Egyptian cable maker El-Sewedy says 9-month net profit jumps 230.7%
Egyptian cable maker El Sewedy Electric reported a 230.7 percent surge in its nine-month net profit to record 1.1…
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industry & trade
Qalaa’s business unit Gozour divests two businesses in Sudan, Egypt
Qalaa Holdings announced Tuesday that RIS - a business unit of its agrifoods subsidiary Gozour- has sold its…
France is Egypt’s fourth largest European investor: minister
France’s total investments in Egypt are standing at around US$ 1.4 billion, to become the fourth biggest EU…
Misr Insurance wins Eni’s supergiant gas find policy bid
The leading insurer in MENA region, Misr Insurance Company has been awarded an insurance policy for the Shorouk…
Qalaa’s Mashreq terminates East Port Said’s liquid bulk station contract
Mashreq Petroleum, a subsidiary of Qalaa Holdings, has terminated a franchise contract to build, operate, and…
Egypt may replace Turkey in Russian market following sanctions
Egypt is seeing an opportunity and is ready to fill the gap resulted in Russia’s decision to ban Turkish imports…
Egypt revamps South African-Egyptian business council board
Egypt’s Industry Minister Tarek Qabil announced Sunday a board revamp of the Egyptian side of the South African-…
Solb Misr defers 20% IPO in Cairo bourse until H2-2015
Egyptian steel group Solb Misr decides to delay share sale of 20 percent in Cairo bourse until the second half of…
Nassef Sawiris’ OCI turns to profitability in H1-2015
Orascom Construction Industries (OCI), owned by Egyptian tycoon Nassef Sawiris, posted a first half net profit…
Petrobel builds 65MW dual-fuel power plant to fill energy needs
Egypt-based joint-venture company Belayim Petroleum – Petrobel has established a dual-fuel power plant with total…