The Tahya Masr (Long Live Egypt) Fund, originally initiated by President Abdel Fattah al-Sisi to support national economy, is establishing a holding company by end of next January.
According to Mohamed Ashmawy, executive director of the fund, the (...)
Societe Arabe Internationale de Banque (SAIB) will be signing its first Shariah-compliant agreement upon the Musharaka system with Egypt's Social Fund for Development (SFD) by early 2016.
According to Nevine Gamea - Head of SFD's Central Sector for (...)
The Tahya Masr (Long Live Egypt) Fund, originally initiated by President Abdel Fattah al-Sisi to support national economy, has received so far contributions and donations totalling 6 billion Egyptian pounds (US$767 million).
Mohamed Ashmawy, (...)
The total investments of Bavarian Auto Group in Egypt have reached US$ 300 million, its chairman told Amwal Al Ghad Tuesday on the sidelines of the second annual Egypt Automotive summit.
The Bavarian Auto Group is considered one of the largest (...)
Egypt is seeking to increase its production of automotives to produce million cars by 2025, the country's industry minister Tarek Qabil said Tuesday.
Qabil further said in a keynote speech at the second annual Egypt Automotive Summit kicked off (...)
Cairo and Rome have signed Thursday a protocol on cooperation that aims to help Egypt to launch its own commodities exchange.
Egyptian Minister of Supply Khaled Hanafy has signed the protocol in the presence of Andrea Zanlari - Chairman of the (...)
The National Bank of Egypt (CBE) is in talks with the Social Fund for Development (SFD) to receive EGP 90 million finance.
The finance will go for non-governmental organizations (NGOs) to lend micro-enterprises, said Saad Mohy El-Din, deputy head of (...)
The Social Fund for Development (SFD) aims at financing 500 projects through the franchise finance gateway which will be launched in the upcoming period in collaboration with the National Bank of Egypt (NBE), Industrial Development and Workers Bank (...)
Egypt's Mo'men Group is pursuing to establish 8 new branches at EGP 25 million investment costs in 2013. The 8 new branches are divided into 4 branches by the franchise system and the other 4 branches by the Group's private investments.
Mohamed (...)
There was quite a variety of interesting topics discussed on Egypt's talk shows Thursday night. Amr Khaled, the Islamic preacher, hosted Mohamed el-Baradei, a potential presidential candidate, on his show “Bokra Ahla” (Tomorrow is better). Rola (...)
Hundreds of employees of state-run information centers staged a protest on Monday in front of their trade union headquarters--despite heavy security--to demand that the government make good on earlier promises of salary raises and benefits.
This (...)
Egypt's National Democratic Party (NDP) members are submitting applications to party offices throughout the country, declaring their intentions to run in the upcoming People's Assembly elections.
A large number of government officials and ministers (...)
Around 250 workers from the Amonsito Company organized a protest yesterday in front of the Supreme Court and filed two reports to the attorney general demanding the enforcement of an agreement they had reached with Minister of Manpower Aisha Abdel (...)
Anger is mounting among workers protesting in front of the Egyptian parliament. A group of laborers from the Amonsito Textile Company, who say they have gone 26 months without receiving back pay, tore off their clothes yesterday in an attempt to (...)
Officers from the Information and Decision Support Center (IDSC) who are in the third day of their sit-in strike in front of the People's Assembly said they have been threatened by their general managers who said they would fire all participants of (...)
Workers of the Maasara Telephone Equipment Manufacturing Company staged demonstrations on Tuesday, accusing the government of ignoring their demands. The 1200 workers say they haven't been paid salaries for four months. They also demand that their (...)
Workers from Amonsito textile company continued their sit-in strike for the 19th day in front of the Shura Council making this the third week they have performed Friday prayers on Qasr el-Aini Street in downtown Cairo.
Parliament failed to reach an (...)
In Egypt, any car, especially a good one, comes at a high premium, so it's important to do your research before you chose which one to purchase.
There are essential factors prospective car buyers should consider, and in Egypt's rapidly expanding (...)