500 engineering companies encourage buying local products

Wed, 19 Feb 2020 - 11:52 GMT

The Egyptian government approved on Tuesday the executive plans for implementing the six-month initiative to encourage buying local products.

24 int'l agreements signed by Oil Ministry during EGYPS 2020

Thu, 13 Feb 2020 - 02:34 GMT

Cooperation deals were signed with Chile, Somalia, Equatorial Guinea and the US Trade and Development Agency

EGX discusses listing 79 companies

Sun, 26 May 2019 - 12:59 GMT

The new system aims to select companies, offer advantages and provide technical consultations.

Profits of affiliated companies doubled in 2017/18: min.

Tue, 23 Apr 2019 - 03:24 GMT

Minister of Public Business Sector Hesham Tawfik said that the companies are working in many fields.

Investment law amendments to encourage companies to expand in Egypt

Thu, 07 Mar 2019 - 01:37 GMT

Nasr added that these amendments will have a positive effect, especially as some of the expected expansions are larger in size and value than projects already in place.

Draft law to enhance integrity at companies in final revision

Mon, 04 Mar 2019 - 12:23 GMT

Egypt’s State Council is finalizing the revision of a draft law enhancing integrity and transparency at companies, said the deputy head of State Council.

Molla discusses cooperation with int'l oil companies

Wed, 13 Feb 2019 - 02:01 GMT

The meetings took place during EGYPS 2019 Expo, said a statement by his ministry.

Foreign companies to provide services in Administrative Capital

Sun, 06 Jan 2019 - 10:59 GMT

State-run Administrative Capital for Urban Development decided that foreign companies will manage and operate services inside the New Administrative Capital.

Economic reform program behind rise of established, expanded companies

Tue, 18 Sep 2018 - 09:44 GMT

The minister clarified that the number of established companies reached 20,000 firms, with an increase of 29.1 percent compared to previous year.

Engineering Export Council participates in Automechanika Frankfurt

Mon, 17 Sep 2018 - 08:41 GMT

Executive Director of the Council Maha Saleh affirmed that Automechanika is considered one of the world's biggest exhibitions for the automotive sector.

GAFI contacts newly-established companies to solve all obstacles facing them

Mon, 16 Jul 2018 - 10:13 GMT

Mona Zobaa said GAFI launched a nationwide survey to follow up the statuses of the projects being conducted and highlight the hardships they are facing to overcome.

Debts to oil companies reached $1.2B by end of June

Thu, 05 Jul 2018 - 03:20 GMT

The minister added that debts to foreign companies are set to be fully paid by the end of 2019, hoping to pay them sooner.

French investments in Egypt exceed €4 billion: Minister

Tue, 26 Jun 2018 - 11:48 GMT

“The total current economic cooperation portfolio between the two states amounts to €1.2 billion,” the minister said.

1,784 companies set up in May at total issued capital of LE 2.1B

Thu, 21 Jun 2018 - 12:22 GMT

The total issued capital of the new companies is worth LE 4.3 billion, with a 106 percent increase, compared to LE 2.1 billion in May 2017, the ministry said in its monthly bulletin.

Companies foundation increases to 77%: Min.

Mon, 16 Apr 2018 - 12:55 GMT

Ministry of Investment will launch an initiative for companies to participate in projects of social responsibility on June 30.

China's premier pledges further market opening as talk of trade war mounts

Tue, 20 Mar 2018 - 07:36 GMT

China will open up its economy further, and its door to the outside will only get wider.

U.S. has ordered Broadcom to give notice of steps to redomicile

Sat, 10 Mar 2018 - 10:12 GMT

A U.S. national security panel has ordered Broadcom to provide it with five business days’ notice before taking any action toward redomiciling to the U.S.

Over half of Japan firms do not plan base pay rise this year

Tue, 20 Feb 2018 - 07:30 GMT

More than half of Japan’s companies do not plan to raise base pay in annual wage talks in coming months.

Australian amb: Egypt has tremendous possibilities in mining

Tue, 13 Feb 2018 - 10:53 GMT

Australian Ambassador to Egypt Neil Hawkins said that Egypt has tremendous possibilities in the mining sector.

Egypt's Parliament finally approves bankruptcy law

Sun, 28 Jan 2018 - 11:20 GMT

The new law abolishes prison sentences in bankruptcy cases and limits punishments to a monetary fine.