Business
Suez Canal gains hit $1.7 bn in first 4 months of 2015
May 25, 2015
Suez Canal gains hit $1.7 bn in first 4 months of 2015
Egypt's Suez Canal revenues reached US$1.659 billion (LE12.6 billion) during the first four months of 2015, according to Egypt State…
Investors: Decline in exports due to decline in power supply
May 25, 2015
Investors: Decline in exports due to decline in power supply
Investors have confirmed that the decline in the power supply to factories was the most prominent reason for the decline…
Abu Dhabi’s Gulf Capital says eyes four deals in Egypt
May 25, 2015
Abu Dhabi’s Gulf Capital says eyes four deals in Egypt
Abu Dhabi's Gulf Capital is considering four deals in Egypt in healthcare, oil and gas, petrochemicals and consumer goods, the…
Egyptian developer Palm Hills raises $212 mn in share issue
May 25, 2015
Egyptian developer Palm Hills raises $212 mn in share issue
Palm Hills, Egypt's second-biggest listed property developer, said on Monday it had completed a LE1.62 billion ($213 million) share sale…
Russian investors propose building inverted houses in Hurghada
May 25, 2015
Russian investors propose building inverted houses in Hurghada
Red Sea governor Major General Ahmed Abdullah has met with several Russian investors who are looking to invest in tourism…
Minister: LE3 bn to establish state’s assets management fund
May 25, 2015
Minister: LE3 bn to establish state’s assets management fund
Egypt’s Finance Ministry will allocate LE3 billion in the next fiscal year's budget (2015/16) to establish the state’s assets management fund,…
Biggest container vessel crosses Suez Canal
May 25, 2015
Biggest container vessel crosses Suez Canal
The Panamanian container ship "MSC Oliver" crossed through the Suez canal on Sunday, coming from the Red Sea en route…
EGAS requests LE30 billion for LNG import
May 25, 2015
EGAS requests LE30 billion for LNG import
The Egyptian Natural Gas Holding Company (EGAS) has said it requested LE30 billion from the Finance Ministry for the 2015-2016 fiscal…
Egypt’s Qalaa says seeing strong foreign interest in asset sales
May 24, 2015
Egypt’s Qalaa says seeing strong foreign interest in asset sales
Major Egyptian investment firm Qalaa Holdings is drawing strong interest from Gulf and other foreign investors in a string of…
Dubai’s Arabtec drops on Egypt project speculation
May 24, 2015
Dubai’s Arabtec drops on Egypt project speculation
Shares in Dubai builder Arabtec drop 3.3 percent to 2.33 dirhams.Egyptian newspaper Al Mal has reported, citing anonymous source, that…