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Industry & Trade
Ministerial Committee to follow up Upper Egypt’s Investment Conference
The Cabinet aims to form a ministerial committee to follow up the latest preparations for an investment conference…
CVC, Temasek buys $2bln Generic Drugs Frim Alvogen- Reuters
European private equity fund CVC and Singaporean sovereign wealth fund Temasek are to buy a controlling stake in…
Russian Conglomerate offers Egypt wheat to be paid for in Rubles
Egypt has received a proposal to obtain wheat shipments from Russia, to be paid for in Russian currency, ruble,…
Russia to set up $5bn Joint Fund with Egypt
Egypt plans to complete establishment of US$5 billion joint fund with the Russian Direct Investment Fund and…
Marriott to manage the Mena House Hotel
The agreement between Marriott International Incorporation and Mena House Hotel has been finalized and will start…
Anthem offers $47 bln for Cigna as insurers race for a deal
U.S. health insurer Anthem Inc (ANTM.N) said on Saturday it had offered $47 billion in cash and stock for smaller…
Egypt to host Eurasian Union Free Trade Negotiations September
Cairo is to host the first meetings for the expert committee responsible for the free trade negotiations with the…
Rosatom eyes Desalination Industry in Egypt’s North Sinai
Moscow-based Rosatom State Atomic Energy Corporation (Rosatom) is keen to build a desalination plant in Egypt’s…
NAT, Arab Contractors, Orascom Construction to complete Cairo Metro Line 3
National Authority for Tunnels (NAT), Arab Contractors (AC), and Orascom Construction (OC) are to hold talks over…
Egypt pays $197mln to import meat for the Holy Month
Private sector's firms have imported meats with total cost of EGP1.5 billion (US$ 196.6million) for the Holy Month…