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"...
Continue ReadingEgypt’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.
"... Continue ReadingDrop 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,"...
Continue ReadingGharbia 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"...
Continue ReadingBank 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"...
Continue Reading30 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"...
Continue ReadingClimate 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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Top News
- Egypt’s petroleum products, gas consumption up to 92.4m tonnes in FY 2019/20
- EHA targets better hotel services, increasing national income of tourism
- Johnson & Johnson raises investments in Egypt to LE 2.3B
- Vivo celebrates its first-ever launch in Egypt with new smartphones S1 and V17 Pro
- Etisalat achieves EGP 4bn profit in nine months
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