Carbon Holdings plans to invest $1.5 billion in Egypt
Egypt’s Carbon Holdings plans to invest up to $1.5 billion in the local market within the coming two years, its…
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industry & trade
COMESA’s 2015 trade with Egypt hit $2.3 billion
The volume of trade exchange between Egypt and the Common Market of Eastern and Southern Africa (COMESA) surged to…
Industrial zone to be built in Egypt’s South Sinai: minister
Egypt’s Minister of Trade and Industry said Saturday that he approved a plan to establish an 820 million Egyptian…
Actis studies expanding in more Egyptian renewable energy sector
Private equity firm Actis is willing to expand its investments in the Egyptian renewable energy sector, Egypt’s…
Orascom Construction records Q1 net income $23 mln vs $5.8 mln year earlier
Orascom Construction posted a first quarter net profit of $23 million, up significantly from $5.8 million a year…
Coca-Cola announces management changes in Asia, Africa
Coca-Cola Co. has shaken up its management Tuesday, replacing the heads of its Asia and Africa businesses, in the…
U.S. TPG in talks to acquire Abraaj’s Spinneys Chain in Egypt: sources
TPG Capital is in talks to buy the Spinneys supermarket chain in Egypt from Abraaj Group, in what would be the U.S.…
Egypt targets direct investments worth $10 billion in FY2016/17: minister
Egypt wants to attract direct investments of up to US$10 billion by the end of the financial year 2016/2017, the…
Egypt receives Siemens’ two gas turbines for Beni Suef power plant: minister
Egypt received the first two gas turbines for the Beni Suef power plant shipped in mid-February by German…
Egypt to launch $17mn fund to boost faltering factories next week
Egypt will launch within next week a new fund tailored to finance the country’s faltering factories, said head of…
