Egyptian Investment Minister Ashraf Salman has discussed Wednesday plans to carry out petrochemicals project in Egypt with the representatives of the U.S. Export-Import Bank, Export-Import Bank of Korea (Korea Eximbank).
The project is set to be (...)
The Italian ambassador in Cairo, Maurizio Massari said Italian Business Mission will visit Egypt by the end of the current month and it is schedule to include 100 firms working in infrastructure, renewable energy, Agriculture equipment, food (...)
Multiple major Italian companies have expressed keenness to participate in solar energy projects in Egypt within the coming period, said Maurizio Massari, the Italian ambassador to Cairo.
This comes following a meeting between the Italian officials (...)
Head of the Egyptian Federation of investors Mohamed Farid Khamis said the Federation is considering the launch of full area to invest in Suez Canal Axis Development project with EGP1 billion capital.
This area will include the participation of (...)
The Egyptian Holding Company for Pharmaceuticals (HoldiPharma)'s head announced Saturday that affiliates reported 9% increase in revenues to EGP 2.5 billion (US$349.2 million) for the first quarter of current fiscal year.
According to chairman Adel (...)
Deutsche Bank intends to allocate $35 million in grants to Egypt within a total of $150 earmarked for Africa, said Sebastian Kahlfeld - senior fund manager at DWS Investments, the bank's investment arm.
The announcement has been made during his (...)
Huawei Egypt for information and communications technology (ICT) solutions provider is aiming to establish free zone giant project in Egypt within the upcoming period with the aim of launching center for collecting and exporting products in Middle (...)
Saudi-based Construction Products Holding Company (CPC) is planning to pump around US$80 million worth of new investments in Egypt through constructing three plants soon.
Referring to the three projects, Riad Kiwan - Chief Operating Officer at CPC – (...)
Electrolux, the world's No. 2 home appliances maker, is planning new investments amounting to $500 million in Egypt once the country finalises its post-Morsi roadmap.
According to Niazi Sallam, Chairman of Paradise Capital, the Swedish company is (...)
Cairo Financial Holding targets by the end of this year increasing volume of assets under management (AUM) to EGP6.7 billion ($941,5 million), said CEO Ashraf Salman.
CFH Holding's AUM currently stood at value of EGP 4.7 billion.
Speaking to Amwal (...)
Cairo Financial Holding (CFH Holding) plans to manage an IPO for an Egyptian company into the local stock exchange, within next year, CEO Ashraf Salman said on Monday.
Speaking to Amwal Al Ghad, Salman said CFH will manage an initial public offering (...)
Cairo Financial Holding S.A.E. (CFH Holding) is currently capturing total assets under management (AUM) of EGP 7.4 billion, CEO Ashraf Salman said on Thursday.
CFH has a diversity of AUM, through portfolio management and 4 mutual funds to leading (...)
Egyptian Minister of Investment Osama Salah met on Wednesday Abdullatif bin Ahmed Al Othman the third and current governor of Saudi Arabian General Investment Authority (SAGIA) and SAGIA`s deputy director, Prince Saud Bin Khalid Al-Faisal among (...)
Sami Abdul Qadir, general manager of Lafarge Egypt said the total investment cost for transitioning the company's plant to work with coal estimated at EGP700 million.
Abdul Qadir added that Lafarge directed within the last period to start the (...)
EFSA chief to Amwal al-Ghad:
Microfinance draft law to be finalized before submission to Ministry of Social Solidarity
Cooperation with CBE and Finance Ministry of Finance to define market obstacles
Amendments to regulations in bid to boost (...)
Osama Saleh, Egyptian Investment Minister, has paid a visit today morning to the work sites around Rabaa Al-Adaweya mosque, so as to follow up the work progress and the achievements which have been done in the mosque yet.
The minister has visited (...)
A state of ire aroused among the journalists towards the stance of the Prime Minister Hesham Kandil, during inaugurating the trading session this morning. The guards deliberately and savagely kept the journalists away from the PM.
The journalists (...)
The Egyptian Prime Minister Hesham Kandil announced that the International Monetary Fund (IMF) has put no conditions on loan to Egypt. Instead, Egypt will set the economic reform plan and IMF will just review it.
IMF did not condition lowering the (...)
EFG-Hermes said it will announce the date of its extraordinary shareholders meeting with a week. EFG-Hermes added that its ESM aims to provide its shareholder with all the disclosures and details; QInvest buyout deal in particular regarding the (...)
Osama Saleh, minister of investment, decided to pay the second batch of the annual reward before Eid El Fater (Islamic feast) to the workers in the textile companies, affiliate of the public sector.
The delegated minister approved two months ago on (...)
The former presidential candidate Amr Moussa said the latest changes ended the duplication of the power in Egypt. Assigning new officials that commit to the new regime's policies has also made changes.
Moussa called on President Morsi to be decisive (...)
Osama Saleh, minister of investment, said the ministry reopened the settlement file among a number of Egyptian, Arab and foreign businessmen.
Saleh added that the ministry will continue its plan which aims at developing the public sector's company; (...)
Egypt and Libya agreed on taking control of the joint border-crossings to prevent the processes of smuggling goods and commodities which negatively affect the two countries' domestic industries, besides the negative influence in Egypt's incomes from (...)
Judge Ragaee Attia said Mustafa Bakry's resignation from Egyptian People's Assembly is invalid because the council is dissolved last June by the verdict of the Supreme Constitutional Court.
The resignation of Mustafa Bakry, a member of the dissolved (...)
Finance Minister Momtaz Saeed has decided to speed up the process of allocating EGP 500 million's provision for the Ministry of Supply and Internal Commerce as the fourth payment to purchase local wheat. The Ministry of Finance (MOF) has provided up (...)