Business

Investment Minister: Armed forces, public sector not competing with investors

Investment Minister: Armed forces, public sector not competing with investors

Investment Minister Ashraf Salman denied claims that armed forces and other public sector companies are competing with private investors in…
Egyptian iron workers suspend all production

Egyptian iron workers suspend all production

The workers at the Egyptian and Iron Steel Company (EISCO) went on a total strike demanding 15 months worth of…
UAE’s Abraaj says raises offer price for Egypt’s Bisco Misr

UAE’s Abraaj says raises offer price for Egypt’s Bisco Misr

United Arab Emirates-based Abraaj Investment Management has increased the price it is offering shareholders of Bisco Misr to buy the…
Oil, global equities support markets

Oil, global equities support markets

A slight rebound in oil prices and a rally in global equities supported most stock markets in the Middle East…
Egypt seeks strengthened investment ties with Saudi Arabia

Egypt seeks strengthened investment ties with Saudi Arabia

Egypt said on Sunday it is seeking a strategic alliance with Saudi Arabia, stressing on the necessity to boost trade…
Presidency spokesperson: Govt to issue unified investment law

Presidency spokesperson: Govt to issue unified investment law

President Abdel Fattah Sisi has confirmed the government's intention to issue a unified investment law, said presidency spokesperson Alaa Youssef. Saudi…
Egypt’s Amer Group to split into two companies

Egypt’s Amer Group to split into two companies

Egyptian real estate company Amer Group plans to split into two companies in an attempt to create more opportunities for…
Egypt hopes to attract $10-12 billion at investment summit in March

Egypt hopes to attract $10-12 billion at investment summit in March

Egypt hopes to attract investment of $10-$12 billion in 20 projects, including in energy, transport and water, at a major…
NTRA: Mobile operators exceeded poor service legal rate

NTRA: Mobile operators exceeded poor service legal rate

The National Telecommunications Regulatory Authority (NTRA) has said that service by Egypt's three mobile carriers, Vodafone, Mobinil and Etisalat is…
Egypt to offer projects to domestic, foreign investors

Egypt to offer projects to domestic, foreign investors

Egypt will offer a slew of projects to domestic and foreign investors at a conference in March aimed at kick-starting…
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