Business
Egypt’s Beltone Financial plans to raise money for growth
November 5, 2014
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
November 5, 2014
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
November 5, 2014
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
November 5, 2014
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
November 5, 2014
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
November 5, 2014
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
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…