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Industry & Trade
Egypt settles $37mln taxes for exporters in return for subsidy arrears
Egypt has settled taxes worth 600 million Egyptian pounds ($37.2 million) with exporters over the past three months…
Naguib Sawiris now Orascom Investments CEO as El Mahdi resigns
Egypt's Orascom Investment Holding (OIH) announced on Monday that its chief executive Tamer EL Mahdi resigned for…
Jeff expands across EMEA as over 100 franchises sold in 2 months
Following the launch of its laundry franchise sales in Egypt two months ago, Mr. Jeff has continued to gain…
World’s largest solar park to provide Green energy to homes in Egypt
After three years of work, construction of one of the largest solar parks in the world is now complete and all its…
Egypt-Israel gas pipeline deal likely to be closed soon – sources
A deal that would transfer control of a natural gas pipeline between Israel and Egypt is expected to be closed in…
Egypt’s Tervina seeks sales growth of 50% in 2019
Egypt-based Tervina Import and Export is targeting a 50 percent growth in sales to register 500 million Egyptian…
Kuwaiti’s Ekuity acquires 30% stake in AluNile
Kuwaiti investment holding company (Ekuity) has acquired a 30 percent stake in Egypt’s Nile Aluminum and Metals…
SCZone to create 1mln jobs until 2030: Zaki
Suez Canal Economic Zone (SCZone) seeks to create million job opportunities until 2030, Yahia Zaki, Head of the…
Saudi Arabia starts IPO of Aramco world’s largest oil company
Saudi Arabia’s state oil company kick-started its initial public offering (IPO) on Sunday, announcing its intention…
Iran strikes initial deal to rebuild Syrian power grid
Iran signed a preliminary agreement with Syria on Saturday to help rebuild the Arab ally’s electricity grid,…