News
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Egypt to promote $10 bn worth of petroleum projects at March conference: Ministry
The government hopes to attract massive investments in oil, LPG lines and petro-chemicals to jolt a faltering economy.
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Egypt’s foreign reserves up by $27m in February
Egypt Foreign reserves were affected by repaying debts.
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Egypt: Oil, gas debt to be settled late
Egypt aimed to fully repay its $3.1 billion (R36.2bn) debt to foreign oil and gas companies by the middle of next year.
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Egypt's Economy Needs USS60 bln to Hit 5% Growth- Sawiris
Sawiris family is planning to invest in solar power.
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Shapoorji Pallonji group plans 50 MW solar project in Egypt
Egypt is expanding the use of renewables to respond to energy crisis.
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Egypt: Cabinet approves new investment law
The draft law is now awaiting the President's approval.
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Egypt, Arabtec to resume talks on housing project
Dubai-listed Arabtec announced last March it will build the homes at 13 locations around the country.
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Egypt to build 200 meter-high pyramid skyscraper
The project will make its debut at the upcoming economic summit at Sharm El-Sheikh.
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Barclays African Unit May Buy Parent’s Zimbabwe, Egypt Banks
Barclays bought its parent company operations in 8 African countries.
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Internet advertising accounts for 15% of 2014 market share
e-marketing share jumped from 2.5% to 15% in most companies by the end of last year.
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Egypt to double FDI this fiscal year
The economic conference will play a major role.
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Egypt’s budget deficit increased by 32.9 percent in six months
The main reason is the decrease in grants from Gulf countries.
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Egypt looks forward to 2015
IPO activity to increase; GCC private market transactions seen to gain traction.
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Egypt's Pioneers beats Lactalis in bid to acquire Arab Dairy
Pioneers is set to buy a 60.19 percent share in Arab Dairy to raise its share in the company to 100 percent.
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Germany lifts South Sinai road travel warning : Ambassador
German tourists are still warned against travelling to North Sinai.
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Urgent phase implementation in Toshka City to end 30 June: Housing minister
New Toshka project will be added to urban community plan for fiscal year (FY) 2014/2015 with investments at EGP 287m.
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EFG Hermes eyes Egypt renewables investments, leasing business -CEO
Egypt is shifting attention to renewables to face the energy crisis.
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Egypt GASC negotiates lower prices for tender in Egyptian pounds
Results for the tender, which GASC announced on Feb. 12 are expected Monday.
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Egypt's central bank sells $420 mln in interbank market
The sale was made to meet outstanding demand for staple commodities, raw materials and pharmaceuticals.
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Hitachi offers investments in Egypt
Hitachi expresses interest in participating in creating Silos, logistical areas for wheat, grain and food commodities storage in Egypt.