Russia slaps economic sanctions on Turkey over jet downing
Russian President Vladimir Putin signed a decree imposing economic sanctions against Turkey on Saturday, four days…
EBRD secures €23.4mn for Egyptian food producer Faragalla
The European Bank for Reconstruction and Development (EBRD) is providing 200 million Egyptian pounds (€23.4…
Market regulator approves Suez Canal Insurance’s $6.4mn fund
Egypt's leading composite insurer, Suez Canal Insurance has obtained a regulatory approval to establish its cash…
CAPMAS: Egypt’s subsidies in July, August nearly triple in y-o-y rise
Subsidies in July and August 2015 cost the Egyptian government 15.8 billion Egyptian pounds (US$2…
Egypt’s Industrial Development Bank partners MasterCard for first credit card
The Industrial Development Bank of Egypt is to launch its first credit card in cooperation with MasterCard next…
Petrobel builds 65MW dual-fuel power plant to fill energy needs
Egypt-based joint-venture company Belayim Petroleum – Petrobel has established a dual-fuel power plant with total…
Turkey’s Erdogan says wishes Russian plane downing had not happened
Turkey's president has told supporters that he was saddened by the downing of a Russian warplane by Turkish forces.…
First Equity to pump $63 million into Egypt’s industrial sector
First Equity Partners (FEP), a leading private equity manager in the MENA region, is to pump investments of 500…
Egypt expects to start power output from 1st nuclear reactor by 2024 – PM
Egypt is due to start producing power from its first of four nuclear reactors by 2024, the country's Prime Minister…
BREAKING: Egyptian Military helicopter crashed in Cairo-Ismailia Road
A technical malfunction caused an Egyptian military helicopter to crash on the Cairo-Ismailia Road, the army’s…