News
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MRPL buys first cargo of Egypt's Ras Gharib crude
MRPL operates a 300,000 barrel per day coastal refinery in Karnataka.
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Egypt begins marketing 10-year US dollar bond at 6.25% yield area
Egypt is rated B3 by Moody's, B- by Standard & Poor's and B by Fitch.
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Malawi, Egypt partner in cigarette manufacturing plant
The new factory will create jobs thereby reduce the rate of unemployment in the country.
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Egypt's Beltone Capital to offer shares on stock exchange in Q4 2015
Egypt's Beltone Private Equity will offer shares of Beltone Capital, which it manages, worth 1 billion Egyptian pounds ($131.06 million) on the Egyptian stock exchange in the last quarter of this year, a partner said on Thursday.
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Egypt's EFG-Hermes plans Saudi Islamic fund as market opens up
EFG-Hermes Saudi Arabia's assets under management had risen to 1 billion riyals from 680 million at end-2014.
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Telecom Egypt says will not buy treasury stocks
Telecom Egypt had recently changed CEO and chairman.
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Egypt's Ezz Steel reports 2014 net loss of $109.5 mln
Ezz Steel had reported a net profit of 527.89 million pounds in the previous year
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Egypt business activity steadier in May as employment rises: PMI
An investment conference in March secured tens of billions of dollars in commitments and Egyptians are waiting to see results.
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Mechanisation of public wages to stimulate economy: Visa Egypt director
Around 6.5 public employees will be offered this service.
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Reuters More: Reuters Reuters World Merkel tells Egypt's Sisi: death penalty is wrong but let's trade
Merkel told the news conference there were many good reasons for close ties between Germany and Egypt, such as a common interest in achieving security and peace.
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Siemens signs 8 billion euro power deal with Egypt
Siemens said the installations, when completed, would add 16.4 gigawatts (GW) to Egypt's national grid.
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Egypt's Pioneers Holding buys cable factory for $37 mln
Pioneers holds a 55 percent direct stake in Giza Power, which made the acquisition.
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Egypt's railway authority signs deal with military to upgrade 92 crossings
Egypt has seen a rise in deadly train accidents over the past decade mostly caused by an outdated railway system in dire need of renovation.
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BP to pay some exploration costs for UAE's Dana Gas in Egypt
BP will pay for up to $39 million of the cost of Dana's drilling of a first natural gas exploration well.
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HSBC considering financing Egyptian projects: Amr Bahey
HSBC Egypt loan portfolio grew 9% last March, says senior official.
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Egyptian developer Palm Hills in three deals worth $63 mn
Last month Palm Hills said it had completed a 1.62 billion Egyptian pound share sale to fund growth.
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Egypt’s GDP, exports to see ‘stronger growth’: HSBC
Mahlab noted that the $12.5 billion in pledged deposits and investments by UAE, Saudi Arabia, Kuwait and Oman will be used in development projects.
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Egypt's petroleum imports up 95% in March: CAPMAS
Egypt has bought an LNG terminalå and announced a tender for another one stepping up efforts to import more natural gas.
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Egypt signs exploration deal with Italy’s Eni worth $2 bln
The Italian company will invest $1.5 billion over four years in exploration, development and operation in Sinai and the Delta.
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Egypt's external debt down to $39.58 bn in Q3 in FY2014/15: CBE
Egypt's gross domestic debt amounted to LE1.9 trillion ($252.3 billion) at the end of December 2014.