Business
Elsewedy Electric, Arab Contractors sign $2.9bn contract for power plant in Tanzania
Tanzanian People can count on Egyptian joint venture: El Sewedy
EDA signed MoU with ITFC to support cooperation in trade development
Export to Africa low rise in 2017 by 10% a year between $1bn, $300m: Al-Shorbagi
Banking
NBE completed renovations of 178 branches, to re-open historic Mosky branch
30% of ABE loans allocated to farmers, crop production: bank chairperson
First Abu Dhabi Bank launches bancassurance products, services in collaboration with gig
Emirates NBD Egypt plans to expand digital services in Egyptian market: CEO
EGP 2bn net profits of Banque du Caire in 9M18
5 major banks represent UAE in Egyptian market
Real Estate
Real estate companies target new customers, support property exports by participating in foreign exhibitions
Sorouh, La Mirada, MBG, Sky Bridge, Valori Real Estate, most prominent participants
Al Sedek Real Estate studies business launch in New Administrative Capital
Yafa Mac delivers 600 units of Emirates Heights in current year
Sky Bridge launches second phase of Jebel El Sokhna Resort in TREXX exhibition
Energy
Egyptian-Italian business relations recovering
Companies, investors from Cairo, Rome seeking partnerships, cooperation in sectors of energy, water, transportation
Egypt settled 99% of international arbitrations: El-Molla
Strict conditions on suppliers working within project to reduce risks: Milchenko
“Rosatom” explains to Egyptian companies rules and requirements of supplies of “Dabaa” nuclear plant
Industry
Cold Alex aims to export 13,000 tonnes in 2018
Europe accounts for 40% of company's exports, followed by Arab, Gulf markets
Trading Partners for Food Industries targets 50% increased production
Raya Food Industries raises production capacity to 32,000 tonnes by end of 2018
Arma For Food Industry invests EGP 150m to develop production line, train labour
Automotive market welcomes new price
European-manufactured vehicles will not be affected much by decision
Tourism
Promoting tourism on top of government’s priorities: Al-Mashat
40% increase in number of visitors to Egypt y-o-y, says tourism minister
Tourism sector contributes 20% to Egypt’s GDP: Al-Mashat
Egypt’s Red Sea ranked world’s third best scuba diving destination: DIVE
40%, increase in number of tourists to Egypt in first 9 months of 2018: Al-Mashat
Technology
Spotify EMEA officials to DNE: 191 million users, youth, internet client growth attracted us
App includes over 40m songs, 3bn lists, 20,000 songs added daily, 87 million users pay subscriptions
