Business

Norway’s Hoegh LNG sees Egypt regasification start up in Q1

Norway’s Hoegh LNG sees Egypt regasification start up in Q1

Norwegian liquefied natural gas shipper Hoegh LNG finalized a five-year contract with Egypt's EGAS to supply a regasification unit by…
UAE’s Abraaj offers $118 mn for 100% of Egypt’s Bisco Misr

UAE’s Abraaj offers $118 mn for 100% of Egypt’s Bisco Misr

UAE's Abraaj Investment Management has made a formal offer of LE850 million (US$118.88 million) for 100 percent of Bisco Misr,…
Egypt’s Suez Cement ups Q3 profit but hampered by energy shortage

Egypt’s Suez Cement ups Q3 profit but hampered by energy shortage

Suez Cement, Egypt's largest listed cement maker by market value, said profits rose sharply in the third quarter though an…
Egypt’s stocks continue rally on Sunday as global backdrop positive

Egypt’s stocks continue rally on Sunday as global backdrop positive

The Egyptian stock exchange continued the rally on Sunday for the fourth consecutive day, supported by a rebound of global…
CAOA chief: Law on government employment to be replaced

CAOA chief: Law on government employment to be replaced

The head of the Central Agency for Organization and Administration has revealed government intentions to replace the 1978 law governing…
Shareholders with 56% of Egypt’s Bisco Misr agree to sell

Shareholders with 56% of Egypt’s Bisco Misr agree to sell

Shareholders holding 56 percent of Egyptian snack maker Bisco Misr have agreed to sell their shares to United Arab Emirates-based…
Egypt signs $350 mn in oil, power financing deals with Saudi

Egypt signs $350 mn in oil, power financing deals with Saudi

Egypt signed $350 million worth of financing agreements with Saudi Arabia on Saturday aimed at upgrading its power grid and…
Forum urges Islamic banks to improve hedge management

Forum urges Islamic banks to improve hedge management

A forum held Saturday by the Union of Arab Banks in Sharm al-Sheikh called upon Islamic banks to reinforce the…
Food Supply Ministry considers providing commodities in return for garbage

Food Supply Ministry considers providing commodities in return for garbage

Domestic Trade and Food Supply Minister Khaled Hanafy said the ministry is considering a project that would give citizens free…
Saudi loan to support Egypt electricity and petroleum sectors

Saudi loan to support Egypt electricity and petroleum sectors

The government signed three deals on Saturday by which Egypt would obtain loans from the Saudi Fund for Development worth…
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