Business
NBAD, HSBC, National Bank of Egypt arrange $1.5 bln syndicated loan for Egypt’s state oil company
November 30, 2014
NBAD, HSBC, National Bank of Egypt arrange $1.5 bln syndicated loan for Egypt’s state oil company
The Egyptian General Petroleum Corporation has secured a $1.5 billion syndicated loan from National Bank of Abu Dhabi (NBAD), HSBC…
Suez Cement to build wind power station
November 30, 2014
Suez Cement to build wind power station
Egypt’s Suez Cement said invested LE44.5 million (US$6.22 million) to build a waste treatment facility in Kattameya Plant, according to Managing…
Operator of Egypt’s largest gold mine seeks army partnership
November 30, 2014
Operator of Egypt’s largest gold mine seeks army partnership
Egypt’s Investment Ministry has approached Prime Minister Ibrahim Mehleb with a memorandum requesting approval of a partnership between the Armed…
Banks to arrange $1.5 bln loan for Egypt to repay foreign energy firms
November 28, 2014
Banks to arrange $1.5 bln loan for Egypt to repay foreign energy firms
HSBC, National Bank of Egypt and National Bank of Abu Dhabi will arrange a $1.5 billion syndicated loan to Egypt's…
EU gives Cairo annual donation of 1 billion euros
November 28, 2014
EU gives Cairo annual donation of 1 billion euros
Alongside efforts to boost Egypt's green energy sector, the European Union is helping Cairo achieve ambitious goals through providing annual…
175 companies bid for renewable energy projects
November 28, 2014
175 companies bid for renewable energy projects
The Electricity Ministry declared 175 companies have bid for renewable energy contracts after the tariffs for power supply using renewable sources…
Egypt’s Qalaa to issue shares by May for swap, restructuring
November 27, 2014
Egypt’s Qalaa to issue shares by May for swap, restructuring
Egypt's Qalaa Holding will issue shares worth 4 billion Egyptian pounds ($560 million) by May 2015 to advance a major…
Egypt’s stock market gains LE2.4 billion on Thursday, EGX30 up 0.99%
November 27, 2014
Egypt’s stock market gains LE2.4 billion on Thursday, EGX30 up 0.99%
The Egyptian stock exchange on Thursday closed on a positive note for the third consecutive session at a turnover of…
Egyptian pound steady on official, stronger on black market
November 27, 2014
Egyptian pound steady on official, stronger on black market
Egypt's pound held steady at a central bank dollar sale on Thursday but strengthened slightly on the unofficial market.The bank…
Public and private sectors in telecom partnerships up to LE7 billion
November 27, 2014
Public and private sectors in telecom partnerships up to LE7 billion
Giant information technology projects are to be carried out via public and private sectors partnerships (PPP) worth of from LE500…