Business
Kellogg outbids Abraaj for Egypt’s Bisco Misr again
December 18, 2014
Kellogg outbids Abraaj for Egypt’s Bisco Misr again
Kellogg has raised its bid for Egyptian snack maker Bisco Misr to 86.36 Egyptian pounds per share, topping a rival…
Minister: Egypt-China trade exchange to reach $11.5 bn by 2015
December 17, 2014
Minister: Egypt-China trade exchange to reach $11.5 bn by 2015
Commercial exchange between Egypt and China is expected to stand at US$11.5 billion by the end of 2014, with Beijing…
Egypt stock market loses $2.1 billion on Wednesday as oil prices sink further
December 17, 2014
Egypt stock market loses $2.1 billion on Wednesday as oil prices sink further
The market continued its fall on Wednesday amid the plunge in oil prices, losing more than US$3.8 billion during the…
UAE’s Abraaj asks to raise bid for Bisco Misr to 84.66 pounds per share
December 17, 2014
UAE’s Abraaj asks to raise bid for Bisco Misr to 84.66 pounds per share
The UAE's Abraaj Investment Management asked Egypt's financial regulator on Wednesday to approve a revised offer of 84.66 Egyptian pounds…
Minister: Egypt working with Russia on nuclear power plant, car factory
December 17, 2014
Minister: Egypt working with Russia on nuclear power plant, car factory
Representatives from the Egyptian and Russian governments have begun to work out proposals for multiple joint projects in Egypt, according…
Minister: Egypt to pass mining and industrial land laws next week
December 16, 2014
Minister: Egypt to pass mining and industrial land laws next week
Egypt will pass laws next week related to mining and the allocation of industrial land as it pursues reforms to…
Egypt stock market loses $1.7 billion amid oil plunge
December 16, 2014
Egypt stock market loses $1.7 billion amid oil plunge
Egypt stock market lost LE12.5 billion (US$1.7 billion) on Tuesday's session, with the EGX30 Index in closing 3.58 percent down…
CBE : Egyptian banks’ credit reach to LE2.4 trillion during July/Sept 2014/15
December 16, 2014
CBE : Egyptian banks’ credit reach to LE2.4 trillion during July/Sept 2014/15
Egyptian Banks' credit balances moved up by LE13.4 billion to reach LE2.4 trillion during July/September 2014/2015, the Central Bank of…
Petrochemical company gets first Egyptian ISO 50001 certification
December 16, 2014
Petrochemical company gets first Egyptian ISO 50001 certification
Sidi Krir Petrochemicals Company (SIDPEC) has become the first Egyptian firm to obtain the ISO 50001 certification for industrial energy…
UAE’s Abraaj sells 21 pct stake in Integrated Diagnostics Holdings
December 16, 2014
UAE’s Abraaj sells 21 pct stake in Integrated Diagnostics Holdings
Private equity firm Abraaj Group said on Tuesday it had sold a 21 percent stake in Integrated Diagnostics Holdings (IDH)…