News
-
Egypt: breaking “the pharaoh’s curse”
As a first step the Cairo government is moving to restore investors confidence by raising money on the international bond markets.
-
Kuwait to raise crude oil exports to Egypt, could send diesel
Saudi Arabia, Kuwait and the United Arab Emirates have together provided Egypt with billions of dollars in grants, loans and petroleum products.
-
EGAS, Hoegh sign LNG agreement
Norwegian firm beats Malaysian, American and Dutch companies to win international tender.
-
Egypt's beer industry toasts long history
Despite Islamic theological arguments against alcohol, beer in majority-Muslim Egypt was an industrial product that tracked the 20th century.
-
JPMorgan, EFG-Hermes said to be working on Emaar’s Egypt IPO
Engagement letters are due to be signed with the banks this week to run the initial public offering of Emaar Misr.
-
Prosecutor general leads fight to reclaim smuggled money
Othman said the total amount that Egypt is trying to recover from countries the smuggled money was deposited to is approximately $1.5bn.
-
Egypt's trade deficit falls 22.5% in July
Trade deficit falls 22.5 percent in July compared to the same month in 2013.
-
Ethio-Egypt Business Forum held in Addis Ababa
Ethiopia is deeply committed to jointly make business cooperation as a driving force for the mutual advancement of the two countries.
-
Egypt, Ethiopia study possibility for establishing industrial zone: Abdel Nour
Both countries are seeking to increase volume of trade to $5bn, says minister of Industry and Foreign Trade.
-
Tourist arrivals hit 200 percent in September
The Egyptian State Information Service (SIS) quoted Zaazou as saying that the increase reflects the successful efforts of the Tourism Ministry.
-
Telecom Egypt said to seek advisers for sale of Vodafone stake
The monopoly fixed-line phone company, majority-owned by the government, has sent requests for proposals to local and international banks.
-
Shareholders with 56 pct of Egypt's Bisco Misr agree to sell
The shareholders had agreed to sell provided that the formal offer came within two working days from Thursday.
-
Egypt ranks 36 worldwide for beverage production: Sidel’s official
In terms of beverages production, Egypt is number 36 worldwide and the consumption per capita is more than 26 litres.
-
Egypt signs $350 mln in oil, power financing deals with Saudi
Two loan agreements signed on Saturday worth a total of about $100 million will be invested in two electricity stations.
-
Business or politics? Egypt cancels major trade agreement with Turkey
The agreement, signed in 2012, facilitated exporting Turkey’s goods to the Gulf and African nations through Egypt's mainland via Egyptian ports.
-
AAIB expands ATM service in Egypt
The action, which came under AAIB’s customer delight initiative, has brought the bank’s total number of ATMs to 286 across Egypt.
-
Pharmaceuticals in question: How authentic are medications in Egypt?
Questions, problems and statistics were highlighted in a recent conference on the delicate issue of medical drug quality in Egypt.
-
IT potential of Egypt & Intel's commitment to Egyptian market
Intel's short-term and long-term plan falls under the ‘Egypt Tomorrow’ initiative that the company defined in 2011.
-
10% growth in revenues for Nokia’s infrastructure sector in Q2 2014: CEO
Company achieved revenues last year following losses for two consecutive years, with increasing demand for network maintenance.
-
TCI Sanmar to invest $150 m to expand Egypt chemical complex
This will involve setting up a new PVC plant with a capacity of two lakh tonnes and will also enhance its ethylene manufacturing capacity.