News
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World Bank set to loan Egypt $500 mn for housing project
The Bank is committed to support the Egyptian government in improving its social safety net by expanding cash transfer system to the poor.
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Egypt Fast Becoming A Hot Renewable Energy Market
Egypt is currently “On the Hot List of Global Renewable Power Developers”.
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Mashreq Petroleum storage project on track
Mashreq aims to take in a foreign partner to cover 40 per cent of the expenses of the second phase.
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A new Alliance to execute Egypt National Tech Projects ready in Mid-April
The alliance is with a capital of EGP 500 million (US$ 65.5 million).
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KSA, Egypt to curb customs’ violations
The agreement demands that the customs authorities provide a number of documents that would facilitate customs clearance on goods and exchanged commodities.
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Noor Data Networks negotiates with Internet providers to establish consortium against TE Data
We aim to establish a joint company for all Internet providers, acquisition is alternative solution, says Jundi.
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EFG Hermes returns to profit on investment bank expansion
Chief Executive Karim Awad said the company would launch a leasing business in Egypt by early May.
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MOPCO lists on EGX with EGP 2.3bn
MOPCO is third biggest nitrogen producer globally
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News Analysis: Egypt counts on China as key partner in economy push
China considers Africa a vast field for its prospect investments and Egypt represents a very important key for Chinese investments and trade in Africa.
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Terra Sola wins $3.5bn Egypt power contract
The MoU confirms the implementation of a 2,000MWp solar power project that has been specifically designed for Egypt.
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Egypt targets 4.5-5 pct growth in 2015/16: Finance ministry
The finance ministry said it would boost spending on infrastructure as well as education and health.
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Egypt, Jordan sign gas sector MoU: Petroleum ministry
Discussions held on expanding Iraqi gas pipelines to reach Egypt through Jordan to benefit from Iraq’s oil and gas supply.
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Egypt's Sawiris to diversify Orascom, invest $500 million in Egypt
Sawiris said Orascom Telecom would diversify into new sectors including infrastructure, logistics and energy projects alongside its core business.
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Egypt, GE sign deal to boost healthcare
This program builds on the $100 million investment commitment announced by GE develop healthcare education and training in emerging markets.
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Al-Sisi reviews Ethiopia dam agreement with top government officials
A deal between Egypt, Sudan, and Ethiopia is to be sealed on 23 March.
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Arab Contractors to deliver US$150 million Iraqi Power Plant at 2015-end
The Iraqi electric plant is one of the biggest projects being implemented by Arab Contractors in the country.
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Israel's Tamar group to sell gas to Egypt via pipeline
Egypt has been slow in developing its own sizable gas resources and is seeking numerous import options.
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Egypt seals deal with Gazprom to import 35 cargoes of LNG
Russian firm Gazprom will start deliveries of liquefied natural gas in the second half of 2015.
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Poland-Egypt Trade Exchange targets US$1 billion at 2016-end
The remarks were made during the opening of the Egyptian-Polish business forum.
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Egypt's urban authority approves Madinaty settlement
The government last year approved an amendment to the investment law that prevents third parties from challenging contracts signed between the government and investors.