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Telecom Egypt sees 2013 revenues increase 11%

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

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

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’

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

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

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

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%

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

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

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,…
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