How much is a vote worth? In Egypt's Sadat City - a sprawling, industrial center filled with the young and unemployed - it costs the same as it did under Hosni Mubarak: blankets, sacks of fertilizer and affordable healthcare.
Four years after (...)
Eighteen people were killed and 18 injured on Wednesday morning when a school bus hit a truck in Beheira governorate in the Nile Delta, Al-Ahram Arabic news website reported.
A school bus carrying students from Al-Orman Hotel and Tourism high (...)
All the investment, technical and marketing studies of global city for trade and marketing will be finalised within 10 days with EGP40 billion investments, The Head of Internal Trade Development Authority (ITDA) Yasser Abbas revealed.
In statements (...)
The board of directors of Delta Insurance Company chairman El-Sayed El-Gohary revealed that his company contracted with bank Audi in order to receive underwriting of its new mutual fund that amounted to EGP100 million capital.
Speaking to Amwal Al (...)
Carrefour plans pumping EGP2 billion fresh investments for 5 years.
Carrefour has 23 total branches, 8 hypermarkets and 15 supermarkets.
Carrefour's City Light in Alexandria inaugurated in August-End with EGP45million cost.
Al-Futtaim Ruled out (...)
Ex-chief army Abdel Fattah al-Sisi is formally sworn in on Sunday, signaling the end of Egypt's roadmap made after the ouster of Islamist-led president Mohamed Morsi in July 4, 2013.
Security forces have been deployed at key locations around the (...)
Broadcom Corp. (BRCM), a maker of communications chips, said it will explore strategic options for its cellular baseband business including a possible sale.
The company has hired JPMorgan Chase & Co. to assist, according to a statement today. A sale (...)
Mr. Ibrahim Sarhan - Chairman and Managing Director of E-Finance Company revealed that the firm will build new headquarters on an area of 6000 meter in Smart Village / 6th October City.
Sarhan has quoted Amwal Al Ghad that the initial cost of the (...)
Marsa Marsa Alam for Tourism and Development SAE (MMAT-CA) (CASE) announced that the General Authority for Financial Control approved to provide underwriting for increasing the company's capital which issued from EGP20 TP egp50 million.
It is (...)
Today, Samsung Electronics announced that Seung-ho Yun has joined the Egypt team as the Managing Director, replacing Duke Park who has been working as Samsung Egypt's Managing Director since 2009.
With over 20 years of working with Samsung, Mr. Yun (...)
Fitch Ratings has affirmed National Bank of Egypt's (NBE), its wholly-owned subsidiary, National Bank of Egypt (UK) Ltd's (NBEUK), and Commercial International Bank's (CIB) Long-term foreign currency Issuer Default Ratings (IDR) at 'B-' and revised (...)
The President of Cyprus N. Anastasiades accompanied by his Foreign Minister and the Energy Minister, have been the guests of honor, on Wednesday 11 December, at a private dinner with Egyptian business men. Piraeus Bank Egypt hosted the (...)
The world's leading organizer of conferences for capital markets and cross border investments, Euromoney Conference 2013 has just kicked off on Monday in Cairo under the title of "Economic Priorities and the Role of Financial Markets" with the (...)
The National Bank of Abu Dhabi (NBAD) has recently awarded three MINI Cooper S Coupe cars and 12 return flight tickets to the winners of the NBAD MasterCard International Spend Campaign.
NBAD MasterCard cardholders Mr. Ahmed AkeelAghanim, Ms. Tanya (...)
Amnesty International has called on Egyptian authorities to ensure that ousted president Mohamed Morsi appears in court and has access to all available resources for his defence.
The Egyptian authorities must ensure ousted President Mohamed Morsi (...)
Lecico Egypt (LCSW.CA), in reference to its press release dated 21 October 2013, has confirmed that Lecico France has been unable to find a buyer for its companies on a going-concern basis and will therefore proceed with bankruptcy proceedings of (...)
Ahmed Najib the Managing Director of Promise insurance brokerage and the spokesman for the Division of insurance brokerage firms (EIBA) that is currently under implementation of a protocol of cooperation between the Division of brokerage firms and (...)
Lecico Egypt (LCSW.CA) confirms that it is considering selling all its group-owned operating companies in France, consisting of Lecico France, Lecico Distribution and Sarreguemines Bâtiment.
Lecico France is the parent of Sarreguemines Batiment, an (...)
Catherine Ashton – the High Representative of the European Union for Foreign Affairs and Security Policy and Vice President of the Commission - issued the following statement on Tuesday, October 9th on the recent violence in Egypt.
"I was deeply (...)
In Egypt, remittances have tripled since 2009, reaching US$20 billion this year to be rank the first in Arab countries and the sixth in the list of top recipients of remittances transferred to developing countries, World Bank Migration and (...)
In a report published today, Moody's Investors Service says that Egypt's Caa1 sovereign rating with negative outlook reflects the country's considerable economic dislocation and political uncertainty, stemming from the January 2011 revolution.
The (...)
More than 250 leading players, key regulators and thought leaders in the regional Islamic insurance industry will be gathering on the 7th and 8th of October 2013 at the Gulf Hotel in Kingdom of Bahrain, for the 2nd Annual Middle East Takaful Forum (...)
New research shows that Africa is lacking in high-quality managers with the skills and competencies to capitalise on the continent's economic potential. Part of the problem lies in the type of management that does exist: the continent needs to (...)
Egypt's rank in the 2013-2014 Global Competitiveness Index (GCI) slid to 118th position (out of 148 countries) from the 2012-2013 position of 107 (out of 144 countries), placing it in the lowest quartile of countries included in the report.
Egypt's (...)
Senior sources have asserted that the Egyptian Foreign Minister, Nabil Fahmy will pay a visit to Russia in mid-September where he will meet his counterpart Sergei Lavrov in order to review bilateral relations in various fields and regional issues, (...)