Business
BP signs US$12 billion energy deal in Egypt
March 14, 2015
BP signs US$12 billion energy deal in Egypt
British oil company BP (BP.L) finalized on Saturday a US$12 billion deal with Egypt to develop 5 trillion cubic feet…
Prime Minister lays out Egypt’s plan for economic reform
March 14, 2015
Prime Minister lays out Egypt’s plan for economic reform
Egypt's Prime Minister Ibrahim Mehleb laid out on Saturday the country's plan form economic reform, during the second day of…
C.bank governor: No black market in currencies in Egypt
March 14, 2015
C.bank governor: No black market in currencies in Egypt
Egypt has enforced a set of rules which have eliminated the black market in currency, the central bank governor said…
Italy’s Eni signs heads of agreement with Egypt worth $5 billion over four-five years
March 14, 2015
Italy’s Eni signs heads of agreement with Egypt worth $5 billion over four-five years
Italian oil major Eni signed heads of agreement with the Egypt worth $5 billion (LE3.4 billion) over 4-5 years, the oil…
PepsiCo to invest US$500 mn in Egypt this year
March 14, 2015
PepsiCo to invest US$500 mn in Egypt this year
PepsiCo will invest $500 million in Egypt this year to expand production, its business unit manager for North East Africa…
CEO: UAE firm KBBO plans US$2 bn investments in Egypt
March 14, 2015
CEO: UAE firm KBBO plans US$2 bn investments in Egypt
Khalifa bin Butti Bin Omeir (KBBO) group, a private investment group in the United Arab Emirates, plans to invest US$2…
Egypt launches new administrative capital
March 13, 2015
Egypt launches new administrative capital
Egypt's government launched on Friday a new administrative capital east of Cairo at the cost of $45 billion, during the…
IMF’s Lagarde: Right policies key to meet Egypt’s economic goals and reforms
March 13, 2015
IMF’s Lagarde: Right policies key to meet Egypt’s economic goals and reforms
Egypt can simultaneously achieve goals of economic growth and economic reforms if coupled with the right polices, the International Monetary…
Egypt tycoon says family to invest billions in new projects
March 13, 2015
Egypt tycoon says family to invest billions in new projects
A tycoon from Egypt's wealthiest family said Friday that they are putting up a fifth of the country's investment needs…
Oman pledges $500 mln to Egypt at Sharm conference
March 13, 2015
Oman pledges $500 mln to Egypt at Sharm conference
Oman pledged to give Egypt $500 million in grants and investment over the next five years, the president of the…