Business

Egypt’s Beltone Financial plans to raise money for growth

Egypt’s Beltone Financial plans to raise money for growth

Egypt's Beltone Financial has received regulatory approval for a two-stage plan to raise up to 242 million Egyptian pounds ($33.85…
Minister: Cairo to launch collective African free trade agreement soon

Minister: Cairo to launch collective African free trade agreement soon

Egypt soon seeks to sign a free trade agreement composed of the three major African blocks, namely the Common Market…
Centamin cuts gold production forecast at Egyptian mine

Centamin cuts gold production forecast at Egyptian mine

Centamin Plc cut its full-year production forecast for the only gold mine it operates, citing lower grades of the underground…
Govt nears asset restructuring of 125 companies

Govt nears asset restructuring of 125 companies

The government is about to set on a massive restructuring bid targeting the assets of 125 of its companies, which…
Egypt’s OCI to build coal power station on Red Sea coast

Egypt’s OCI to build coal power station on Red Sea coast

Egypt's Orascom Construction, a subsidiary of OCI, has announced plans to build a 2,000 to 3,000 megawatt coal-fired power plant…
Egypt’s cement firms overcome gas shortages by importing coal

Egypt’s cement firms overcome gas shortages by importing coal

Several of Egypt's major cement producers have begun retrofitting their plants to run on energy from imported coal, beating high…
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…
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