FINANCE & ECONOMY

20 Feb 2018

French Administration School to help prepare Egypt’s next generation of leaders

Egyptian President Abdel Fattah al-Sisi hosted on Sunday Patrick Gerard, the President of the French National School of Administration, to discuss the partnership with the French School’s Egyptian counterpart, the Egyptian National Academy, which aims to prepare the next generation"...

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20 Feb 2018

Egypt to launch New El Alamein, New Mansoura PPP lands soon: Housing Minister

Egypt will launch soon a bunch of new land plots in the cities of New El Alamein, northwest of Cairo, and New Mansoura, 128km north of Cairo in the Nile Delta, Housing Minister Moustafa Madbouly said Monday.

The"...

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20 Feb 2018

Majid Al Futtaim to open 100 additional Carrefour stores in Egypt

Majid Al Futtaim, the Dubai-based conglomerate whose businesses span shopping mall, real estate, retail and leisure sectors, is opening 100 additional Carrefour stores in Egypt, adding to 37 outlets it already operates in the most populous Arab country.

The"...

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20 Feb 2018

Egypt’s economic measures bear fruit

President Abdul Fattah Al Sissi is arguably the first Egyptian president with an eye firmly focused on his nation’s long-term economic health. He is motivated largely by a burgeoning population projected to increase by as much as 20 per cent in 2020 and unlike many of his predecessors"...

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20 Feb 2018

Major warning signs of instability in Egypt

The latest data from our Risk Pulse collaboration show major increases in potential instability and unrest in Egypt. Joseph Colonna explains how conditions are ripe for another wave of protest, with presidential elections due on 26-28 March.

It’s"...

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20 Feb 2018

Egypt to set local buying price for wheat in March

Egypt will set its local buying price for wheat in March, one month ahead of the harvest, the ministry of agriculture said on Monday.

The world's biggest wheat importer did not specify whether it would retain"...

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20 Feb 2018

In the closing ceremony of AUC's MCM: Minister Hala El Said and students discuss Egypt's Vision 2030

The American University in Cairo (AUC) held the closing ceremony of the MCM summit held by the student-run Model of the Council of Ministers (MCM) organization yesterday in the New Cairo campus. The three-day event discussed the vision of students from AUC and 37 Egyptian university regarding"...

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20 Feb 2018

October Pharma unaudited profits rise 60%, suggests dividends

October Pharma (OCPH) announced in a statement sent to EGX, the Board of Directors was held on February 18. The company's BoD approved unaudited financial results for the fiscal period ending December 2017, which revealed posting after-tax profits of LE56 million, versus net profits of LE35 million a year earlier, representing 60% growth. The Board has suggested profit distribution attributable to shareholder of LE24 million, divided into two tranches, LE3 million for the first tranche (5% of issued capital), LE21 million for the second......

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20 Feb 2018

Talaat Mostafa to replicate Madinaty City in expansions of New Cairo

Talaat Mostafa Group is negotiating the purchase of 5,000 acres in the New Cairo City's expansions, which is situated south of Ein El-Sokhna Road over 15,000 acres and relates administratively to the 3rd Settlement, according to a confidential source at Ministry of Housing, Utilities"...

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20 Feb 2018

Qabil:Volume of trade exchange between Egypt, Sweden reaches €644m in 2017

The volume of trade exchange between Egypt and Sweden amounted to some 644 million Euros in 2017, the trade and industry minister said.

Tareq Qabil, in a meeting with visiting Swedish Minister of EU Affairs and"...

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