Monthly Archives: March 2013

What is a Key Challenge Entrepreneurs are Facing Today?

Mentors at our latest Mix N Mentor event organized in Cairo, share some of the challenges they heard entrepreneurs are facing in Egypt nowadays. Some mention difficulties in receiving investment, in sharing ideas and deleguation.

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#Egypt Working On New Open Source Software Strategy

Egypt is working on a new open source software strategy in a move that will see most government bodies move to open source software, also likely to cut costs incurred on licenses and updates of regular software. Speaking to Egypt’s … Continue reading

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Altimo subsidiary offers to buy Orascom Telecom

The Egyptian Exchange said on Sunday a subsidiary of Russian billionaire Mikhail Fridman’s Altimo had offered to buy 100 percent of Egypt’s Orascom Telecom. The offer from a Cyprus-based firm owned by Altimo is at a price of US$0.70 per … Continue reading

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Minister: Three Kuwaiti companies established in February

Minister of Investment Osama Saleh said that three Kuwaiti companies were established in Egypt last February, adding that the value of Kuwaiti contribution in these companies reached more than EGP one million. In statements to “Al Rai” newspaper on Saturday … Continue reading

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Dana Gas set to finish debt accord as #Egypt, #Iraq make payments

Dana Gas PJSC, the Middle East’s leading regional private sector natural gas company, announced today that it has collected a total of US$73.7 million (AED 271 million) in receivables in both the Kurdistan Region of Iraq and Egypt so far … Continue reading

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#Egypt to get help from U.S., European wheat exporters

Egypt will receive payment facilities from American and European suppliers of wheat, an Egyptian newspaper on Saturday quoted minister of supplies Bassem Ouda as saying, as the world’s biggest wheat importer struggles to pay for imports. Two years of turmoil … Continue reading

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#Egypt #forex reserves did not fall significantly in March: central bank

Egypt‘s reserves of foreign currency did not decline significantly in March even though $1.3 billion of hard currency was used for imports including essential commodities and oil, the central bank said. The reserves stood at $13.5 billion at the end … Continue reading

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