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29 Nov 2016

Egypt attempts to encourage business investment as Saudi support wanes and severe potential unrest threatens inflows

Key Points

  • As relations with Saudi Arabia falter, transparent dispute resolution mechanisms are essential as Egypt seeks new sources of foreign currency, investment, and energy security. Success depends on Egyptian willingness to privatise and open new opportunities to private sector investors without military interference.
  • Substituting the...

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29 Nov 2016

National Bank of Egypt to secure 90 mln pounds for fertiliser expansion scheme

Egypt’s largest lender, the state-run National Bank of Egypt is offering to finance planned expansions for Cairo-based fertiliser major, the Egyptian Financial and Industrial Company (EFIC).

Ali Al-Sayad, Chairman"...

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29 Nov 2016

China-Egypt trade exchange hit $13bn in 2015

The total volume of Egypt's foreign trade with China recorded around US$13 billion in 2015, Chairman of Egyptian Commercial Services Office (ECS) Ahmed Antar stated Monday.

He added that Chinese imports to Egypt"...

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29 Nov 2016

Egypt's ceramic, sanitary ware exports record $172mn in 9 months

Egypt's total exports of ceramic and sanitary wares declined by 28.6 percent in January-September 2016 to around US$172 million versus US$241 million a year earlier.

Executive Director of state's Export Council for"...

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29 Nov 2016

Dimension Data Publishes IT Predictions for 2017

Dimension Data, the global ICT solutions and services provider, today published its ......

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29 Nov 2016

SES to Carry More HDTV Channels for M7 Group in Central Eastern Europe

SES S.A. (Euronext Paris:SESG) (LuxX:SESG) announced today that the satellite television provider M7 Group has contracted additional capacity and extended an existing capacity contract on SES’s ASTRA 3B satellite positioned at 23.5 degrees East.


...

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29 Nov 2016

TRIGO Group and PSA Group Partnership

TRIGO has been awarded a strategic contract by PSA Group to provide extensive quality services in France for the upcoming years.


The cooperation between TRIGO and PSA Group started two decades ago and has been developed in many locations worldwide where PSA Group operates. As a result of a proposal opportunity launched"......

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28 Nov 2016

Egypt’s Black Friday sales are popular, but challenged by economic woes

Egyptian shoppers filled major shopping malls in Cairo on Friday, as shops and e-commerce websites announced major “Black Friday” sales this year. Shoppers at Cairo Festival City, Mall of Arabia and City Stars reported that malls were"...

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28 Nov 2016

NTRA pens sanctions for 4G services within license terms

The National Telecom Regulatory Authority (NTRA) penned a set of sanctions for 4G services within the terms and conditions for the service licences, including a stipulated level of quality. Mustafa Abdul Wahid, acting executive president of the"...

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28 Nov 2016

Union of Arab Banks concludes 21st session of annual Banking Conference

Union of Arab Banks concluded the 21st session of the annual Arab Banking Conference titled "Lobbying for Better Arab - International Banking Cooperation", on Friday November 25, 2016 at Phoenicia Hotel, Beirut, in the presence of His Excellency"...

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