Business
Minister: 66 hotels meet criteria of green tourism in Egypt
November 24, 2014
Minister: 66 hotels meet criteria of green tourism in Egypt
Minister of Tourism Hisham Zaazou said on Sunday that Green Tourism is no longer a luxury, but a pressing must.In…
Egypt’s Beltone to issue bonus shares, raise capital
November 24, 2014
Egypt’s Beltone to issue bonus shares, raise capital
Egypt's Beltone Financial Holding's unveiled a one-for-two stock dividend plan as part of a two-stage capital increase programme of up…
Investment Minister: Armed forces, public sector not competing with investors
November 24, 2014
Investment Minister: Armed forces, public sector not competing with investors
Investment Minister Ashraf Salman denied claims that armed forces and other public sector companies are competing with private investors in…
Egyptian iron workers suspend all production
November 23, 2014
Egyptian iron workers suspend all production
The workers at the Egyptian and Iron Steel Company (EISCO) went on a total strike demanding 15 months worth of…
UAE’s Abraaj says raises offer price for Egypt’s Bisco Misr
November 23, 2014
UAE’s Abraaj says raises offer price for Egypt’s Bisco Misr
United Arab Emirates-based Abraaj Investment Management has increased the price it is offering shareholders of Bisco Misr to buy the…
Oil, global equities support markets
November 23, 2014
Oil, global equities support markets
A slight rebound in oil prices and a rally in global equities supported most stock markets in the Middle East…
Egypt seeks strengthened investment ties with Saudi Arabia
November 23, 2014
Egypt seeks strengthened investment ties with Saudi Arabia
Egypt said on Sunday it is seeking a strategic alliance with Saudi Arabia, stressing on the necessity to boost trade…
Presidency spokesperson: Govt to issue unified investment law
November 23, 2014
Presidency spokesperson: Govt to issue unified investment law
President Abdel Fattah Sisi has confirmed the government's intention to issue a unified investment law, said presidency spokesperson Alaa Youssef. Saudi…
Egypt’s Amer Group to split into two companies
November 23, 2014
Egypt’s Amer Group to split into two companies
Egyptian real estate company Amer Group plans to split into two companies in an attempt to create more opportunities for…
Egypt hopes to attract $10-12 billion at investment summit in March
November 22, 2014
Egypt hopes to attract $10-12 billion at investment summit in March
Egypt hopes to attract investment of $10-$12 billion in 20 projects, including in energy, transport and water, at a major…