Business

13% growth in telecommunications sector next year, says minister

13% growth in telecommunications sector next year, says minister

Minister of Communications and Information Technology Atef Helmy said that the telecommunications sector grew by 9.8 percent of GDP and…
Growth in Egyptian business activity slows in October

Growth in Egyptian business activity slows in October

Business activity in Egypt expanded in October for the third straight month, a survey showed on Tuesday, but the pace…
Kuwait agrees to increase crude oil exports to Egypt

Kuwait agrees to increase crude oil exports to Egypt

Kuwait Petroleum Corporation has agreed to increase its monthly exports of crude oil to Egypt from 1.5 million to 2…
Egypt’s Arabian Cement agrees joint venture with Brazil’s Cementos La Union

Egypt’s Arabian Cement agrees joint venture with Brazil’s Cementos La Union

Egypt's Arabian Cement has entered a joint venture for cement grinding with Brazil's Cementos La Union worth 23 million Euros(28.76…
EGX30 rises 1.4% on Monday, gains LE4.2 billion

EGX30 rises 1.4% on Monday, gains LE4.2 billion

The Egyptian stock exchange continued to rally on Monday for the fifth consecutive day, supported by buying of foreign institutions…
IDA opposes investment law in the works

IDA opposes investment law in the works

The government’s Industrial Development Authority has submitted a memo to the Ministry of Trade and Industry including its objections to…
Online marketers want business regulated

Online marketers want business regulated

A number of online marketers have demanded legislative regulation for their business, noting that Egypt remains among the Middle East’s…
Steel manufacturers mull gas price reduction request to govt

Steel manufacturers mull gas price reduction request to govt

Steel factories are eyeing requests to the Ministry of Industry, Trade and SMEs to modify energy prices for the steel…
CAPMAS: Egypt’s deficit of trade balance decrease 22.5% on July 2014

CAPMAS: Egypt’s deficit of trade balance decrease 22.5% on July 2014

Egypt's deficit of the trade balance reached LE19.46 billion during July 2014 versus LE25.11 billion for the same month in…
Egyptian property developer SODIC raises $139 mn for new projects

Egyptian property developer SODIC raises $139 mn for new projects

SODIC, Egypt's third-largest listed property developer, has completed a LE1 billion (US$139 million) capital increase to help finance new projects…
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