Egypt to witness huge growth in electronic payments in next 5 years: EMP chairman, Actis partner
The 5th Emerging Markets Payments Conference (EMPC) kicked off on 26 September in Sharm El-Sheikh, gathering key decision makers from banks and electronic payment companies across the Middle East and Africa to discuss opportunities and read the rest…
Read More →Edita Food Industries to go for new IPO: Actis partner
Mark Richards could not provide details on the value and the timing of the IPO
Read More →CBE regulates 20m electronic payment cards: Head of CBE payment systems
Electronic payments market in Egypt growing says Ahmed Faragallah
Read More →10% of Egyptians use prepaid Visa cards: MENA director of prepaid products
MENA top region for total volume of prepaid card usage with 82.6% growth in the last year, says Sumit Tyagi
Read More →400% increase in mobile payments in 2014: EMP Chairman
Around 25% of global economy involves mobile payments, says Paul Edwards
Read More →World Bank to offer Egypt $1.5bn for housing, sanitation projects
Minister of Housing announces the agreement after his return from US visit to meet World Bank officials
Read More →Informal sector volume records around EGP 1.5tn: ECES
Government lost EGP 300bn in potential taxes, according to study
Read More →Egypt’s economy over three years of turmoil
Daily News Egypt takes a closer look at the economic situation since the 25 January Revolution
Read More →Egypt’s industrial policies discourage employment: World Bank report
50% of Egyptians believe unemployment situation will improve in the next five years, says Gallup survey
Read More →Euromoney Conference: North coast land to be offered in February’s Economic Summit: Minister of Tourism
Government targets EGP 19bn investments with 28msquare metres of land, says an official source at the Ministry of Tourism
Read More →Euromoney Conference: Government removing barriers to investment: Tourism minister
Ministry plans to attract 40 million tourists to Egypt in the coming period
Read More →Euromoney Conference: Construction and real estate sectors need better governance: Real estate developers
Egypt’s construction and real estate market has growth potential, says real estate company regional director
Read More →Industrial sector, investments will rise when Egypt offers preferential treatment to local products: Trade minister
Minister of Industry and Foreign Trade Mounir Fakhry Abdel Nour told the Daily News Egypt in an interview for the Euromoney supplement that the law offering preferential treatment to local products will be referred read the rest…
Read More →Egypt takes steps to increase Egyptian products in Russia
Industry minister calls on companies exporting to Russia to establish affiliate offices in Moscow to market products
Read More →Government to allocate budget revenues in CBE to Suez Canal investment certificates
Ministry of Finance says move comes to ease pressure on the general budget or the Suez Canal Authority after five years
Read More →Egypt to invite IMF to assess economic reforms
Ministry of Finance says government will invite IMF before Egypt’s economic summit in February 2015
Read More →Bilateral agreements restrict Egypt more than multilateral ones: UNCTAD’s economist
Egypt has more than 100 bilateral agreements, each with own conditions and regulations, says Mahmoud El-Khafif
Read More →Railway sector needs EGP 60bn for development: Transportation minister
Egypt recently agreed with several European countries to import 25 new trains
Read More →Electricity loads increase 8% annually, cause outages: Former electricity minister
Ahmed Emam says that fuel supplies to power station annually decrease by 6% besides increasing malfunctions of stations due to maintenance works
Read More →Egypt needs $12bn in next 5 years to address electricity crisis: Al-Sisi
Power stations need $700m worth of fuel supplies per year
Read More →Flat6Labs records highest number of start-up deals in Egypt
Start-up accelerator programme has invested in 46 ventures
Read More →WTO supports Suez Canal project: Director General
Roberto Azevedo scheduled to meet President Abdel Fattah Al-Sisi on Tuesday
Read More →Labour Law amendments do not meet workers’ aspirations: Rights campaign
Coordinator of the “Towards a Fair Labour Law” campaign says they are to submit suggestions to manpower ministry
Read More →July’s CAPMAS inflation rate 0.18% higher than original figure
Annual urban consumer inflation amended to 11.04% instead of 10.61% in July
Read More →Overview of banking sector performance over FY 2013/2014
Daily News Egypt takes a closer look into the banking sector’s performance over the past fiscal year, with examples of the financial results of state-owned, private and Islamic banks
Read More →Unified licence to be launched in September: Communications ministry
The three mobile service operators have agreed to the licence’s terms for offering landline services
Read More →Orascom Development Holding registers first profit since 2010
The Swiss hotel operator is expecting an improvement in the hotel performance during the second half of 2014
Read More →Saudi-based CPC buys Qalaa’s Sphinx Glass for EGP 1.3bn
Qalaa Holdings sells Sphinx Glass in line with its framework to abandon “non-core” projects
Read More →Tahya Masr donations yet to exceed EGP 5bn: Fund board member
Salah Diab says board of directors are still reviewing how the fund will be used
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