Philip Morris is building future on smoke-free products
PMI invested over $4.5bn in R&R, commercialisation of nicotine-containing vapor products; seeking to sway 1.1 billion smokers globally alone very challenging, says Gkatzelis
Mohamed Samir
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FocusEconomics forecast CBE cut overnight deposit rate to 14.25% in CY 2019, 11.71% in CY 2020
Total investment to grow10.5% in FY 2019, 9.9% in FY 2020
First time in Africa, Nokia powers 200G optical service on TE’s Delta Backbone Network
The announcement came during the Cairo ICT exhibition, where the company revealed that the commercial deployment of the new high-speed service started in June, and is the first 200G long distance and single carrier transmission service in Africa.
Energy price shock, unemployment tops MENA’s regional risks for doing business: WEF
Report uses results of large-scale Executive Opinion Survey carried out by forum to detect how concerns about global risks differ across regions, countries
World’s data, privacy, balancing risks with benefits
Balanced, inclusive, accountable data policies, fundamental in addressing growing trust concerns seen throughout today’s world, says WEF
UAE’s Mubadala buys 20% of Noor gas field
Agreement still awaiting approval of Egyptian authorities
What constitutes good leadership is changing, as expectations, demands, of followers alter: Gordon Tredgold
Leaders do not need to have all answers or to be heroes
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$10bn investments in petroleum exploration, production in FY 2018/19: El-Molla
Turnout by major international companies in ministry’s oil and gas exploration bids represents clear message of confidence of foreign companies in Egypt’s investment climate
S&P maintains Egypt’s ‘B-B’ credit rating, stable outlook
Ratings remain constrained by wide fiscal deficits, high public debt, low income levels, gross external financing needs
Modus Capital launches in Egypt, eyeing tech, B2B services
Firm aims to invest in 10 companies in first year of operation
Beltone affirms compliance with Capital Markets Law, denies irregularities in Sarwa Capital’s IPO
Group’s brokerage arm continues to conduct normal business operations
Energy sector has lion’s share of Schneider Electric’s investments in Egypt: Sheta
Company works on desalination, bringing sea water capacity to 2.5bn cubic metres a day
Al-Sisi, Seehofer agree on boosting security cooperation, strengthen Egyptian capabilities
President, German foreign minister stressed importance of pushing forward Palestinian-Israeli peace process
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Infrastructure investments is perquisite for sustainable development: Mohieldin
Average citizen to feel impact of growth through health care, sanitation, education
Women empowerment is definitely a topic we tackle, through showcasing success: Lamia Kamel
Capitalising on partnerships to brand Egypt, Narrative Summit as core initiative
Cairo appeal court to retrial Youssef Boutros Ghali on 6 November
Ex-minister to face charges for squandering public money by using cars held in customs, abusing his position to personally benefit from finance ministry funds
Kazoku, fresh take on Egypt’s fine dining scene
Expertly developed menu, high-end ambience surprisingly relaxing, selection of hot and cold starters, prime cut steaks, signature dishes, sushi, drinks come in separate menu
Higher oil prices inevitable, $100 bbl easily within reach in 2019: Bank of America Merrill Lynch
Price hikes further pressures on Egypt’s budget, each $1 increase in price would cost the country EGP 4bn
Sarwa Capital to launch trading on EGX next week amid heavy demand from institutional investors
Company targets new sectors including factoring, SMEs, financial services
Egypt roadshow to promote bonds in South Korea
Egypt looking to sell around $5bn worth in Eurobonds September, possibly in Q1 of 2019, says Moeit
Egypt signs agreement with CI Capital, Jefferies bank, Emirates NBD to manage ENPPI’s IPO
IPO of stake in ENPPI announced, postponed many times; initially scheduled to take place before end of 2017
Egypt successfully sells EGP 904m worth of T-bonds following four cancelled auctions
The CBE sold EGP 750m pounds worth of three-year bonds, as well as EGP 153m worth of seven-year bonds, well under the EGP 500m it was targeting.
Abu Qir Fertilisers achieves EGP 8.3bn revenues in FY 2017/18
ABUK ’s general assembly approved on Saturday, the distribution of EGP 1.1 cash coupon per shareholder.
Egypt receives final LNG shipment, marking end of gas imports: Tarek El-Molla
Country aspires to become regional gas hub for LNG trading in eastern Mediterranean Sea
Egypt, Israel energy companies sign $518m deal to buy control of gas exports pipeline
The three companies signed a deal to buy a 39% shares in pipeline owner Eastern Mediterranean Gas Co., according to a statement released by Delek Drilling on Thursday
Government targets reducing public debt to 70% within four years: Mohamed Moeit
No new taxes to be imposed over next four years, IMF mission to visit Egypt in October, says finance minister
Customs on EU cars to be diminished in 2019 as planned: Nassar
Essential to start taking measures to protect national industry in country, says Shafei
No new appointments in government apparatus: Al-Saeed
Perhaps proposal is sort of employee dismissal strategy, says Kamel
Samrqan Noodles, Chinese food with Middle Eastern twist
The first thing that you notice about the place is the minimalist design, unlike most of the authentic Chinese, and Asian restaurant that you usually see in Cairo, but what really makes Samrqan Noodles standout is the fact that it offers something that most Cairo’s Chinese places lack; variety
EGX closes in red, loses EGP 29.3bn in market cap
Economy is able to deal with consequences of EM crisis negative effect, says Moeit