The Egyptian General Petroleum Corporation (EGPC) formed a new committee to valuate the assets offered by the Ministry of Public Enterprise Sector to settle the debts owed by the ministry's subsidiary companies to the EGPC.
A government source told (...)
The Ministry of Petroleum and Mineral Resources provided a list of five companies to the Ministry of Investment and NI Capital—a subsidiary of the National Investment Bank and manager of the propositions programme—to begin procedures for offering (...)
Egyptian Prime Minister Sherif Ismail is to inaugurate the 3rd Annual PPP Investment Summit Egypt that will take place on Monday 19-20 Octoberat Four Seasons Hotel Nile Plaza.
The two-day summit will be inaugurated with the participation of (...)
Finance Minister Hany Qadri Demian is to head the Egyptian delegation to the United Nation's Third International Conference on Financing for Development being taken place in Addis Ababa, Ethiopia on July 13-16, 2015.
The Third International (...)
Palm Hills Developments has signed a contract with Madinet Nasr for Housing and Development (MNHD) to establish comprehensive housing project in eastern Cairo near to the new administrative capital.
The new administrative capital is to be located (...)
Lekela Power Company (Lekela) has signed Sunday two Memorandums of Understanding (MoUs) with Egypt's New and Renewable Energy Authority (NREA) to generate 100MW from renewable energy.
The two MoUs target producing 50MW from solar power in Aswan (...)
Egypt's second largest state-run bank, Banque Misr (BM) is looking forward to registering a one billion Egyptian pounds growth to eventually hit 3.5 billion pounds (US$ 458.8 million) of net profits within the current fiscal year 2014/15, Chief (...)
The trade exchange volume between Egypt and Russia reached US$ 5.5 billion and it is expected to raise, Andrey Belyaninov Head of Federal Customs Service of Russia announced.
Belyaninov said raising the exchange between the two countries is (...)
Egypt will take part in the Committee on the Customs Union, being taken place on 5-6 February in Nairobi, Kenya.
A Customs Union is a merger of two or more customs territories into a single customs territory, in which customs duties and other (...)
Egypt will start launch of 19 logistics developer centres to ease customs clearance procedures, minister of finance announced on Saturday. This move comes within the Egyptian finance ministry's plans to control custom borders and fight against (...)
Huawei Egypt 's business volume reached US$500 million in the current year in compared to US$470 million in the last year, said Ahmed Nabawy, Solution Manage at Huawei.
Speaking to Amwal Al Ghad on Thursday, Nabawy added that Huawei cooperates with (...)
Egyptian Finance Minister Hany Kadry said the total budget deficit ups 12.6% of the GDP registered EGP252 billion in the FY13/14 in compared to EGP240 billion in the last year FY12/13, Kadry explained.
The targeted deficit from the beginning of the (...)
El Shams for Housing and Development Co SAE (ELSH.CA) is seeking attaining EGP40 million by the end of the year in compared to EGP34 million in 2013, Chairman Mahmoud Maghawri revealed.
In statements to Amwal Al Ghad, Maghawri added that the (...)
Heliopolis Company for Housing and Construction (HELI.CA) achieved EGP171million net profits within the period from July to May (2013/2014) registering 32.5% increase in compared to EGP129.6million in the same period of the previous year.
A copy of (...)
Egyptian Finance Minister Hany Kadry will be holding today a press conference in order to announce for the new budget and a Package of reforms, which included.
The Ministry stated that President Abdel Fattah al-Sisi approved a revised and tightened (...)
On behalf of the Egyptian Finance Ministry, Central bank succeeded today in selling 91-and -273day with EGP5.5billion.
Throughout its official website, the Ministry stated that the first offering 91-day reached EGP2billion registering 10.449% (...)
On behalf of the Egyptian Finance Ministry, the Central Bank of Egypt will offer tomorrow 182 and 364-day treasury bills worth EGP 6 billion.
Throughout its official website, the CBE stated that the first offering; 182-day is at value of EGP 2.5 (...)
On behalf of the Egyptian Finance Ministry, the Central Bank of Egypt will be offering today 182 and 357-day treasury bills worth EGP 6 billion.
Throughout its official website, the CBE stated that the first offering; 182-day is at value of EGP 2.5 (...)
The Egyptian Finance Ministry issued timetable for issuing governmental securities within the fourth quarter of the current fiscal year of 2013/2014, so the total issues reach up EGP205 billion compared to EGP203 billion in the last quarter.
The (...)
Egyptian Finance Minister, Hany Qadry will fly to Washington US by the next April in order to review the Egyptian economic conditions and opportunities.
The Minister will discuss the reforms with major leaderships US firms which will be conducted by (...)
Atter Hannoura , Director of PPP Central Unit, Ministry of Finance:
‘We managed to sign the Smouha Maternity University Hospital & Blood Bank project at a cost of EGP 2.5 billion in spite of the current turmoil.'
Atter Hannoura, Director of the PPP (...)
The Egyptian Finance Ministry will offer tomorrow throughout the Central Bank of Egypt (CBE) 91- and- 273 day treasury bills worth EGP 5.5 billion.
The Ministry has scheduled to sell 91-day treasury bills with EGP 1 billion, and 273-day with EGP (...)
The minister of industry and foreign trade, Mounir Fakhry Abdel-Nour, has revealed that he agreed with the Finance Minister, Ahmed Galal to pump EGP 930 million in order to provide facilities for 22 industrial zones within the coming (...)
Mohamed Al Suwaidi, Chairman of the Federation of Egyptian Industries, has revealed that the federation showed a Memorandum on the Finance Minister, Ahmed Galal, in order to unify the sales tax of the products by 10%.
Al Suwaidi has emphasized that (...)
Egyptian Industry and Trade Minister, Mounir Fakhry Abdel-Nour, has revealed that the government selected the National Bank of Egypt (NBE) and Banque Misr in order to pump EGP 500 million to provide short-term financing for the defaulted factories (...)