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21 Mar 2017

Forget ISIS, Egypt's Population Boom Is its Biggest Threat

Mohsen Samir Mohammed never wanted more than four kids, but as his cousins and brothers living down the block in Ezbet Khairallah, one of Cairo’s poorest and most densely populated districts, welcomed son after son—and even insulted his manhood—the amiable 35-year-old started"...

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21 Mar 2017

SDX Energy commences drilling at South Disouq, Egypt

SDX Energy Inc., the North Africa focused oil and gas company, has announced the commencement of drilling operations on the SD-1X well at its South Disouq concession in the Nile Delta area of Egypt.

The"......

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21 Mar 2017

Egypt moves from electricity deficit to sufficiency

-- The opening of three ma­jor power plants in March was the latest in Egypt's efforts to end its electric­ity shortage crisis.

'Huge work is being done in this country to end"...

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21 Mar 2017

Egypt to introduce stamp duty in May, targets $54.8mln -$82.2mln in revenues

Egypt's new stamp duty on stock exchange transactions will come into effect in May and include for the first time a 0.3 percent levy for investors acquiring more than a third of a company's stocks, deputy finance minister Continue Reading

21 Mar 2017

Egyptian start-ups face funding, poor education challenges

Local startups face plenty of challenges, from poor education to lack of funding. But as one entrepreneur who recently moved his venture to Cairo has discovered, Egypt also provides some unique advantages.

"...

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21 Mar 2017

Sisi looking forward to increasing British investments in Egypt

President Abdel Fattah El Sisi said on Saturday 18/3/2017 he is looking forward to boosting British investments in Egypt.

President Sisi made the remark during a meeting with a delegation of the Conservative Middle East Council (CMEC). Foreign Minister Sameh Shoukry attended the meeting.

President"......

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21 Mar 2017

El Welely Agricultural Crops turns to exporting dried legumes instead of rice

El Welely Agricultural Crops targets to expand in dried legumes exports this year in order to compensate for the decline in exports of rice and broken rice following the export ban on rice.

Magdy El Welely, head of El Welely Agricultural Crops, said that the company’s exports amounted"...

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21 Mar 2017

Real estate sector productive, represents 16% of GDP: Tarek Shoukry

Tarek Shoukry, head of the Real Estate Development Chamber in the Federation of Egyptian Industries (FEI), said that the real estate investment sector includes 100 industries, and about half a million workers are part of it directly. Additionally, it represents 16% of the gross domestic product (GDP).

During"...

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21 Mar 2017

Egypt emerges as the world’s fastest growing mortgage market

Driven by huge domestic demand, Egypt will be the standout market globally for mortgages in 2017, according to a March report by Euromonitor International.

The research agency has identified the top three markets globally in 2017 by fastest growth in mortgaged households, with Egypt topping"...

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21 Mar 2017

Cimpor gains fuel flexibility in Egypt

The start-up of a coal mill at Cimpor’s Egyptian operations helped the company realise increased EBITDA margin levels about 30% in 4Q16, the company, as the operation’s variable costs were reduced.

The"...

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