Food Prices Seen 2% Rise on Fuel Subsidy Cut – Juhayna CEO
Egypt's recent hikes in fuel prices will not negatively affect food products, said CEO of one of the country's…
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industry & trade
Egypt bought 5.1 million tonnes of Wheat in FY2013/14
At total value of $1.5 billion, Egypt has imported around 5.1 million tonnes of wheat during fiscal year 2013/2014,…
Eastern Tobacco Announces Cigarette Price Increases amid Egypt New Tax
Egypt's cigarette monopoly Eastern Tobacco (EAST.CA) announced Monday that it modified cigarettes prices for local…
Egypt’s Sawiris Calls to Cut Energy-intensive Industries’ Subsidies
Egyptian business tycoon Naguib Sawiris has commended Sunday the government's decision to raise fuel and…
Electrolux to Pump $500 million in Egypt Once Roadmap Accomplished
Electrolux, the world's No. 2 home appliances maker, is planning new investments amounting to $500 million in Egypt…
Orascom Hotels names new Executive Chairman
The board of directors of Orascom Hotels and Development (OHD), Orascom Development's largest subsidiary in Egypt,…
Suez Cement: Coal Conversion will cost EGP200 million per Factory
Suez Cement (SUCE.CA), Egypt's biggest listed cement maker by market value, said the investment cost to convert…
El Sewedy Electic wins bid for 6 Land Plots for Wind Farms
Egypt's El Sewedy Electric (SWDY.CA), the Arab world's biggest listed cable maker, announced that the New &…
Egypt’s GASC buys 240,000 tonnes Russian, Romanian Wheat
Egypt's state-owned General Authority for Supply Commodities (GASC) has bought 240.000 tonnes of Romanian and…
OCI’s Egypt Unit appeals Tax Rulling, Sawiris says
Egypt's Orascom Construction Industries S.A.E. (OCI) (OCIC) has appealed a preliminary court ruling in a case filed…