Business
Nestle plans to invest $138 million in Egypt in next few years
January 20, 2015
Nestle plans to invest $138 million in Egypt in next few years
Swiss food giant Nestle plans to invest about LE 1billion ($138 million / 91 million pounds) in Egypt in the…
Egypt to receive leading Italian companies delegation next February
January 19, 2015
Egypt to receive leading Italian companies delegation next February
Mounir Fakhry Abdel Nour, Minister of Industry, said that Egypt will receive a delegation of representatives to major Italian companies,…
Egypt’s market gains LE1.55 billion on Monday, EGX30 up 0.72%
January 19, 2015
Egypt’s market gains LE1.55 billion on Monday, EGX30 up 0.72%
Egypt's market rose by 0.72 percent on Monday's session with 9,599.10 points and turnover of LE722 million, the dealer said. The…
Minister: New investment law to be finalized before economic summit
January 19, 2015
Minister: New investment law to be finalized before economic summit
A new investment law will be finalized before the economic summit slated for March, according to Trade and Industry Minister…
UPDATED-Egypt allows pound to fall again as inflation concern eases
January 19, 2015
UPDATED-Egypt allows pound to fall again as inflation concern eases
Egypt's central bank let the pound weaken on Monday for the second day running, a move analysts said was aimed…
World Bank: improvements in Egyptian confidence
January 19, 2015
World Bank: improvements in Egyptian confidence
The World Bank reported an improvement in Egyptian confidence levels in exports and manufacturing in its semi-annual report on Monday. The…
Businessmen association to hold conference on future of energy in Egypt
January 19, 2015
Businessmen association to hold conference on future of energy in Egypt
Egyptian Businessmen Association (EBA) will hold in February a conference on supporting energy in Egypt in collaboration with Ahram to be…
Ezz Steel signs LE1.7-bn loan agreement with international, local banks
January 19, 2015
Ezz Steel signs LE1.7-bn loan agreement with international, local banks
Ezz Steel company signed a long-term loan agreement worth LE1.7 billion with the Arab African International Bank and the National…
OTMT appoints new deputy CEO
January 19, 2015
OTMT appoints new deputy CEO
Orascom Telecom Media and Technology Holding declared on Sunday the appointment of Tamer al-Mahdy as the deputy CEO and chief…
Drop of Russian Ruble hammers Egyptian tourism
January 19, 2015
Drop of Russian Ruble hammers Egyptian tourism
The Tourism Ministry decided last Thursday to exempt the Russian tourists from paying the US$25 Egyptian visa in order to promote…