FINANCE & ECONOMY

21 Oct 2019

Ajman Media City Free Zone Announces Removal of E-Channel Deposit Requirement for Investors; Significant Boost and Cost Advantage for Entrepreneurs

Sheikh Abdul Aziz bin Humaid Al Nuaimi, Chairman of Ajman Media City Free Zone announced abolishing the mandatory e-channel deposit for the investors setting up their business in the AMC Free Zone.

Explaining"...

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20 Oct 2019

New customs law simplifies procedures, reduces goods' cost: Min

CAIRO - 19 October 2019: New draft of customs law currently under discussion in the House of Representatives contributes to improving Egypt's ranking in three important international indicators: «Global Competitiveness, Doing Business and the Macroeconomic Environment»,"...

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20 Oct 2019

Leather exports decline in 8 months due to global demand

CAIRO - 19 October 2019: President of the Export Council for Leather Industries Mahmoud Serg attributed the decline of exports of the sector by 31.5 percent during the first eight months of 2019 due to the decline in global demand for leather.

He added in a statement that the"...

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20 Oct 2019

Pumping water to Sheikh Gaber canal is part of Sinai development plan: Ministry of Irrigation

Ministry of Water Resources and Irrigation said on Saturday that pumping water into the Sheikh Gaber’s canal in North Sinai comes as part of the announced state’s plan for Sinai development.

According"...

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20 Oct 2019

Commercial projects acquires lion’s share of projects’ demand

Cairo: Commercial and administrative projects have witnessed growth during the last period, contrary to the slowdown of residential real estate sector. The project accounted for the highest percentage of sales in 2018, since most companies tended to diversify their products to stimulate"...

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20 Oct 2019

First Russia-Africa Economic Forum to kick off on 23 October

The Russia-Africa Economic Forum co-chaired by Egyptian President and African Union chairperson Abdel Fattah Al-Sisi and Russian President Vladimir Putin will take place on 23 October in the Russian city, Sochi.

Marking"...

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20 Oct 2019

Chinese economy maintains stable growth amid external headwinds: central bank governor

Facing significant external headwinds from trade protectionism in some major economies, China has maintained a stable growth in 2019, with main economic indicators kept within an appropriate range,” Governor of the People’s Bank of China Yi Gang said Saturday.

In"...

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20 Oct 2019

Egypt, WB agree on boosting infrastructure and digital cooperation

Minister of Investment and International Cooperation (MIIC) Sahar Nasr, along with the Minister of Communications and Information Technology Amr Talaat met with the World Bank’s (WB) Vice President for Infrastructure Makhtar Diop, on the sidelines of the WB and International Monetary"...

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20 Oct 2019

Del Monte® Launches First Café in Kuwait at Terminal 4 (T4) at Kuwait International Airport

Del Monte®, the leading provider of fresh, healthy and great-tasting food to consumers around the globe, announced the opening of its first café in Kuwait at Terminal 4 at Kuwait International Airport. The step reflects the company’s endeavor to offer healthier snacks and"...

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19 Oct 2019

Egypt urges WB, IMF to support regional integrity in Africa

Minister of Investment and International Cooperation Sahar Nasr called on the World Bank and IMF to boost their support to Egypt in achieving regional integrity and intra-trade in Africa, a press release on Friday read.

Addressing the Intergovernmental Group of 24 on International"...

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