Slim approached Austria, not Pecik, on Telekom: Sawiris
Some rumors are circling in the business world about the relationship between Naguib Sawiris, Romy Pecik and Carlos Slim.
24.05.2012 09:00 | from Bloomberg Businessweek
Sidi Kerir Unit gets 5 offers for Ethylene project, Al Mal says
The company is allowed to get a bridge loan of $240 million and the plant will have a capacity of 400,000 tons a year.
22.05.2012 15:00 | from Bloomberg Businessweek
Al Futtaim: No futher compensations
Al Futtaim has paid to the Housing Ministry EGP 673 million for the Cairo Festival City Project’s land & has invested EGP 4 billion since 2011.
21.05.2012 09:30 | from Amwal AlGhad
Egypt Gasco plans to invest EGP9B to improve local gas grid - report
Gasco spent EGP10.5 billion on the gas grid in the last decade, Khaled Abd Elbadie, the company's chairman said.
21.05.2012 08:30 | from Zawya
NBD & Bank Audi arrange EGP 688 mln loan to Egyptian company for phosphate
The consortium was signed last Tuesday after a difficult competition with five other banks.
20.05.2012 07:00 | from Amwal AlGhad
Egypt's OCI shareholders approve company split
Orascom Construction Industries decided to split its businesses into two entities: the construction entity and the fertiliser entity.
18.05.2012 08:00 | from Reuters
Egypt’s EGPC said to issue tender to buy six gasoline cargoes
EGPC is seeking to purchase as much as 198,000 metric tons of gasoline for delivery to Alexandria from July to September.
18.05.2012 07:30 | from Bloomberg Businessweek
Toshiba stops domestic LCD TV production
Toshiba has halted production of LCD televisions in Japan due to falling demand, but its factory in Egypt still stands.
17.05.2012 12:00 | from BBC
Israeli company writes off stake in Egyptian gas
Ampal-American Israel Corp. said this week that the scrapping of the deal and uncertainties in Egypt led to its decision.
17.05.2012 07:30 | from FOX News
Orascom defers $400m MENA cable project
Chief executive Khaled Bichara suspends work on the $400 million cable after failure to win ‘government permits'.
16.05.2012 17:00 | from Global Telecoms Business
Opinion: There's an opportunity looming in Africa's biggest fertilizer maker
ORSCY management -- led by founding tycoon Naguib Sawaris -- talked about spinning out the fertilizer company it bought two years ago.
16.05.2012 16:00 | from NASDAQ
Egyptian Resorts swings to Q1 loss - bourse
The real estate firm made a loss of 5.5 million Egyptian pounds ($911,300) in the first three months of the year.
16.05.2012 14:00 | from Reuters
SODIC’s Allegria sales hit EGP 3.5 billion
Allegria project is established on an area of 2.8 million meter square, located in Sheikh Zayed city.
16.05.2012 08:00 | from Amwal AlGhad
Dubai's Ridge Capital buys Egypt asset firm Rashad
Rashad manages two funds, one for Misr Iran Bank and the other for National Bank of Egypt, and last month launched a third in Bahrain.
16.05.2012 07:00 | from Reuters
Egypt's Palm Hills shrinks Q1 net loss
The luxury real estate developer had posted a net loss of 36.2 million pounds in the same period a year earlier.
15.05.2012 13:00 | from Reuters
Egypt's GB Auto quarterly net profit rises 61 pct
GB Auto said net profit rose to 18.58 million Egyptian pounds ($3.08 million), compared with 11.53 million pounds in the same period a year earlier.
15.05.2012 10:00 | from Reuters
Egypt's Talaat Moustafa Q1 profit climbs 2.5 pct
Egyptian real estate giant TMG realises net profits of LE173.7 million in first quarter of current fiscal year.
15.05.2012 09:00 | from Ahram Online
Citadel revises Egypt energy stake sale terms
Citadel Capital entered into a second amended agreement for the sale of National Petroleum Company (NPC) Egypt to Sea Dragon Energy.
15.05.2012 08:30 | from Trade Arabia
Qatar Petroleum set to invest in Egypt’s Mostorod Refinery
Qatar is spending gas and oil revenue on energy projects abroad after finishing the last of 14 domestic gas liquefaction plants.
15.05.2012 07:30 | from Bloomberg
Amer Group studies 2.7 billion pound sukuk offering, Mal says
The company may decide on an Egyptian investment bank to manage the sale in 10 days, the Cairo-based newspaper said.
14.05.2012 18:00 | from Bloomberg Businessweek
Orascom Telecom Q1 net profit seen at US$45 mn
The Egypt-based company should post a profit for the quarter in the absence of major currency effects.
14.05.2012 09:00 | from Egypt Independent
Barclays targets 25% revenue rise in MEA-Region
The Middle East and Africa generated about 5 billion pounds ($8 billion) of revenue for Barclays last year, about 15 percent of the total.
13.05.2012 14:00 | from Amwal AlGhad
Five banks offer USD1bn loan to Egypt's Ethylco
Ethylco plans to build an ethylene and polyethylene complex in Alexandria with a project value of USD 1.427 billion.
13.05.2012 13:00 | from Zawya
Facebook is more than the year's hottest stock story
In the way it shapes the way people think & perceive, Facebook may be the biggest technological advance since the advent of broadcast television.
13.05.2012 10:00 | from Mercury News
Air Arabia launches service to Taif
Air Arabia will offer three weekly flights to Taif, making it easier and convenient for passengers to travel between the two countries.
13.05.2012 09:30 | from Arab News
