Egypt's issued capital for new companies recovers after 50 per cent drop last month

Ahram Online, Thursday 17 Mar 2011

Figures from investment authority shows climb in number and capital of newly established firms

The issued capital of newly established companies during last week has witnessed slight improvement compared to the records of the week before, according to data released by the General Authority for Investment.

This week saw the establishment of 113 companies with an issued capital of LE247 million which created 1,532 jobs, compared to 87 companies last week with a total capital of LE151 million.  

Rates provided by the GAFI shows the first two weeks of February saw the establishment of 122 companies with an issued capital of LE222.9 million which created 8,075 jobs, recording by 50 per cent compared to the same period in 2010.

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