Citadel Capital Says to Establish a new Energy Entity
Citadel Capital (CCAP.CA), the leading investment company in Africa and the Middle East, announced on…
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industry & trade
Egypt Upgrades 11 Railway Stations, with EGP500 mln Costs
Egypt’s Ministry of Transportation has completed the upgrading of 11 railway stations, with an investment cost…
Egypt’s Proposed Natural Gas Subsidy Reform A Credit-Positive Step: Moody’s
On 20 April, Egyptian Prime Minister Ibrahim Mehleb announced that the government of Egypt (Moody’s: Caa1 negative)…
Suez Cement to Use Coal in 80% of its Production
Suez Cement (SUCE.CA), one of Egypt's largest cement makers by market value, plans to use…
Astrazeneca: Pfizer Made No Specific Merger Offer
AstraZeneca PLC said Monday it didn't receive a specific acquisition proposal from Pfizer Inc. PFE +0.13%, and…
Pfizer Steps up $100 Billion Bid for Astrazeneca
Pfizer Inc. confirmed Monday that it made a renewed approach to AstraZeneca PLC regarding a takeover valued at…
BG Group Eyes Lower Output, CEO Resigns
BG Group PLC today reported that Chris Finlayson will resign as chief executive with immediate effect for personal…
Egypt’s Tanmia Petroleum Reports EGP35 Million Gross Profit in 2013
State-owned Tanmia Petroleum Company recorded gross profit amounting to EGP 35 billion in 2013, said Chairman and…
Egypt’s Citadel Sells Stake in Sudanese Egyptian Bank
Egypt's Citadel Capital (CCAP.CA) said on Sunday it was selling its majority stake in the Sudanese Egyptian Bank to…
EgyptAir’s Cairo-Addis Ababa Route is the Most Profitable in Africa: Minister
EgyptAir’s Cairo to Addis Ababa route is one of the most profitable routes in Africa, said Civil Aviation Minister…