News
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Emaar Misr’s $353m IPO in Egypt to run June 16-25
The shares will be priced at 4.49 Egyptian pounds each, meaning the offer is expected to raise 2.69 billion pounds.
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Officials: Militants blow up natural gas pipeline in Egypt
Egypt's state news agency MENA said the pipeline supplies natural gas to a power station and homes in el-Arish.
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Egypt buys 5 mn tonnes of local wheat, above target
Egypt, the world's largest wheat importer, procured 3.7 million tonnes of local wheat in the 2014 season.
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Egypt remains largest tobacco market in Arab world depsite steps to reduce smoking
In Egypt, the law on tobacco control prohibits smoking in health and education facilities, government venues, sports and social clubs, youth centers, as well as public transport.
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SFD injects $236mln for Egypt's Small, Micro Projects end May
SFD intends to ink new contract worth EGP 100 million with Nasser Social Bank to finance microbus project.
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DAE Expands Its Timeshare Market Partnership In Egypt
Tamaf Tours joins a growing list of timeshare resorts and businesses across the Middle East partnering with DAE to expand their exchange offering to their owners and members
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China competing in Egypt's nuclear power market
China has been seeking to work with Egypt on nuclear power.
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Vodafone Egypt contributes USD1.2 mln to WFP
Vodafone Egypt and WFP have a partnership since 2011.
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Egypt government launches LED light bulb plant
The plant aims to produce 300,000 energy-saving light bulbs a year.
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Egypt to pay public sector salaries early before Ramadan
High demand for certain products ahead of Ramadan increases prices.
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Egypt, Russia trade exchange reached $5.5 billion in 2014: minister
Bilateral relations between Russia and Egypt have deepened politically, military and economically during El-Sisi's rule.
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Telecom Egypt board to replace chairman and CEO
The government owns 80 percent of Telecom Egypt, which in turn has a 45 percent stake in mobile operator Vodafone Egypt.
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Egypt: NAHCO Aviance, Egypt Strengthen Business Ties
NAHCO provides a comprehensive handling of the ground operations for Egypt Air in Nigeria.
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Egypt IT agency partners with African telecom companies
The move is in the framework of “Africa Together” program, Round II.
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Egypt's military establishes multi-industry company
The Egyptian military already contributes to infrastructure and mega-projects through its engineering authority.
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Russia, UAE to invest in Egypt economy
The fund’s management held a series of meetings with partners in the region, including ministries and agencies of Egypt, Middle Eastern investment funds as well as Russian companies interested in developing business in the Middle East.
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Egypt: Sisi Review Efforts to Provide Foreign Exchange, Banking Sector Activities
The recent economic decisions and actions have the greatest impact in raising the credit rating of Egypt from "stable" to "positive".
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Egypt's MNHD approves joint mall project with Saudi's Fawaz Alhokair
The Teegan development is located in the east of the Egyptian capital, across from Cairo International Airport, and will ultimately cover 3.5 million square metres.
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Egypt extends Mediterranean gas exploration tender by two months
The foreign companies already exploring for oil and gas off Egypt's north coast include Italy's ENI and Britain's BP and BG.
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Automotive market parties establish Egyptian Automotive Council
No one can deny market is divided, council is chance to reunite, says El-Tobgy.