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We expect doubling trade balance between Egypt and Madagascar in different products, says Rabesahala
Total investments of insurance companies and Egyptian insurance funds amount to over EGP 90bn, says EFSA Chairman
Study will be delivered to Boubyan Petrochemicals Co to activate MoU signed to execute the project
Low-income housing is witnessing a low turnout due to the inability of Egypt’s youth to pay as well as high interest rates.
CBE will allow local banks and foreign institutions to subscribe to the dollar bills with a minimum of $100,000 and its multiples
Falcon Group held a press conference last week, where it presented its work in securing the universities during the last academic year.
The most prominent obstacle real estate investors complain of is the current scarcity of lands, which is the reason for price hikes.
Negotiations with Emirati investors facing huge challenges, but ministry insists on establishing the project even if negotiations fail, says Abbas
Bank capital increased to EGP 1bn and volume of deposits jumps to EGP 6.5bn in three years
Ashmawy added that since the United Bank founded the administration, called Eithar, for community development in October 2006, it has been supporting two main axes: health and education, due to their great impact in societal development
Two bank alliances, consisting of 12 banks, compete to grant company EGP 2.4bn
Egypt is prominent regional tourism destination, making company intensify activities in the sector in next period
We plan to produce 26,000 cars in 2015, compared to 21,000 last year, says Nissan Deputy Chairman
Total trade exchange between Egypt and South Africa amounted to $76.6m during first quarter (Q1) of 2015
New Suez Canal drilling will be finished on 15 July to prepare for tests and opening trials
In 2013, Egypt’s total primary energy consumption was 1.7m barrels per day of oil equivalent, according to BP 2014 Statistical Review of World Energy
Banque Du Caire has launched new fund programmes, such as the used cars’ loan programme launched this month.
CBE has pumped $4.8bn in liquidity since the start of 2015
Loan will be directed to pay part of EGPC’s dues
Decreasing the pound’s value against the dollar, limiting foreign currency deposits in the banks among CBE most daring decisions in past years
High rate of public debt makes banks unable to fund budget deficit, which increases government’s will to fund deficit from abroad
The study stated that Egypt’s investment regime does not place legal restrictions on foreign investors regarding the transfer of profits outside Egypt, nor does it stipulate that investors should reinvest parts of their profits in the country.
Maritime line project is being studied, linking Victoria Lake and Mediterranean easing trade movement inside Africa, says Al-Sisi
The country did not make it to the list of the ‘Top Private Companies Making an Impact’
Future mapping for the implementation phase of the agreement before the fourth summit of the three blocs, says president
$2bn for Egyptian maize imports in 2014, says Ramez
Specification of 1m metre pieces of land to pump additional expansions for investors, says Gaber
Ethiopia encourages Egypt to invest in wheat agriculture to provide grain supply for Middle East and Russia, says Reda
Al-Sisi’s government made bold decisions, including opening door for private sector to produce energy, import gas, and restructuring subsidies, says Hossam Al-Garhy
Bank deposits increased 17%-20% over last three years, loans increased by 10%