Business

Nestle plans to invest $138 million in Egypt in next few years

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

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%

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

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

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

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

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

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

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

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…
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