The New Suez Canal extends along 35km parallel with the core Suez Canal, and originated as a parallel branch coming out of the main canal.
The new canal was established to increase Egypt's national income of hard currency, and to achieve a greater (...)
Daily News Egypt interviewed Omega Soft CEO Ashraf Ateya to talk about the services the company provides to the Suez Canal Authority (SCA) after the official opening of the new canal on Thursday.
What is Omega Soft Projects?
Omega Soft Projects was (...)
Daily News Egypt talked to Naji Jreijri, CEO of ABB Egypt, North and Central Africa, on the company's contribution in new projects announced in the Economic Summit.
What is the size of ABB's business in Egypt?
We have five factories in 10th of (...)
After the 25 January Revolution, various initiatives called for launching voluntary funds to support the economy. These initiatives surpassed five funds, starting with the 25 January Fund launched by former minister of finance Samir Radwan. The (...)
Global MasterCard and Visa authorised E-Finance to issue and print e-cards for all banks and international financial institutions, members of both international organisations, through the company's card issuance centre.
E- Finance Chairman Ibrahim (...)
The Egyptian Stock Exchange (EGX) signed a memorandum of understanding (MoU) with the General Authority for Investment and Free Zones (GAFI) Monday.
The MoU aims to spread awareness of the EGX's role as a platform to finance small and medium-sized (...)
By Shaimaa Elise and Rana Yehia
Mohamed Abdel Raouf, a board member of the Egyptian Federation for Construction and Building Contractors (EFCBC) said that Egyptians have a strong will to achieve their goals and build the New Cairo Capital, which (...)
Facilities works and roads for the 1,000 factories project in New Cairo are being finalised, announced Minister of Housing Mostafa Madbouly on Sunday.
Madbouly added that the New Urban Communities Authority (NUCA) represented by the New Cairo City (...)
The Ministry of Industry and Foreign Trade announced it has finalised an executive regulation of Law 5/2015 to create a preference for Egyptian industrial products in government contracts.
The regulation was sent to the Egyptian State Council for (...)
By Mostafa Fahmy, Shaimaa Elise and Marwa Mefreh
The Ministry of Investment has received a list of approximately 100 projects from Upper Egypt, to be debuted in the "Upper Egypt Development" Conference to be held in September in Hurghada.
Minister (...)
A Russian business delegation visited the Construction Products Company (CPC) on Tuesday to determine whether the industrial development company will be capable of developing a Russian industrial zone in Egypt.
Director of the CPC, Mohammed Masoud (...)
The Suez Canal Authority will begin implementing the National Project for Fish Farming in the Canal Zone, according to Suez Canal Authority (SCA) Chairman Mohab Mamish.
Mamish said the authority has started establishing 460 fish farming ponds, out (...)
The Ministry of Housing has completed the design studies to implement the first phase of a new road linking the Assiut plateau with the Western Desert and Eastern Desert roads.
The project's first phase will see the completion of 22km of the road, (...)
The money pool, commonly known as the "Gamaaya", is a community where members borrow and save money together. The lack of bank benefits, of which many poor people and borrowers cannot make use, has caused people to participate in money pools, an old (...)
Prime Minister Ibrahim Mehleb will head an economic and industrial summit in the Northern Italian city of Milan on Thursday.
The summit has been organised by the Italian-Egyptian Business Council to highlight the latest investment opportunities in (...)
The General Authority for Supply Commodities (GASC) is offering an international tender to purchase 55,000 to 60,000 tonnes of wheat from global suppliers for shipment in the period from 1 to 10 September.
GASC announced on its website Monday that (...)
The cabinet cancelled a decision banning cotton import to Egypt on Wednesday. During a cabinet meeting headed by Prime Minister Ibrahim Mehleb, which was still ongoing at the time of print, the door for importing cotton and conducting studies to (...)
The Ministerial Economic Committee will acquire the declared EGP 5bn to support the exports sector as promised,announced Chairman of the Federation of Egyptian Industries (FEI), Mohammed Al-Suwaidi.
Al-Suwaidi said that, although the Ministry of (...)
The Real Estate Investment Division and the New Urban Communities Authority (NUCA) are currently negotiating the draft real estate regulation put forward by the Housing Ministry last week.
Real Estate Investment Division CEO Mamdouh Badr El-Din said (...)
The Egypt Scientists Council (ESC) succeeded in increasing the production of wheat through obtaining 37 wheat ardebs per acre, despite the production per acre not exceeding 18 ardebs, according to Deputy Secretary of the Board of Directors Ahmed (...)
Minister of Finance Hany Kadry Dimian said that the Civil Service Law ensures periodic increases in the wages of state administrative agencies' employees.
Dimian added that the bonus will be in the range of 5% of the job wage, which is equivalent to (...)
Omega Soft Company and the Suez Canal Authority have commenced negotiations to supply special project management solutions in the new Suez Canal, according to Ashraf Attia, Omega Chairman and Managing Director.
Attia added that the company will also (...)
Export councils have agreed on the importance of increasing and supporting Egyptian exports abroad, as it will lead to the launching of new export markets for Egyptian companies.
In this regard, the Egyptian Furniture Export Council (EFEC) is (...)
Greek Prime Minister Alexis Tsipras declared Wednesday that Greece will reach an agreement that helps the country avoid exiting the Eurozone by deadline on Sunday.
Tsipras assured the European Parliament that he will deliver sweeping reform (...)
Emaar Egypt's shares were traded at EGP 3.71 per share, lower than the price of their initial public offering (IPO), on the second day of Egyptian Stock Exchange (EGX) trading.
Trading on the construction company declined at the end of trade on (...)