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House passes amendments to Companies act
LEGISLATION WATCH- The House of Representatives passed amendments to the Companies Act, which allow for setting up sole proprietorship companies,…
SPEED ROUND
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SPEED ROUND
Gov’t to grow wheat on 3.25 mn acres this season
The Agriculture Ministry is planning on growing 3.25 mn acres of wheat this season, down from the previous target of…
EBRD provides Olam International with USD 30 mn loan to fund operations in Egypt
EBRD provides Olam International with USD 30 mn loan to fund operations in Egypt: The European Bank for Reconstruction and…
MNHD announces record pre-sales of EGP 5.03 bn in 2017
Madinet Nasr Housing and Development (MNHD) said its pre-sales for 2017 reached “a record” EGP 5.03 bn, according to a…
Lava international to invest USD 10 mn in Egypt next year
INVESTMENT WATCH- Indian smartphone manufacturer Lava International plans to invest USD 10 mn in Egypt in 2018, said co-founder Hari…
TE has no plans to sell stake in Vodafone Egypt -El Kady
State-owned Telecom Egypt (TE) has no plans to sell its stake in Vodafone Egypt, CIT Minister Yasser El Kady said,…
Metro ticket prices to go up from July
The ticket prices for Cairo Metro will be increased starting from July, Transport Minister Hisham Arafat said. Commuters will be…
Gov’t issues int’l tender for 534 km electric railway line from Ain Sokhna to Al Alamein
Gov’t issues int’l tender for 534 km electric railway line from Ain Sokhna to Al Alamein: The ministries of housing…
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