Housing and Development Bank contributes EGP 150m to tourism sector in 2014

The Housing and Development Bank’s rate of loans provided to customers investing in the real estate sector is about 7.2% of the total loans portfolio allocated to the corporate sector

Government should follow through on lowering tax promises: Ernst & Young official

The government delays in implementing its promises to reduce tax rates and apply the one-stop-shop wastes the success accomplished at the Economic Summit, according to Managing Partner of Tax for

Al Baraka Egypt income surges 21pc

  Al Baraka Bank Egypt, a subsidiary banking unit of Al Baraka Banking Group (ABG) and its investment arm in Egypt, announced that net income jumped by 21 per cent

New Capital agreement needs more time: Expert

Approximately two months have elapsed since the announcement of an Emirati partner in establishing and financing Egypt’s new administrative capital, no official signing has yet taken place. “The huge details

UAE to invest $2bn in Egypt in next FY in housing projects: Investment Minister

The UAE will start pumping approximately $2bn in investments in Egypt during the next fiscal year (FY) 2015/2016, according Minister of Investment Ashraf Salman. Salman disclosed his agreement with the

PM: France visit important for investment

Prime Minister Ibrahim Mahlab described his three-day visit to France, which he starts on Tuesday 12/5/2015, as important to follow up French investment projects in Egypt that had been agreed

Egypt’s budget challenge

Egypt has secured billions of dollars in investment commitments and loans, but the country’s public finances are still severely strained and the next big challenge will be to focus on

Robust law enforcement essential for investment in Egypt: European diplomat

Robust laws and policies, coupled with strong institutions enforcing them, are vital for attracting investments and sustainable growth, Counsellor Diego Escalona Paturel, Head of Operations at the Delegation of the European

Chartered Private Equity announces a US$ 175 million equity investment in Nuqul Group’s FINE Hygienic Holding

  A Standard Chartered Private Equity (“SCPE”) lead consortium has invested $175 million for a significant minority stake in FINE, the leading integrated tissue manufacturer across the Middle East and

Sudatel Sudan turns corner posting strong 2014 earnings

Sudatel Telecom Group Limited, one of the leading telecom companies serving the needs of customers in Sudan and Africa, reported its strongest earnings in five years announcing net profits of