Business
Egypt signs two new oil drilling agreements
September 16, 2018
Egypt signs two new oil drilling agreements
The Ministry of Petroleum and Mineral Resources has signed two new oil and gas exploration agreements to explore two…
Egypt names HSBC lead bank for listing of Alexandria Mineral Oils Company
September 14, 2018
Egypt names HSBC lead bank for listing of Alexandria Mineral Oils Company
CAIRO (Reuters) – Egypt has named HSBC as lead bank to manage a public offering for a 20 percent…
French companies to increase investment in Egypt
September 12, 2018
French companies to increase investment in Egypt
A number of French companies have announced that they will increase investment in Egypt, in a meeting with Investment…
New AUC cultural center to be funded by Naguib Sawaris
September 11, 2018
New AUC cultural center to be funded by Naguib Sawaris
The American University of Cairo (AUC) is to create a new cultural center on its campus, after signing a…
Egypt’s annual inflation fell to 13.6 % in August: CAPMAS
September 11, 2018
Egypt’s annual inflation fell to 13.6 % in August: CAPMAS
Egypt’s monthly inflation rate was recorded at 1.7 percent in August, compared with 2.5 percent in July, while its…
Alibaba’s Jack Ma to step down in 2019, pledges smooth transition
September 10, 2018
Alibaba’s Jack Ma to step down in 2019, pledges smooth transition
Alibaba co-founder Jack Ma announced on Monday he would step down as head of the pioneering Chinese e-commerce giant…
Egypt to choose sovereign wealth fund manager in global competition: Planning Minister
September 9, 2018
Egypt to choose sovereign wealth fund manager in global competition: Planning Minister
Minister of Planning, Monitoring and Administrative Reformation Hala al-Said stated on Saturday that a ministerial committee would choose the…
Output for Egypt’s Zohr gas field increases to 2 billion cubic feet per day
September 8, 2018
Output for Egypt’s Zohr gas field increases to 2 billion cubic feet per day
Egypt’s Minister of Petroleum and Mineral Resources Tariq al-Mulla announced on Friday that production at the Zohr gas field…
$26 bn of investment in Egypt free zones by July: minister
September 7, 2018
$26 bn of investment in Egypt free zones by July: minister
Total investment in Egypt’s capital-incentivising “free zones” reached US$26 billion by the end of July, according to Investment and…
Egypt to offer 4.5 pct stake in cigarette maker Eastern Company
September 6, 2018
Egypt to offer 4.5 pct stake in cigarette maker Eastern Company
Egypt will launch its programme for offering shares in state companies by offering a 4.5 percent stake in its top…