Business
CAPMAS: Egypt’s housing market slowing sharply in 2012/2013
October 9, 2014
CAPMAS: Egypt’s housing market slowing sharply in 2012/2013
Egypt's housing market slowed sharply in the 2012/2013 fiscal year, according to a statement by Central Agency for Public Mobilization…
Report: Egypt’s computer hardware sales increase 10.8% to LE7.5 bn in 2014
October 9, 2014
Report: Egypt’s computer hardware sales increase 10.8% to LE7.5 bn in 2014
Egypt's computer hardware sales increased by 10.8 percent to LE7.467 billion (US$1.04 billion) in 2014 from LE6.737 billion in 2013,…
Chief of GAFI: Egypt’s Donors’ Conference postponed to March
October 9, 2014
Chief of GAFI: Egypt’s Donors’ Conference postponed to March
Egypt’s Friends Conference, or what is known as the Donors’ Conference, will be postponed to March 2015 according to the…
IMF: Only 5% of Egypt’s firms use banks to finance investment
October 9, 2014
IMF: Only 5% of Egypt’s firms use banks to finance investment
The International Monetary Fund (IMF) said that only 5 percent of Egypt's firms use banks to finance investment, by far…
HSBC: Egypt business growth accelerates in September
October 7, 2014
HSBC: Egypt business growth accelerates in September
Business in Egypt has expanded, marked by the first rise in staffing levels in nearly two-and-a-half years in September, with…
International financial institutions offer projects in Egypt through PPP
October 6, 2014
International financial institutions offer projects in Egypt through PPP
Egypt has received requests from the largest three global financial institutions to participate in financing and constructing public projects through…
Egypt pays $350 million to BG Group
October 6, 2014
Egypt pays $350 million to BG Group
BG Group plc, has received a US$350 million payment from the Egyptian government, the British world leader in exploration and…
EGAS pumps $4 billion to increase gas production in 2014/2015
October 6, 2014
EGAS pumps $4 billion to increase gas production in 2014/2015
The state-owned firm Egyptian Natural Gas Holding Company (EGAS) plans to increase its gas production with investment worth US$4 billion…
Egyptian expat remittances hit highest level ever, boosts economy
October 6, 2014
Egyptian expat remittances hit highest level ever, boosts economy
Remittances from Egyptians working abroad rose to its highest level ever, boosting their home economy according to new Central Bank…
Central Bank: Egypt’s budget deficit shrinks to 12.4% of GDP in 2013/2014
October 2, 2014
Central Bank: Egypt’s budget deficit shrinks to 12.4% of GDP in 2013/2014
Egypt’s overall budget deficit fell to LE253.7 billion or 12.4 percent of GDP in the fiscal year of 2013/2014, from…