Business

Egypt’s Amer Group says 2014 net profit up 670 pct

Egypt’s Amer Group says 2014 net profit up 670 pct

Egyptian real estate company Amer Group Holding Co said on Monday its net profit for 2014 rose 670 percent over…
Orascom Construction says banks offer $1.95 bn for Egypt power station

Orascom Construction says banks offer $1.95 bn for Egypt power station

Orascom Construction is planning to raise $1.95 billion in syndicated loans which will be used for the $3 billion first…
Orascom Construction says banks offer US$1.95 bn for Egypt power station

Orascom Construction says banks offer US$1.95 bn for Egypt power station

Orascom Construction is planning to raise $1.95 billion in syndicated loans, which will be used for the $3 billion first…
Minister: Egypt state oil company signs deal to help develop Iraqi fields

Minister: Egypt state oil company signs deal to help develop Iraqi fields

Egypt's state oil company signed an agreement to join Kuwait Energy in developing an oil field in southern Iraq, the…
Sisi confident after investment summit; now for the hard part

Sisi confident after investment summit; now for the hard part

President Abdel Fattah al-Sisi was so confident after Egypt signed billions of dollars of deals at an investment summit that…
PM: Egypt signs deals worth $36 bln at investment summit

PM: Egypt signs deals worth $36 bln at investment summit

Egypt signed deals worth $36 billion at an international investment conference in Sharm El Sheikh, Prime Minister Ibrahim Mehleb said…
Egypt’s market gains LE2bn on Sunday, EGX30 up 0.88%

Egypt’s market gains LE2bn on Sunday, EGX30 up 0.88%

Egypt's market main index EGX30  closed up 0.88 percent on Sunday's session to record 9,726.03 points with a total turnover…
Newspaper prices increase, readers vow to buy less

Newspaper prices increase, readers vow to buy less

The Supreme Press Council (SPC) approved on Sunday an increase in prices for governmental and privately-owned newspapers. Daily newspapers will…
Egypt signs agreement to generate 5,000 megawatts through solar energy

Egypt signs agreement to generate 5,000 megawatts through solar energy

Egypt signed a memorandum of understanding with global energy groups to generate electricity using solar power in a bid to…
Sisi: Egypt needs US$200 to 300 billion to advance

Sisi: Egypt needs US$200 to 300 billion to advance

President Abdel Fattah al-Sisi said at the Economic Summit that Egypt needs 200 to 300 billion dollars to advance, calling…
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