The Central Bank of Egypt (CBE) announced on Tuesday offering two-year loans for hotels and touristic establishments with a six-month grace to pay salaries of workers and to fulfil other obligations, such as maintenance work.
On 8 January, the CBE (...)
The US dollar continued to decline on Tuesday, below EGP 16, reaching EGP 15.98 to buy and EGP 16.08 to sell on average at banks on Tuesday, according to the Central Bank of Egypt (CBE).
The American currency declined on Monday against the Egyptian (...)
The Ministry of Petroleum and Mineral Resources will present the executive regulations of the Mineral Wealth Law to the cabinet for ratification in November, said Tamer Abu Bakr, head of the Petroleum and Mining Industries Chamber in the Federation (...)
In September, the government launched the Industrial Land Bank Portal, which is prepared by the cabinet, in cooperation with the Industrial Development Authority (IDA), and the New and Urban Communities Authorities (NUCA).
The establishment of the (...)
Since the beginning of this year, the iron industry has been subjected to a legal battle started by integrated steel plants and hot rolled steel manufacturers after the Ministry of Trade and Industry issued resolution no. 346 in April imposed, a (...)
The Eastern Mediterranean Gas Forum (EMGF) plays a major role in supporting political and economic stability among member states and helps fruitful cooperation between countries, including Egypt, Israel, Turkey, Cyprus, and other countries, US (...)
A comprehensive study is under preparation of the information technology (IT) sector in Egypt, including possible risks and the enforcement policies of the Competition Protection Law in this sector, head of the Egyptian Competition Authority (ECA), (...)
Harvest Foods Egypt aims to increase exports by 35% this year by opening new markets.
The company's Exports Director, Mohamed Abdel Hamid, said that they achieved exports worth $5.4m last year across 25 countries.
He added that the company plans to (...)
Four countries including Egypt, Uganda, Kenya, and South Africa, have ratified the Tripartite Free Trade Area Agreement (TFTA) among the COMESA, the EAC, and the SADC, Secretary-General of the COMESA, Chileshe Kapwepwe, said on Tuesday.
She informed (...)
Misr for Industry and Trade (Mintra) will establish the first integrated factory for sports shoes in Africa, the Middle East and Europe, specialised in producing shoe materials and final product, before the end of this year.
Hany Qesses, the (...)
Polaris International Industrial Parks aims to attract investments of EGP 200bn by 2028. Polaris Deputy General Manager Basel Shaera said that the company has an investment portfolio of six projects that attracted investments of EGP 20bn.
At the (...)
E-marketing can bring about a "revolution and qualitative leap" in intertrade between Egypt and the United States, as well as between other countries, in the case of a good marketing base, said Venkatesh "Venky" Shankar Coleman, chair professor of (...)
Elsewedy Development intends to expand by launching many promising industries in new industrial parks that the company has acquired recently, according to the CEO of Elsewedy Development Mohamed Alkammah.
Daily News Egypt sat down with Alkammah for (...)
The United States is actively working with Egypt to enhance trade relations between them and expand their bilateral trade flow, said Minister Counsellor for Economic Affairs at the US Embassy in Cairo James Boughner. He added, in response to emailed (...)
The Construction Products Holding Company Egypt (CPC), which is part of the Saudi Binladin Group, is negotiating with the Suez Canal Economic Zone (SCZone) to acquire 2.5m sqm of land in Ain Sokhna.
Mohammed Al-Yafi, general manager of CPC, said (...)
Fine Hygienic Holding plans to increase its market share in the sanitary napkins sector to 50% within two years.
Ahmed Al Kattan, commercial sector manager for Egypt and the Middle East, said Fine has launched an ambitious investment plan to reach (...)
The Industrial Modernisation Centre (IMC), affiliated with the Ministry of Trade and Industry, has completed transferring the first six companies in the industrial sector to Union Capital to ink their restructuring plans, as part of a plan to save (...)
East Port Said Development Company is set to receive 250,000 sqm of land from the Suez Canal Economic Zone (SCZone) in April.
Ahmed Al-Mufti, general manager of commercial affairs at East Port Said Development Company, said that the SCZone will hand (...)
Minister of Trade and Industry Tarek Kabil said that the approval of the draft law on the Industrial Development Authority (IDA) reflects the fruitful cooperation between the ministry and parliament's industry committee.
Kabil noted that the draft (...)
Dakar – Egypt's Commercial Bureau in Senegal is seeking to increase Egyptian exports to $65-70m by the end of 2018.
Bassem Farouk Badr, head of the Commercial Bureau of the Egyptian Embassy in Senegal, said the bureau had drawn up its ambitious plan (...)
The governments of Egypt and the US have looked into preparing the legislative environment and developing the quality and specifications systems in order to achieve the maximum utilisation of the bilateral trade agreement between the two (...)
After 10 years of suspension, the Industrial Development Authority (IDA) revived the industrial development companies, based on new conditions and controls to avoid repeating previous mistakes that were brought up by a number of investors, and led (...)
The alliance of ARDIC for Real Estate Development and Investments, Polaris Al Zamil Industrial Park (PZIP), and SIAC Holding is working on establishing a new company within the next six months. The new entity would follow up on building facilities (...)
Minister of Trade and Industry Tarek Kabil said that his ministry, represented by the Industrial Development Authority (IDA), granted more than 2,000 industrial licenses during the three months that followed the passage of the Industrial Licensing (...)
The new Investment Law will help support projects and push investments, according to Hazem Badran, the group's co CEO in CI Capital, during a Q&A in the Euromoney Conference in Cairo in the second session "Euromoney in conversation with financiers (...)