FINANCE & ECONOMY

20 Apr 2019

No slowdown in Egypt’s property market, says company official

Cairo: The CEO and managing director of Talaat Moustafa Group Holding (TMGH), Hisham Talat Moustafa, said that the real estate market in Egypt is not witnessing a slowdown in the current time.

Talaat Moustafa"...

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18 Apr 2019

Holidays’ season starts on EGX

CAIRO – 17 April 2019: The Egyptian Exchange (EGX) announced several official holidays for the bourse during the coming period.

EGX elaborated in a statement that Thursday, April 25, will be a holiday in celebration of the liberation of Sinai from the Israeli occupation....

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18 Apr 2019

Egypt is moving forward to improve business environment: Min.

Cairo: Egypt is moving forward with comprehensive institutional and legal reforms to improve the business environment, Minister of Investment Sahar Nasr told Bloomberg.

Nasr added that President Abdel Fatah al-Sisi"...

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18 Apr 2019

Egypt’s NUCA pumps EGP34B investments in 6 new cities

airo: Egypt’s New Urban Communities Authority (NUCA) pumped investments of 34 billion Egyptian pounds in six new fourth generation cities to carryout infrastructure works and residential projects, according to a source with knowledge.

The"...

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18 Apr 2019

Egypt’s trade exchange with India likely to hike by over 128% to reach $8bn

India plans to increase its trade exchange with Egypt by over 128% to reach about $8bn in the next period, in comparison with $3.6bn last year, according to the Indian ambassador to Egypt, Rahul Kulshreshth.

The"...

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18 Apr 2019

Egypt shares to move sideways awaiting fresh stimulus ahead of Q1 results

Egypt’s shares are expected by analysts to move sideways this week awaiting fresh stimulus ahead of the imminent earnings season.

The Egyptian Exchange (EGX) is expected to carry on the sideways trend on"...

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18 Apr 2019

Acelity L.P. Inc. Announces New Senior Leadership Appointments

(AETOS Wire)-- Acelity today announced Gaurav Agarwal, Chief Commercial Officer, has been promoted to the position of President and Chief Operating Officer. Additionally, Rohit Kashyap, President of the Americas, has been promoted to the position"...

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17 Apr 2019

Finance Minister reviews Egypt's 2019/20 budget in the parliament

CAIRO - 16 April 2019: Minister of Finance Mohamed Ma'it reviewed Egypt's draft budget for new fiscal year 2019/2020 in the Parliament, stating that the draft budget aims to increase the growth rate to about 6 percent, at a cost of LE 6.163 trillion.

Ma'it added"...

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17 Apr 2019

Cabinet denies news of looming economic crisis in Egypt

Cairo: Egypt is not on the verge of a severe economic downturn, the Cabinet has assured.

News of a looming economic crisis as a result of terms of the International Monetary Fund (IMF) and increasing interest"...

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17 Apr 2019

Egypt engages in trade cooperation with Portugal

Cairo: Chairman of the Arab Organization for Industrialization Abdel Monemel Taras held a meeting with Portuguese Minister of Defense Joaa Krauwenho to discuss investment opportunities and issues of mutual concern and exchange experiences.

The"...

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