CAIRO: The work of ACE Moharram Bakhoum, an engineering consultancy company, can be prominently seen around Egypt. You may not realize it, but you know their work well: whether you're shopping in CityStars, driving on the Ring Road or looking (...)
CAIRO: If Cairo's metro is part of your daily commute, you might have noticed recent developments in services, from renovated platforms to a more efficient staff.
You might have also heard the regular public announcements that keep passengers (...)
Egypt's Financial Sector Reform Fund has been the subject of a fierce debate in the local media over the last few months, mainly due to its chairman's refusal to allow the Central Auditing Agency (CAA) to audit its final financial statement.
The (...)
Egypt's central bank announced earlier this month that shifting to a Basel II capital adequacy framework will be the main focus of the next wave of banking reforms.
Central Bank Governor Farouk El-Okdah said Egypt will begin implementing a new (...)
CAIRO: Egypt's Arab Cotton Ginning Company (ACGC) is splitting off its real estate holdings from its core cotton production business by offering its land for real estate projects, chairman Hani Olama said in conference Sunday.
The new real estate (...)
CAIRO: Egypt's central bank launched Sunday a core inflation index, which excludes prices of some commodities and aims to improve inflation forecasts.
"The core inflation index will take effect starting January, Hisham Ramez, Central Bank of (...)
CAIRO: IGI Real Estate, a wholly-owned subsidiary of the International Group for Investment (IGI), launched Wednesday a LE 5 billion middle-income residential development.
Kenanah, to be located in Sixth of October city, aims to cater to the (...)
CAIRO: The Egyptian Stock Exchange resumed trading on six of 32 stocks it had suspended last week due to what it said were unjustified price increases, according to local news reports.
The remaining stocks will be suspended until the companies (...)
CAIRO: Despite its tendency to fluctuate, the return on investment (ROI) on mutual funds is typically higher than interest rates on bank deposits, officials from Cairo-based investment firm HC Brokerage said at a workshop this week.
In 2005, the (...)
CAIRO: Shortly after taking on his new position as director of Al-Ahram Center for Political and Strategic Studies (ACPSS), Gamal Abdel Gawad already identified his main challenge - reaching out to the public.
"We [at Al-Ahram Center] have been (...)
CAIRO: Printing solutions provider Lexmark lunched Monday five new products in Egypt, which are also debuting in the Middle East market.
At a press conference, company officials also announced a new strategy in Egypt, including expanding the (...)
CAIRO: Despite government measures to mitigate the effects of surging global sugar prices, they are steadily continuing their upward trend in the local market.
Since the beginning of the year, sugar prices have shot up 100 percent in Egypt, (...)
OHIO: After a three-day conference that brought 26 energy experts together with 30 specialized reporters from all over the US, one would expect to walk away with a lot of answers to the energy challenges facing our world.
However, at the end of (...)
CAIRO: "2009 was a much better year than anticipated, and this was an enormous relief, Ahmed Badrawi, chief business development officer at Sixth October for Development and Investment Company (SODIC), said.
Badrawi spoke on a panel of developers (...)
CAIRO: Investment bank CI Capital launched Tuesday a new individual portfolio management service called Made to Measure (MTM).
During a workshop at the Euromoney Egypt Conference, officials from CI Capital Asset Management introduced the features (...)
CAIRO: Egypt's central bank is set to finalize the regulatory framework for mobile money transfer within two weeks, officials said.
The draft legislation has been finalized by the main stakeholders, Ahmed Faragallah, head of payment systems at (...)
CAIRO: Egypt will offer two licenses that will introduce a new telecom service to the country and boost competition in the sector, Minister of Communications and Information Technology Tarek Kamel said Wednesday.
Two consortiums will be invited (...)
CAIRO: Egypt is ready to leave the financial crisis behind - as well as the food crisis before that - and move forward with reform, Prime Minister Ahmed Nazif said Wednesday
The country needs to focus on four sectors: education, health care, (...)
CAIRO: The main challenge facing the pubic-private partnership (PPP) business model in Egypt is local funding, said Rania Zayed, advisor to the ministry of finance and director of the PPP Central Unit.
Speaking at the Euromoney Egypt Conference (...)
CAIRO: For many years, the Nile River has been Egypt's main vein, acting as a source of water, food and even leisure. However, soon the Nile will play another pivotal role for Egyptians as the private sector shows interest in investing in river (...)
CAIRO: Egypt's urban consumer inflation declined to 9.04 percent in the year to August 2009, from 9.98 percent the previous month, according to data released by the government statistics agency CAPMAS.
On an annual basis, food prices remained (...)
CAIRO: Hazem Zaki Hassan of KPMG was named the chief of the Board of Trustees of the General Authority for Investment and Free Zones (GAFI), according to a statement on the investment ministry's website.
Prime Minister Ahmed Nazif announced (...)
CAIRO: Minister of Investment Mahmoud Mohieldin started on Sunday a week-long visit to China to promote Egyptian Chinese relations.
No exact figure has been released by the ministry of investment on the number of people joining the delegation, (...)
CAIRO: Egypt launched Tuesday a new service allowing for the e-registration of companies, a long awaited step to facilitate the registration of startups and eliminate red-tape in a bid to improve the country's business environment.
The service (...)
CAIRO: Egypt plans to amend its mortgage finance law to facilitate access to funding particularly to youth, Investment Minister Mahmoud Mohieldin told local press.
The amendments will be presented to Prime Minister Ahmed Nazif within weeks, and (...)