Business
Egypt’s Carbon Holding eyes $4 bln loan by for petchem project
May 25, 2015
Egypt’s Carbon Holding eyes $4 bln loan by for petchem project
Egypt's Carbon Holdings hopes to conclude a $4 billion debt financing with export credit agencies to back its $7.4 billion…
AfDB: Africa’s GDP growth seen at pre-economic crisis levels
May 25, 2015
AfDB: Africa’s GDP growth seen at pre-economic crisis levels
African economies will grow 4.5 percent this year and 5 percent in 2016 due to rising demand for exports, the…
Egypt’s market losses LE2.5 bn on Monday, EGX30 down 0.78%
May 25, 2015
Egypt’s market losses LE2.5 bn on Monday, EGX30 down 0.78%
Egypt's market closed in the red zone for Monday's session, as the benchmark EGX30 Index decreased 0.78 percent reaching 9,050.76points…
Italian donors raise credit limit financing Italian projects in Egypt to 10 billion euros
May 25, 2015
Italian donors raise credit limit financing Italian projects in Egypt to 10 billion euros
Trade and Industry Minister Mounir Fakhry Abdel Nour said Italian donors, which include Italian banks and the Italian Loan Guarantee…
Food supply minister tackles Egyptian investment projects with Russians
May 25, 2015
Food supply minister tackles Egyptian investment projects with Russians
Domestic Trade and Food Supply Minister Khaled Hanafy tackled investment issues with an alliance of major Russian companies on Monday. The…
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…