The Egyptian government is slowly moving closer to increasing the domestic energy supply and restarting liquefied natural gas (LNG) exports, as the government continues negotiations with Shell to raise the volume of gas sent to the Idku LNG plant. (...)
The economic picture brightens somewhat for emerging markets after a period of volatility as eight of the top 10 recipients of Greenfield foreign direct investment (FDI) were developing economies. Between January and July, India, China, and (...)
Madinet Nasr Housing & Development (MNHD) announced Monday that its Contracted Sales figures for the month of September reached a record growth rate of 787%, an estimated EGP 372m.
This announcement follows MNHD's August 2016 Sales Flash Note, when (...)
In conjuncture with Emirates NBD, IHS Markit released their Purchasing Managers' Index (PMI) for the health of the non-oil private sector on Wednesday. The report found that Egypt's non-oil private sector has seen a 12-month downturn in business (...)
Beltone Financial Holding, one of Egypt's top investment banks, announced today that it has acquired a 60% stake of Auerbach Grayson & Company, LLC—a New York-based brokerage firm specialising in global trade and exclusive in-depth research on (...)
After a weekend of swirling rumours of a major devaluation of the Egyptian pound following a report released by Beltone Financial and a speech by President Abdel Fattah Al-Sisi of which analysts claimed the president hinted at an exchange rate (...)
Egypt's insurance market should see strong premium and profit growth in the next 12-18 months, aided by the country's gradual economic recovery, according to a report by Moody's Investor Services released Wednesday.
"The Egyptian insurance market (...)
The Cato Institute, a libertarian and free trade think tank and major public policy adviser founded by the Koch brothers, released its annual report on the levels of economic freedom in the world. The report measures indicators of economic freedom, (...)
Booz Allen Hamilton released a report entitled The New Economic Norm: How Egyptian Banks Must Adapt to Thrive, in which analysts gave their recommendations on how Egypt's banking sector can improve at this critical moment in time. The report lays (...)
What began as a contaminated batch of frozen strawberries has now snowballed into a trade war with the US, Saudi Arabia, Russia, Sudan, United Arab Emirates, Jordan and Kenya. Egypt has scrambled to backtrack on policies that resulted in hostilities (...)
Philip Morris Misr, the second largest Tobacco company in the world, announced the official list of its cigarettes prices in the upcoming period, following the ratification of the value-added tax (VAT) and the minister of finance's decree regulating (...)
Refugees have become the major focus of the international community at the United Nations (UN) general assembly this week, with calls for unified action on the greatest refugee crisis since World War II. Calls for increased aid to countries hosting (...)
In his five months as managing director for LG Electronics Egypt, Kwack has gained firsthand experience of doing business in Egypt at potentially the most difficult point in Egypt's business history. Thus, it's surprising that he—not to mention the (...)
Egypt's current economic troubles and reform efforts have been the main topic of discussion in a slew of articles recently, many of which pin the blame on the country's ruling regime, such as Bloomberg's "Egypt's Failing Economy is Sisi's Fault". (...)
The launch of 4G licences in Egypt will help boost low user revenue for telecom companies and improve service quality, which will be a boon for businesses. Mobile network operators (MNO) will be upgrading their infrastructure in preparation for (...)
Ernesto Preatoni, owner of Domina Coral Bay Resort and one of the leading foreign investors in Sharm El-Sheikh, has embarked on a new initiative to revive Italian tourism. Preatoni had previously played a prominent role in promoting the resort city, (...)
Egypt dropped for the 11th month straight in August in the Purchasing Managers' Index (PMI), according to a report by Emirates NDB and Markit IHS.
Emirates NDB, in consort with Markit IHS, released their Markit PMI, which surveys the health of (...)
International creditors are on a tour of the Middle East and North Africa, preaching that the keys for development and prosperity are the implementation of free market liberalisation that will usher in an age of global cooperation. While the world's (...)
President Abdel Fattah Al-Sisi will be in China this week for the run-up to the G20 conference in which Egypt was invited as a guest of honour by Chinese president Xi Jinping during his visit here in January.
Egypt will also participate in the (...)
On Monday, the House of Representatives passed the proposed value-added tax legislation.
The only amendment to the draft legislation was proposed Sunday by the Finance Ministry, which was to reduce the rate to 13% in the first year of (...)
Beltone Market Maker, a subsidiary of Beltone Financial Holdings, one of Egypt's leading investment banks, has begun providing market-making services in Orascom Construction's shares on Nasdaq Dubai, a Dubai-based stock exchange that lists regional (...)
Today, representatives from Africa and Japan met in Nairobi, Kenya for the sixth Tokyo International Conference on African Development (TICAD VI) to discuss Japanese developmental assistance to the continent.
A $30bn development assistance programme (...)
The credit rating agency Fitch Ratings upgraded Wednesday DP World Sokhna Limited's long-term issuer default rating (IDR) to BBB from BBB- indicating good credit quality. Fitch also upgraded DP World's short-term credit from fair to good and (...)
Booz Allen Hamilton, the global consulting and technology firm, has highlighted the most significant threats to industrial control systems (ICS) in 2016 and 2017, and the most effective measures to counter them, in a recent report titled Industrial (...)
UN Resident Coordinator and UNDP representative Mostafa Benlamlih and Minister of International Cooperation Saher Nasr sat with a panel of journalists for a roundtable discussion on Egypt's accomplishments in the Millennium Development Goals (MDGs) (...)