Germany decided to disburse the second tranche of the German Government Owned Development Bank's (KFW Group) soft loan to Egypt, authorised by the German government, which was worth more than $250m, according to a press statement by the German (...)
Egyptian hotels in different governorates, such as Cairo, Hurghada, Sharm El Sheikh, and Alexandria saw an average revenue per available rooms (RevPAR) growth of 42% in 2018 compared to 2017, according to Colliers International's MENA Hotel Forecast (...)
The UAE-based Emirates National Oil Company (ENOC) announced plans to expand its aviation operations in Egypt through the acquisition of a share in the jet fuel hydrant system at Terminal 2 of Cairo International Airport, according to press (...)
RE/MAX, the real estate franchise, declared the launch of RE/MAX Corporate, which aims to boost the real estate exports market.
The company also announced plans to increase its sales by 80% in 2019, targeting EGP 6bn.
In its first year, RE/MAX (...)
The Ministry of Trade and Industry hosted the first meeting to formulate new version of the Export Support Programme, with the participation of the heads of Export Councils.
The minister of trade and industry, the advisor for SMEs, and the general (...)
Alassema for Construction company plans to launch the Medical Capital City (MCC) project in the New Administrative Capital with EGP 750m in target sales.
The MCC project is an integrated medical city on 3,500 sqm and will be launched for sale in the (...)
The Egyptian Commercial Service Office (ECS) plans to organise a trade mission to Uganda in March, according to Ahmed Antar, head of the ECS.
Antar told Daily News Egypt that the ECS is organising several trade missions during the current year (...)
Egypt and Germany have signed a joint document to promote an economic partnership between the two countries in the areas of industry and trade policies, investment, energy, environment, transport, infrastructure and tourism.
Egypt's Trade and (...)
Technopolis Moscow, a Russian industrial developer company, plans to deliver a masterplan for the Russian Industrial Zone in Egypt (RIZ) to the Suez Canal Economic Zone (SCZone) in the middle of the year.
Amir Abdel Ghaffar, the head of projects at (...)
German Vice-Chancellor, Federal Minister of Economic Affairs and Energy, Peter Altmair, expressed his country's interest in promoting economic relations with Egypt as it one of the main partners of Germany in the Middle East region and in Africa.
He (...)
Hassan Allam Holding targets accomplishing EGP 30bn worth of works, according to the company's CEO, Hassan Allam.
Allam told Daily News Egypt that 70% of the company's works are state projects and the rest are private sector projects.
He pointed out (...)
A delegation from Administrative Capital for Urban Development company (ACUD), comprising of the Head of the real estate sector and the spokesperson of ACUD, travelled to Austria and France on Saturday to communicate with the Egyptian community (...)
Marseilia Group has signed a contract to develop an integrated urban development project in the New Administrative Capital (NAC), in cooperation with Misr for Investment and Urban Development Company, with total revenues of EGP 5bn.
Sherif Heliw (...)
The Federal Minister for Economic Affairs and Energy, Peter Altmaier, is visiting Egypt from 2 to 4 February, accompanied by an economic and a parliamentary delegation, according to a press statement on Thursday.
The German embassy in Cairo said (...)
Egyptian exporters suggested some financial and technical mechanisms to settle the government's accumulated dues owed to them, during a meeting with Prime Minister Mostafa Madbouly, the Minister of Trade and Industry, and the Industrial Development (...)
Khaled Abbas, the deputy minister of housing for national projects, told Daily News Egypt (DNE) that the ministry of housing is currently studying other alternatives for the mortgage finance system which was allocated by the Central Bank of Egypt (...)
Ahmed Shalaby, the managing director and board member of Tatweer Misr, said that service apartments target foreign customers who are looking for complete finishing and furnishing, and are fully equipped to live in.
During the Branded Residences (...)
The Ministry of Housing aims to achieve a total $4bn of real estate export within three years, Deputy Minister of Housing for National Projects, Khaled Abbas, said on Wednesday.
He added that the Egyptian real estate export requires more effort and (...)
RFCO for Construction and Development launched the third phase of IL Mondo project in the New Administrative Capital, with aims to achieve sales of EGP 2bn, the Chairperson of RFCO, Ramy Fares, said.
During a press conference held on Tuesday, Fares (...)
The European Union (EU) is keen to support Egypt's vision to become a regional gas hub. Furthermore, the EU supports the country in potentially using Egyptian liquefied natural gas (LNG) facilities in Idku and Damietta in order to export gas and to (...)
It is estimated that by 2030, one in five people will be African. Given the continent's population size, Africa's labour force has the potential to prompt the global growth for decades. However, in order to do that, Africans must implement the (...)
Real estate developers predicted that in 2019 the real estate sector will witness a state of relative stability in sales as a continuation of the last quarter of 2018. They stressed that if fuel prices rise, this will reflect a 15% increase in real (...)
The European Union has launched a 3-year project with funds valued at €3.1m aimed to transform the Egyptian Museum of Cairo (EMC), according to a press release on Sunday evening.
The EU noted that the project will provide a unique collaboration (...)
Last week, Prime Minister Mostafa Madbouly met French Minister of Economy and Finance Bruno Le Maire and his accompanying delegation in preparation for the upcoming visit of French President Emmanuel Macron to Egypt.
During the visit, Madbouly (...)
Beltone Financial Holding filed a declaration to leave the dispute and waive the proceedings against the Egyptian Financial Supervisory Authority (EFSA) yesterday in the Administrative Court, which is reserved for the report of the (...)
