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Industry & Trade
Egypt Upgrades 11 Railway Stations, with EGP500 mln Costs
Egypt’s Ministry of Transportation has completed the upgrading of 11 railway stations, with an investment cost…
FEI to Review Social Responsibility’s Role for Egypt’s Firms Tomorrow
Federation of Egyptian Industries (FEI) will organize tomorrow Tuesday conference in order to discuss the social…
Egypt’s Proposed Natural Gas Subsidy Reform A Credit-Positive Step: Moody’s
On 20 April, Egyptian Prime Minister Ibrahim Mehleb announced that the government of Egypt (Moody’s: Caa1 negative)…
Suez Cement to Use Coal in 80% of its Production
Suez Cement (SUCE.CA), one of Egypt's largest cement makers by market value, plans to use…
Astrazeneca: Pfizer Made No Specific Merger Offer
AstraZeneca PLC said Monday it didn't receive a specific acquisition proposal from Pfizer Inc. PFE +0.13%, and…
Pfizer Steps up $100 Billion Bid for Astrazeneca
Pfizer Inc. confirmed Monday that it made a renewed approach to AstraZeneca PLC regarding a takeover valued at…
BG Group Eyes Lower Output, CEO Resigns
BG Group PLC today reported that Chris Finlayson will resign as chief executive with immediate effect for personal…
Egypt’s Tanmia Petroleum Reports EGP35 Million Gross Profit in 2013
State-owned Tanmia Petroleum Company recorded gross profit amounting to EGP 35 billion in 2013, said Chairman and…
Supply Ministry Opens Silo in Marsa Matrouh with EGP145m by May-End
Egyptian Ministry of Supply and Internal Trade is planning opening new silo to store in Marsa Matrouh governorate…
Egypt’s Citadel Sells Stake in Sudanese Egyptian Bank
Egypt's Citadel Capital (CCAP.CA) said on Sunday it was selling its majority stake in the Sudanese Egyptian Bank to…