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Industry & Trade
Cairo Court Revokes Nile Cotton Ginning Privatization
Egypt’s Supreme Administrative Court has issued a ruling today invalidating the sale of more than 50% of Nile…
Egyptian Iron & Steel: Development Pact with UK Tata Costs £98.000
Egyptian Iron and Steel (HADISOLB) (IRON.CA) announced that the total amount of its recently signed deal with Tata…
Oil Minister Calls Nasr, Suez Refineries to Support Egyptian Economy
The Egyptian Petroleum Minister, Sherif Ismail, has affirmed on the importance of access safety standards of the…
Majid Al Futtaim Says to Wait for Stability in Egypt, Syria Before Investing
Dubai's Majid Al Futtaim Holding (MAF), the sole franchisee of hypermarket chain Carrefour (CARR.PA) in the Middle…
Saudi Arabia to Send Oil Aids With $ 400 mln to Egypt Next October
Saudi Arab is preparing to send large amount of fuel to Egypt Worth $ 400 million, and the prices will comply…
Grenada Says Egyptian Tycoon Sawiris Planning Major Hotel Investments
Grenada's state-run news agency says an Egyptian telecom mogul and politician is investing millions in the…
Pay up or Dry up – Egyptian Gas at a Crossroads
An offshore gas find in the Nile Delta is strong new evidence that Egypt has the resources to end power cuts and…
GB Auto Bets on Geely Cars and Expansion Beyond Egypt
Egypt's biggest car assembler GB Auto (AUTO.CA) is betting on cheaper, locally assembled Chinese vehicles and…
Dana Gas Says Egypt Can Pay Back Dollar Debt in Local Currency
Dana Gas PJSC offered to allow Egypt to pay back part of the $290 million owed to the company in local currency to…
Dana Gas Waits on $600 mln in Payments from Egypt, Kurdistan
Dana Gas PJSC (DANA.AD) is willing to increase output capacity in Egypt if the government there pays "sufficient"…