Egypt’s Orient Ceramics to raise sales by 30% next year
Egypt’s Orient Ceramics Company targets a 30 percent raise in its sales to reach 400 million Egyptian pounds ($22.6…
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Egypt’s president approves bill raising taxes on cigarettes
Egypt's President Abdel Fattah al-Sisi ratified on Thursday amendments to the Value Added Tax (VAT) law that raise…
Egypt’s Oil Minister says no plans to increase fuel prices in FY2017/18
Egypt's Petroleum Minister Tarek al-Molla reiterated on Thursday that the Cabinet does not plan to raise the…
Egypt looks for $4 billion up on international debt market
Egypt is planning to return to the international debt markets in January to raise as much as US$4 billion to fund…
Ezz Steel eyes raising exports by 30pct in 2017
Egyptian steel maker Al Ezz Steel Rebars (Ezz Steel) aims at raising exports volume by 30 percent within 2017,…
Exports volume to hit $34bn by 2020: Egypt’s Qabil
Egyptian Trade and Industry Ministry aims at raising exports volume to US$30-34 billion by 2020, Minister Tarek…
Chemical Council: New strategy to raise Egypt’s exports to $32bn by 2020
Egyptian Chemical and Fertilizers Export Council (CEC) coordinates with Trade and Industry Ministry to raise…
Rockal plans raising investments in Egypt to 450m pounds by 2020
Egypt-based Al Alamia for Rockwool (ROCKAL) targets raising its investments in the Egyptian market to 450 million…
Egypt’s home textiles sector eyes 20% increase in exports by 2017
Egyptian Home Textile Export Council (HTEC)plans to raise sector's exports by 20 percent during 2017, Chairman…
El Marakby Steel eyes sales of $62mn by late-2016
Egyptian steel maker El Marakby for Steel Group plans to raise its sales volume by 30 percent to hit 1.2 billion…
Airbnb seeks to raise an additional $153 million
Airbnb Inc is looking to raise an additional $153 million as an extension of a recent funding round, boosting…
Nissan: floating Egyptian pound decision to raise auto manufacturing cost
The movement of Egypt's government to liberalise exchange rate system would cause financial losses for original…
Building materials exports to be hiked by $552m annually: Egypt’s chamber
Egyptian Building Materials Chamber at Federation of Egyptian Industries (FEI) targets raising exports volume by 10…
Egyptian print journalism faces potential collapse due to high print prices
Several local media outlets in Egypt have echoed their outrage over the decision to raise newspaper printing…
Medicine exports to hit $300mn by end-2016: Egypt’s ECMI
Egyptian Export Council of Medical Industries (ECMI) targets raising state's exports of medicine by 5-6 percent to…
Cairo Chamber eyes raising trade exchange with Rwanda
Cairo Chamber of Commerce (CCC) studies signing a protocol with Rwandan Chamber of Commerce to boost mutual trade…
Egyptian dairy maker Domty studies raising products prices end-2016
Egyptian dairy and juice maker Arabian Food Industries Company (Domty) studies raising prices of its products by…
Egypt Post raises interest rates on deposits to 10.25%: Chairman
Egypt's postal authority, Egypt Post has decided to raise interest rate on savings to 10.25 percent as of November…
Egypt forms committee to draw five-year plan for raising exports to Africa
Egyptian Trade Minister Tarek Qabil issued a decree Thursday to form a committee to design a plan and a strategy to…
Egypt raises rates on Suez Canal certificates to 15.5%
Egypt raised interest rates on five-year investment certificates in its New Suez Canal project to 15.5 percent, the…
NBE, Banque Misr raise limits on card usage abroad
Vice chairperson of the National Bank of Egypt (NBE) Yehia Aboul Fotouh said that the bank will raise the limit…
Egypt steel prices to jump 15% in November: Metallurgical Industries Chamber
Local steel manufacturers are set to raise steel prices by 1,000 Egyptian pounds , i.e. 15 percent, next November,…
Cairo Chamber, Korea Development ink protocol on raising trade exchange
Cairo Chamber of Commerce (CCC) signed Tuesday a cooperation protocol with Korean Association of Development on…
Swedish Tetra Pak eyes higher sales in Egypt
Swedish food packaging firm Tetra Pak plans to raise its sales volume in the Egyptian market within the…
Egypt to increase oil tenders to raise reserves
Egypt's recent spike in purchase tenders for petroleum products is part of ongoing efforts to build strategic…
Egypt’s tobacco maker Eastern Company raises issued capital to $169mn
The Egyptian joint stock company Eastern Company is set to boosts its issued capital to 1.5 billion Egyptian pounds…
VAT to raise food commodities’ prices by 15%: Cairo Chamber
Food commodities' prices are expected to jump by 15 percent within the coming period following the application of…
Damietta Furniture City to raise Egypt’s exports by more than $200m: Minister
The set-to-be-established Damietta Furniture City is expected to participate in boosting exports of furniture…
S. Africa, Egypt’s GAFI sign MoU on raising joint investments, trade
Egyptian General Authority of Investment and Free Zones (GAFI) signed a memorandum of understanding (MoU) with…
Egypt to host Yemen aid conference in March
Egypt is hosting an international conference in March to raise humanitarian aid for Yemen, where an 18-month civil…
Dollar gains as rate hike still viewed as likely
The U.S. dollar gained on Friday, erasing earlier losses, as investors viewed the Federal Reserve as still likely…
Tesla plans to raise more cash this year
Tesla plans to raise additional cash this year to help fund development and production of its new Model 3 sedan and…
Dollar off highs as investors seek more U.S. rates guidance
The dollar held firm on Tuesday, just below the previous day's high as investors focused on the next set of U.S.…
China Selfie App Meitu aims to raise up to $1 billion in HK IPO
Meitu, the maker of a Chinese selfie app, plans to raise as much as $1 billion in an initial public offering (IPO)…
Dollar dips vs yen, kiwi lifted by RBNZ’s rate view
The dollar dipped against the yen on Tuesday, while the New Zealand dollar rose after the nation's central bank…
Asia stocks edge up amid Fed lull, oil slips
Asia shares inched up on Tuesday while oil fell for a second session as investors awaited clues on whether the…
Vevo hires Goldman Sachs for up to $500 million capital raise
Online music video service Vevo has hired Goldman Sachs Group Inc to raise up to $500 million from new investors,…
Dollar at seven-week low as Fed minutes show scant support for rate rise
The dollar hit a seven-week low against a basket of major currencies on Thursday, after minutes from the Federal…
U.S. inflation tame despite economy gaining momentum
U.S. consumer prices were unchanged in July but a rise in industrial output and home building suggested a pickup in…
Lyft rebuffs acquisition interest from GM
Ride hailing company Lyft rebuffed acquisition interest from General Motors Co and will raise a new funding round…