Business
CAPMAS: Egypt’s deficit of trade balance decrease 22.5% on July 2014
November 3, 2014
CAPMAS: Egypt’s deficit of trade balance decrease 22.5% on July 2014
Egypt's deficit of the trade balance reached LE19.46 billion during July 2014 versus LE25.11 billion for the same month in…
Egyptian property developer SODIC raises $139 mn for new projects
November 3, 2014
Egyptian property developer SODIC raises $139 mn for new projects
SODIC, Egypt's third-largest listed property developer, has completed a LE1 billion (US$139 million) capital increase to help finance new projects…
Norway’s Hoegh LNG sees Egypt regasification start up in Q1
November 3, 2014
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
November 3, 2014
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
November 2, 2014
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
November 2, 2014
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
November 2, 2014
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
November 2, 2014
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
November 2, 2014
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
November 2, 2014
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…