Business
RPT-Egypt’s Pioneers Holdings offers to buy 60.2 percent of Arab Dairy
November 4, 2014
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
November 4, 2014
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
November 4, 2014
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
November 4, 2014
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
November 4, 2014
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
November 4, 2014
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
November 4, 2014
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
November 4, 2014
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
November 3, 2014
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
November 3, 2014
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…