Sisi praises Eni’s work, looks forward to more discoveries
President Abdel Fatah al-Sisi praised the cooperation with Italian energy company Eni and its operations in Egypt,…
Browsing Tag
Company
Amazon Studios chief Roy Price on leave of absence amid sexual harassment claim
Amazon said Thursday that Amazon Studios chief Roy Price was on a leave of absence and the company was reviewing…
Amazon is exploring ways to deliver items for car trunk and homes
Amazon has almost perfected speedy delivery to your home. Now the company is working to make sure your packages…
Saudi Arabia establishing $2.7 billion entertainment investment firm
Saudi Arabia’s sovereign wealth fund is creating an entertainment investment company as the deeply conservative…
Trump’s company reportedly pursued Moscow tower while he ran for president
Donald Trump's company was chasing a deal to build a Trump Tower in Moscow while he ran for president in late 2015…
Facebook fights US gag order that it says chills free speech
Facebook Inc is challenging a gag order from a U.S. court that is preventing the company from talking about three…
Egypt signs $3m deal with Lebanon for garments supply
Egypt's Minister of industry and Trade Tarek Qabil said Sunday that an Egyptian garment company has signed a $3…
Garment marker Kabo’s nine-month net profit jumps to 25 mln Egyptian pounds
Egypt’s El Nasr Clothing and Textiles Company- Kabo reported Tuesday that net profit climbed to 25 million Egyptian…
Tourist bookings increased in Egypt: UK firm
UK tour company Thomas Cook announced on Tuesday that it is seeing a rise in bookings by holidaymakers looking to…
Swiss Nestlé investments in Egypt hit $53mn in five years
The total investments of Swiss food and drink company Nestlé in the Egyptian market reached around one billion…
Trump picks his company lawyer for special negotiator
U.S. Republican President-elect Donald Trump has turned to his long-time company's top lawyer to serve as a special…
Egypt’s Sawiris to invest $250m in ailing Brazilian telecom operator
Egyptian billionaire, Naguib Sawiris, is set to invest $250 million to bolster troubled Brazilian telecom company,…
Eni agrees to export part of Shorouk concession
The Italian gas company Eni has agreed with the Egyptian government to export part of the gas produced from Zohr…
Heralding social, financial change, China aims blow at iron rice bowl
China has ordered state firms to smash the decades-old system of providing cradle-to-grave welfare support, known…
Nokia dials back time to sell mobile phones again
Nokia-branded mobile phones are on sale, once again, and being marketed on the Finnish company's website. For now,…
Eni eyes cutting stake in Egypt’s Zohr giant gas field to 50%
Italian oil and gas company Eni is in talks with various parties to cut its stake in the giant Zohr gas field…
Orange to unveil Egyptian unit’s debt restructuring strategy in January
Orange Egypt will announce next January a new strategy for debt restructuring plan in coordination with the parent…
Reese Witherspoon, AT&T venture, form media company aimed at women
Otter Media, the joint venture between AT&T Inc and The Chernin Group, has partnered with Reese Witherspoon to…
Wal-Mart sued over sale of fake ‘Egyptian cotton’ linen
Wal-Mart Stores Inc (WMT.N) was sued on Tuesday on behalf of consumers who said the world's largest retailer sold…
UK Subsea 7 wins Egypt’s Pharaonic Petroleum EPCI Deal
The UK-based subsea engineering, construction and services company Subsea 7 announced Thursday it has been awarded…
French oil firm Total to invest $200mn in Egypt within five years
Egyptian Prime Minister Sherif Ismail met Thursday with officials at the French multinational…
SunOpta gets $85 million from Oaktree Capital to repay debt
Canadian organic food company SunOpta Inc (SOY.TO) (STKL.O) said it has got $85 million from investment manager…
Russian firm eyes developing Egyptian Iron Company
A leading Russian iron and steel firm expressed its keenness on participating in the project of upgrading Egyptian…
Gold production from Sukari Mine rises 41%: Centamin Egypt
Gold mining company Centamin Egypt announced Wednesday preliminary production results for the third quarter of 2016…
VW sets up cyber security firm with ex-Israeli spy chief
Volkswagen is forming a company with the former head of Israel's Shin Bet intelligence agency to develop cyber…
India’s NMC Healthcare plans building $1.6bn-medical city in Egypt
Indian NMC Healthcare company targets establishing comprehensive medical city in Egypt with investments estimated…
Pfizer to buy antibiotics business from AstraZeneca
Pharmaceutical company AstraZeneca (AZN.L) has agreed to sell its small molecule antibiotics business to Pfizer Inc…
Ukrainian, German operators to launch 30 direct flights to Sharm el-Sheikh, Hurghada
Three Ukrainian air charter operators and German company are to launch 30 direct flights every week to Egypt’s…
Egypt’s Al Ahly For Real Estate to launch its first branch in Saudi Arabia
Egypt's property developer Al Ahly For Real Estate Development Company is set to launch a new branch in Saudi…
CONSTEC to build units for SODIC, Porto Group contractual sales of $22mn
Egyptian joint stock contracting company, Construction and Design Co. (CONSTEC), is set to build housing units in…
Egypt’s HELI offers 32 buildings worth $22mn for sale
Egypt’s leading construction company, Heliopolis Company for Housing and Development (HELI) is aiming to offer 32…
Egypt’s PACT cooperates with CISCO to execute White Bay’s technological infrastruct
Egypt-based real estate company, PACT Real Estate Group signed an agreement with worldwide information technology…
Egypt’s Arab Contractors eyes implementing power plants with foreign companies
Egypt’s state-run construction company, Arab Contractors is studying the possibility of entering into power plant…
New Avenue makes $191mn-deals for real estate investments
Egyptian real estate marketing company New Avenue Real Estate succeeded in renting out new administrative…
Egypt state-owned Al Shams Housing posts $1.60 million profits in Q2-16
Egypt’ public company, listed on Egyptian Exchange (EGX), Al Shams Housing and Urbanization (ELSH) boosted higher…
Falcon screening of Sharm El-Sheikh airport delayed to second half of August
The handover of security screening in the Sharm El-Sheikh airport to National Falcon Company for Airport Security,…
SunEdison plans to stop interest payments on yieldcos’ notes
Bankrupt solar company SunEdison (SUNEQ.PK) plans to stop making interest payments on behalf of its two yieldcos,…
Egypt’s HELI starts building a power plant in New Heliopolis City
Egypt’s leading construction company, Heliopolis Company for Housing and Development (HELI), starts implementing…
GlaxoSmithKline and Alphabet establish $715 million bioelectronics firm
GlaxoSmithKline and Alphabet's life sciences unit are creating a new company focused on fighting diseases by…
Aramex founder Ghandour sells entire stake to Boson Ventures
The founder of Dubai-based logistics company Aramex PJSC sold his stake in the parent company to privately held…