Business

RPT-Egypt’s Pioneers Holdings offers to buy 60.2 percent of Arab Dairy

RPT-Egypt’s Pioneers Holdings offers to buy 60.2 percent of Arab Dairy

Pioneers Holdings has offered to buy 60.2 percent of Arab Dairy at 56 Egyptian pounds ($7.83) per share, the Egyptian…
Egypt’s stocks continue rally for 6th day as foreign investors buy

Egypt’s stocks continue rally for 6th day as foreign investors buy

The Egyptian stock exchange continued to rally on Tuesday for the sixth consecutive day, supported by foreign institutions' buying appetite…
Minister: Egypt’s natural gas delivery to reach 2.6 million homes during next 3 years

Minister: Egypt’s natural gas delivery to reach 2.6 million homes during next 3 years

The Egyptian government has announced it aims to deliver natural gas to 2.6 million homes, during the next three years…
Telecom Egypt expects to take 5% of mobile market in one year

Telecom Egypt expects to take 5% of mobile market in one year

Telecom Egypt CEO Mohamed al-Nawawy has called for expediting issuance of the fourth mobile carrier license, which was approved by…
13% growth in telecommunications sector next year, says minister

13% growth in telecommunications sector next year, says minister

Minister of Communications and Information Technology Atef Helmy said that the telecommunications sector grew by 9.8 percent of GDP and…
Growth in Egyptian business activity slows in October

Growth in Egyptian business activity slows in October

Business activity in Egypt expanded in October for the third straight month, a survey showed on Tuesday, but the pace…
Kuwait agrees to increase crude oil exports to Egypt

Kuwait agrees to increase crude oil exports to Egypt

Kuwait Petroleum Corporation has agreed to increase its monthly exports of crude oil to Egypt from 1.5 million to 2…
Egypt’s Arabian Cement agrees joint venture with Brazil’s Cementos La Union

Egypt’s Arabian Cement agrees joint venture with Brazil’s Cementos La Union

Egypt's Arabian Cement has entered a joint venture for cement grinding with Brazil's Cementos La Union worth 23 million Euros(28.76…
EGX30 rises 1.4% on Monday, gains LE4.2 billion

EGX30 rises 1.4% on Monday, gains LE4.2 billion

The Egyptian stock exchange continued to rally on Monday for the fifth consecutive day, supported by buying of foreign institutions…
IDA opposes investment law in the works

IDA opposes investment law in the works

The government’s Industrial Development Authority has submitted a memo to the Ministry of Trade and Industry including its objections to…
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