News
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Egypt picks banks for first international bond issue in 5 years
BNP Paribas, Citigroup, JP Morgan, Morgan Stanley and Natixis will arrange the investor meeetings for Egypt.
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Egypt's cabinet approves $8.7 bn deal with Siemens for power generation
The German company will also establish a factory to make the blades used in wind farms.
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Flat6Labs approves 10 startups in Saudi market
Flat6Labs is a startup accelerator programme that aims at encouraging entrepreneurs to establish their own companies.
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Diminishing conventional energy sources versus economy growth
By the rate of consumption of crude oil which is around 4.5bn tons per year from 2010, and which is growing every year, oil is expected to be depleted by the year 2050.
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Fictitious discounts advertised in Egyptian automotive market
Market indicators illustrate some companies sell certain cars below fair prices, experts say.
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Egypt's Carbon Holding eyes $4 bln loan by for petchem project
Baz added he expected construction of the scheme to begin in the first quarter of 2016.
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Egypt's Qalaa says seeing strong foreign interest in asset sales
Over the past six months foreign and local companies have announced their intention to invest tens of billions of dollars in Egypt.
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Abu Dhabi's Gulf Capital says eyes four deals in Egypt
This would be up from $3.5 billion currently.
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IMF disappointed with Egypt’s postponement of capital gain tax: Bloomberg
When the tax was implemented last month, it was blamed for a simultaneous drop in stock turnover and value.
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Kuwait’s Burgan Bank to consider expanding in UAE, Saudi, Egypt
The bank did not expect to make any acquisitions this year, but said that it would at some later date as a number of foreign banks in the Middle East pulled out.
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Egypt, Jordan 2014 trade exchange valued at $732m: International Cooperation Minister
Prime Minister Ibrahim Mehleb and his Jordanian counterpart will be leading the committee’s meetings with the beginning of the 25th session, the statement added.
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Russia, Egypt eye stronger economic ties at two-day investment forum
The forum, taking place 25-26 May, will be attended by the ministers of industry and trade from both countries.
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NBAD to hold ‘Egypt on the Rise’ conference
The conference aims to discuss steps needed to encourage foreign direct investments in the country.
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Egypt to host 2016 World Economic Forum on MENA
In March, Sharm El-Sheikh hosted top business leaders and delegations at the country's economic development conference.
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Egypt's market gains $3 bn in one week, EGX30 jumps 8.3% as govt suspends capital gains tax
The Egyptian Cabinet put the 10 percent tax on capital gains on hold for two years, but will keep a 10 percent tax on stock dividends.
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Egypt to issue tender for $3 bn worth of LNG in June: Reuters
EGAS also signed deals with Russian Gazprom, Algerian Sonatrac and BP.
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Egypt's Juhayna to enter joint venture with Denmark's Arla Foods
The deal would help the company expand into other regional markets.
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Egypt permits private sector to import natural gas
Private companies will be allowed to import gas through state infrastructure.
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Egypt's trade deficit grows 4.3% in Febraury
The increase in imports and decline in exports is behind the deficit.
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BP increases stake in Egypt gas field after DEA farm down
While the increased stake in the field offers BP a strong return of around 15 percent and important resources, the risk associated with Egypt remains high.