Business

OCI to spin off construction business and list in Egypt, UAE

OCI to spin off construction business and list in Egypt, UAE

Amsterdam-listed OCI said on Thursday it planned to spin off its construction and engineering business and list it on stock…
Egypt’s stocks gain LE 2.3 billion on Wednesday, while all indexes down

Egypt’s stocks gain LE 2.3 billion on Wednesday, while all indexes down

The Egyptian stock exchange lost ground in Wednesday’s session under pressure from local and foreign institutions purchases, which recorded a net flow…
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…
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