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Stability of monetary policy, simplified government measures attract investment: Infinix

Infinix Corporation, specialised in manufacturing smartphones, is working to develop after-sales services in the Egyptian market and plans to increase the number of its major maintenance centres. Business development manager at Infinix, Ahmed Wagih, told Daily News Egypt in an interview that the economic conditions in Egypt and the scarcity of US dollars have impacted …

Mohamed Alaa El-Din

Motor oil prices increase by 4%, filters by 10%

The prices of automobile oil have increased by 4% in the past few days, and the price of passenger car filters have increased by 10%, both resulting from the increase in the US dollar exchange rate—which affects importing the requirements for production. Sales director at Al Barkah International Ltd for automobile oil trade, Ahmed Mohamed, …

Ahmed Eid

20 investment banks apply to advise government on offering US dollar-denominated bonds, result to be announced Monday

A senior government source said that 20 investment banks have submitted requests to the Ministry of Finance to act as financial advisors for the governmental offering of US dollar-denominated bonds on international markets. The source said a number of those banks applied earlier for the first offering, including Morgan Stanley, J.P. Morgan & Co., and …

Ahmed Farahat