Business
Toy world to open 7 branches in Egypt
December 15, 2014
Toy world to open 7 branches in Egypt
The Egyptian toy outlet Toy World announced it will open seven branches in Greater Cairo, Egypt, in addition to the…
Egypt’s Qalaa signs sale and purchase agreements for LE260 mn Exit of Two Metallurgy Companies
December 15, 2014
Egypt’s Qalaa signs sale and purchase agreements for LE260 mn Exit of Two Metallurgy Companies
United Foundries Company, a non-core asset of Qalaa Holdings, signed sale and purchase agreements for 100 percent of two metallurgy…
Customs on European cars to be reduced gradually starting January 2015
December 15, 2014
Customs on European cars to be reduced gradually starting January 2015
The Egyptian government is currently studying a way to reduce customs on cars imported from European Union by 10 percent…
Trade Minister: The Agadir Agreement between Egypt, Jordan, Morocco and Tunisia should be reviewed
December 14, 2014
Trade Minister: The Agadir Agreement between Egypt, Jordan, Morocco and Tunisia should be reviewed
Trade and Industry Minister Mounir Fakhry Abdel-Nour said the Agadir Agreement between Egypt, Jordan, Morocco and Tunisia should be reviewed…
Egyptian pound steady at official auction, stronger on black market
December 14, 2014
Egyptian pound steady at official auction, stronger on black market
The Egyptian pound held steady at a central bank dollar sale on Sunday, but strengthened on the unofficial market after…
Minister: Egypt’s rises refineries daily production capacity to 85k by 2020
December 14, 2014
Minister: Egypt’s rises refineries daily production capacity to 85k by 2020
Officials project Egypt’s production capacity for oil refineries to rise from 62,000 tons to 85,000 tons daily by the end…
Finance Minister: Egypt targets 4.5% growth rate, 10% deficit in FY2015-16
December 14, 2014
Finance Minister: Egypt targets 4.5% growth rate, 10% deficit in FY2015-16
Finance Minister Hany Qadry Dimian has ratified the draft state budget for the coming fiscal year 2015/2016 before submitting it…
Central bank: Egypt to issue $1.1 bln, 1-year T-bill on Tuesday
December 14, 2014
Central bank: Egypt to issue $1.1 bln, 1-year T-bill on Tuesday
Egypt's central bank said on Sunday it would offer a $1.1 billion one-year treasury bill to local banks and foreign…
Customs from European countries to be reduced 10% starting January
December 13, 2014
Customs from European countries to be reduced 10% starting January
The Customs Department has started measures to reduce customs on cars imported from European Union by 10 percent starting January…
Egypt’s non-petroleum exports rise to $20.2 billion Jan-Nov 2014
December 13, 2014
Egypt’s non-petroleum exports rise to $20.2 billion Jan-Nov 2014
Egypt's non-oil exports grew by 0.22 percent to US$2.206 billion (LE142.9 billion) from January to November 2014, compared to $20.162…