Business
Telecom Egypt sees 2013 revenues increase 11%
March 12, 2014
Telecom Egypt sees 2013 revenues increase 11%
Telecom Egypt released FY2013 financial statements according to EAS. Revenue for 4Q2013 was recorded at LE2.8 billion, up 12 percent…
Abdeen court drops charges against Juhayna chairman
March 12, 2014
Abdeen court drops charges against Juhayna chairman
Abdeen Court dropped charges against Juhayna chairman Safwan Thabet due a lack of evidence of violations of technical standards required…
Infrastructure incentive package doubled to LE60 bn
March 11, 2014
Infrastructure incentive package doubled to LE60 bn
Minister of Commerce, Industry and Investment Mounir Fakhri Abdel Nour told the Swiss Egyptian Businessmen Association on Tuesday that the…
Dispute between Petroleum Authority and Kuwait Gas and Oil settled ‘amicably’
March 11, 2014
Dispute between Petroleum Authority and Kuwait Gas and Oil settled ‘amicably’
Minister of Petroleum and Mineral Resources Sherif Ismail said on Tuesday that the Petroleum Authority reached an amicable settlement in…
EFG-Hermes showcases local projects to global funds
March 11, 2014
EFG-Hermes showcases local projects to global funds
The 10th Annual EFG Hermes One-on-One, the largest MENA-dedicated investment conference held globally with investors controlling some US$7 trillion, will…
Cement plants to start using coal September 2014
March 11, 2014
Cement plants to start using coal September 2014
The cabinet has directed the Ministry of Trade, Industry and Investment to study the use of coal in cement plants,…
Tax Authority: Constitution allows taxing Egyptians abroad
March 10, 2014
Tax Authority: Constitution allows taxing Egyptians abroad
Mostafa Abdel Qader, head of the Tax Authority, said on Monday that the new Constitution allows for imposing taxes on…
February’s inflation rate increases by 1%
March 10, 2014
February’s inflation rate increases by 1%
The Central Agency for Public Mobilization and Statistics (CAPMAS) said the inflation rate in February increased by 1 percent to…
Al-Futtaim to pump LE16.5 billion into investments in Egypt over five coming years
March 10, 2014
Al-Futtaim to pump LE16.5 billion into investments in Egypt over five coming years
The Emirati Al-Futtaim group will pump LE16.5 billion to establish five malls in Egypt over the coming five years that…
UAE, Oman and Iraq lead Middle East oil and gas transactions in 2013
March 10, 2014
UAE, Oman and Iraq lead Middle East oil and gas transactions in 2013
According to EY’s Global Oil & Gas Transactions report, the combined number of oil and gas transactions in the UAE,…