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04 Feb 2016

Western Union and Viber to Provide Cross-Border Money Transfer Capabilities

The Western Union Company (NYSE: WU), a leader in global payment services, and Viber, a leading mobile messaging app with 664M+ unique users worldwide, today announced an agreement to offer a fast and simple way to send money to friends and family virtually anywhere in the world from the"...

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04 Feb 2016

Euro brought Al-Taj Al-Thahabi’ sales down by 20% in 2015: Chairman

The strong decline of the Russian and European currencies have led to a 20% drop in Al-Taj Al-Thahani Agricultural Crops Company’s sales to EGP 32m this year, compared to EGP 40m recorded in 2014.


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04 Feb 2016

Nasdaq Dubai facilitates licence for Egyptian brokerages

Nasdaq Dubai , the region's international stock exchange, is streamlining its process by which Egyptian brokerages can connect directly to its market.


Under the process, brokerages can apply to become a Member of Nasdaq Dubai based on their Egyptian licence, without"......

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04 Feb 2016

UNB-Egypt chosen among 100 top companies in Egyptian market

The Union National Bank-Egypt (UNB) was selected as one of the 100 best institutions in the Egyptian market, according to an evaluation issued by Amwal Al-Ghad magazine in cooperation with Mubasher Company. The evaluation monitored the companies’ performance during the past three years.

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04 Feb 2016

Promoting tourism in Sharm El-Sheikh needs unconventional solutions, ideas: El-Kosayer

Industrial Development and Workers Bank of Egypt’s (IDBE) Chairman and Managing Director-Executive El-Sayed El-Kosayer said that promoting tourism in Sharm El-Sheikh needs unconventional solutions to differentiate tourism types and achieve sustainability.


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04 Feb 2016

GE offers to establish wind power plant with $150m investments

General Electric (GE) presented an offer to the New and Renewable Energy Authority (NREA) to establish a wind power plant with investments of $150m.

The NREA is studying the offer in accordance with the measures and regulations of law 203/2014, which aims to promote producing power"...

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04 Feb 2016

30 Italian firms seek investing in Egypt

Egyptian trade minister Tarek Qabil is to hold Wednesday an expanded meeting with the Italian Minister of Economic Development Federica Guidi to review investment opportunities available in Egypt within the upcoming period.

Guidi is visiting Egypt heading a mission of 30 firms working"...

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04 Feb 2016

Egypt may order up to 40 Russian Sukhoi airliners

Moscow and Cairo are discussing the possibility EgyptAir buying Russian-made Sukhoi Superjet 100 (SSJ-100) aircraft, according to Russia’s Minister of Industry and Trade Denis Manturov.

"We are now discussing the possibility of delivering up to 40 airplanes: 20 plus an option"...

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04 Feb 2016

Egypt signs protocol with Visa to modernize subsidies structure

Egypt signed a protocol with Visa Inc. Wednesday to propose a program to transform the subsidies structure into an open payment system, according to a Wednesday statement by the Supply Ministry.


The"...

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04 Feb 2016

Egypt to buy new explosive detectors to tighten Cairo airport security

Egypt plans to purchase two explosive detectors at the cost of 18 million euros to be installed at checkpoints on the road to Cairo International Airport, news websites quoted Cairo International Airport Company Chairman Mohamed Saeed Mahrous as saying on Tuesday. The new explosive detectors resemble the detectors installed in the Martyr Ahmed Hamdy Tunnel,...

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