egypt's stock market witnessed its lowest turnover in a year, due in part to what an analyst says are fears that a Sunni-Shiite"...

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24 Jun 2014

Government agencies owe petroleum ministry total of LE 160 bln


Government agencies currently owe the Ministry of Petroleum a total of LE 160 bln for petroleum products, according to a senior official at the ministry, who added these agencies owed about LE 157 bln at"...

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24 Jun 2014

Government tasked to apply maximum wage: Mehleb


The government has been “clearly tasked” to apply the maximum wage at all levels of the public sector, Prime Minister Ibrahim Mehleb announced at a press conference Sunday.


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24 Jun 2014

ABB targets sales increase to EGP 2bn by year’s end

Swiss electrical company ABB is targeting a sales increase of 10% in its Egyptian market for 2014 said an official source on Monday.


The source, who spoke on condition of anonymity, added that, with new production lines in place, the company is targeting sales of EGP 2bn by the end of 2014.The source added that"......

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24 Jun 2014

Nestle inaugurates first local confectionery plant

Nutrition, health and wellness company Nestle announced Monday it has inaugurated the “first-ever confectionery plant” in Egypt at the company’s dry goods factory in 6th of October City.


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24 Jun 2014

Foundation reduces hospital waiting lists

The Arab African International Bank’s (AAIB) foundation, “We Owe it to Egypt”, announced on Monday its success reducing waiting lists in the National Cancer Institute’s Breast Cancer department.


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24 Jun 2014

Arab Union for Industrial Exports Development targets 20% growth: Secretary general

The Arab Union for Industrial Exports aims to raise exports among its member states by 20% by the end of 2014, said the company’s secretary general Moneim Mahmoud.


He added that there are huge growth opportunities in light of the industrial transformation being seen in its markets.


"......

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24 Jun 2014

COMESA considers establishing waste recycling factory with €40m in investments: Company chairman

The Common Market for Eastern and Southern Africa (COMESA) is considering building a factory to recycle waste, generate electricity and produce fertiliser in Kenya worth €40m, said Chairman of the Board and Managing Director of COMESA, Sharif Ameen Al-Khoreibi.


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