Banque Du Caire pumps $80 million in ElSewedy Electric’s Loan
Banque Du Caire is pumping US$80 million in a loan arranged for Egypt’s ElSewedy Electric Company, a banking source…
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industry & trade
Egypt cancels Wheat Tender as U.S. Prices too high to compete
Egypt, which got a $100 million credit line from the U.S. to purchase American wheat, said it canceled a tender to…
L’Oréal opens its Egypt Factory to meet Beauty Demands of Consumers in MENA
L’Oréal announced on February 9th the inauguration of its first factory at the heart of the Arab World, located…
Egypt Oil Ministry targets raising EGP15 billion from Planned IPOs
Egyptian oil sector seeks to raise around EGP 15 billion (around US$2 billion) from its firms’ planned IPOs on the…
Egypt presents Investment Opportunities in 10 Sectors at Economic Summit
Egypt will present investment opportunities in 10 sectors, notably in energy, at the country’s economic summit to…
Beltone, KPMG promote Logistics Centre, Global Trade City for Egypt Summit
Egyptian government has tasked Beltone Financial Holding and KPMG with promoting two giant projects worth 53…
Egypt’s Paper Exports fall to EGP2 billion in 2014
Egypt’s paper products exports reported a 16% decline in 2014 to reach 2 billion Egyptian pounds (US$261.8…
Qalaa plans to raise $300 million from Sale of Non-core Assets
Qalaa Holdings, one of Egypt's largest investment companies, aims to raise around US$300 million in the medium term…
Egypt-Kuwait Alliance to invest in $6.8 billion Fertilizers, Petrochemical Projects
Egyptian and Kuwaiti companies agreed on Sunday preliminary deals for the establishment of petrochemical and…
Apache now keeping Egypt, North Sea Units -CEO
Apache Corp has tabled its plans to sell or spin-off its businesses in Egypt and the North Sea because those…
