December 15, 2019

Etisalat Misr’s investments in Egypt hit EGP 50B since 2007

Cairo: Etisalat Misr, the Egyptian unit of the UAE’s Etisalat, has invested 50 billion Egyptian pounds ($ 3 billion) in the Egyptian market since its inception in 2007, according to chairman Gamal El-Sadat.

He"...

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Egypt’s central bank plans United Bank stake sale within H1-2020: governor December 15, 2019

Cairo: Egypt’s Central Bank Governor Tarek Amer said on Wednesday he expects the deal to sell a stake in the United Bank to complete within the first half of 2020.

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Drop in leading stocks pushes EGX30 to decline further, though expected to bounce back this week December 15, 2019

Dealers in the Egyptian Exchange (EGX) expected its benchmark index to target 13,200 points this week after closing at 13,380 points in more than one session last week,"...

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Gharbia Housing oks in principle acquisition of Solik Group December 15, 2019

ArabFinance: Gharbia,Islamic,Housing's Board of Directors (BoD) approved to hire an Independent Financial Advisor to prepare fair value study for Solik Group for Real"...

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Bank Audi Egypt targets SMEs portfolio of EGP 5bn by 2019 end: managing director December 15, 2019

Bank Audi Egypt aims to increase its small and medium-sized enterprises (SMEs) loan portfolio to EGP 5bn by the end of 2019, in line with the Central Bank of Egypt’s"...

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30 tourism developers to build 10k hotel rooms in New Alamein December 12, 2019

New Alamein city is set to be an international tourism city that is planned to include approximately 10,000 hotel rooms, said Deputy Minister of Housing for National Projects, Khaled Abbas.

Abbas told Daily News Egypt"...

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Climate change could affect 94% of Egypt’s coral reef tourism value December 8, 2019

Coral reefs tourism is a significant component of Egypt’s beach tourism, as the country which has two large coasts in the Mediterranean and Red seas gains about $7 bn per year from this sector of coastal tourism. However, due to climate change, all of this could change in just a few"...

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