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Industry & Trade
Egypt’s Industrial Development Authority to Boost Its Plan with 25% in 5 Years
Dr. Mahmoud El Garf, Chairman, Industrial Development Authority (IDA) revealed that his Authority is targeting to…
EFG-Hermes Completes $150 mln Exit from Leading Jeweler Damas
The Private Equity division of EFG Hermes (HRHO.CA), a leading regional private equity investor, completed today…
Coca-Cola Pledges $500 Million of Investment in Egypt
Coca-Cola Co., the world's largest beverage company, plans to inject new investments in Egypt amounting to US$500…
Oil Development Expands in Qarun Petroleum’s Capacity to 600 Barrels Oil Daily
Oil Development Company Chairman Tarek al-Barqatawi said his company finalized developing an integrated production…
Egypt’s Public Prosecutor Fully Exonerates Sawiris’ OCI of Tax Evasion Claims
OCI N.V. (Euronext: OCI) announced today that the Egyptian Public Prosecutor has fully exonerated the Company’s…
Egyptian Tycoon Sawiris to Buy into German Travel Group FTI
Egyptian billionaire Samih Sawiris is taking a stake of 25 percent to 35 percent in FTI, Germany's fourth-biggest…
Egypt’s New Supply Minister Removes Price Control on Fruit, Vegetables
Egypt has removed on Monday price control on fruits and vegetables which was imposed during resigned prime minister…
Egypt Targets $25 billion FDI by end of 2021/22
Egypt aims to attract $25.2 billion net foreign direct investments (FDI) by the end of the fiscal year 2021/22,…
Solb Misr Allocates $300mn to Resume Building of two plants in 2014
Egyptian steel group Solb Misr is planning to pump new investments amounting to US$300 million within the current…
Egypt’s Civil Aviation Seeks to Create Attractive Atmosphere for Investments
Hossam Kamal, Minister of Civil Aviation, the head of the Civil Aviation Authority and heads of sectors…