Saudi Al-Othaim Outlines 3-year Investment Strategy for Egypt’s Tourism Sector
Saudi-based Al-Othaim Group is planning to pump investments estimated at 300 million Egyptian pounds (US$42…
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industry & trade
663 New Firms Founded in Egypt during September, Mostly in Sharqia
In October, around 663 new companies have been created in Egypt, totalling EGP 699.4 million in issued capitals, a…
Egypt Buys 60.000 Tonnes of Turkish Steel worth EGP291mn in Two Months
Egypt has imported 60.000 tonnes of Turkish steel during the two months of November and December, Ahmed El-Zeiny -…
NY Times: Delivery of Helicopters Shows Mending of U.S.-Egypt Ties
The New York Times declared today ,according to what security officials said Saturday, that Egypt received 10…
Ethiopian Delegation to Visit Egypt Next March to Boost Bilateral Ties
The Ethiopian-Egyptian Business Council plans to host a delegation from Addis Ababa due to visit Egypt next March,…
Russia Hopes Trade Volume with Egypt up to $10bn Annually
The Russian-Egyptian Business Council seeks a volume of trade exchange between the two countries worth US$10…
Kellogg Outbids Abraaj for Egypt’s Bisco Misr again
Kellogg has raised its bid for Egyptian snack maker Bisco Misr to 86.36 Egyptian pounds per share, topping a rival…
OCI, Arab Contractors Alliance to Deliver Ready Mix Concrete Plant in April
Egypt’s Arab Contractors plans to deliver next April a ready mix concrete plant, in cooperation with Orascom…
Egypt signs First Gas Fracking Contract with Apache, Shell
Egypt has signed its first contract to extract gas by fracking in a deal with Apache and Shell Egypt that includes…
Russia Keen to Invest in Egypt’s Energy, Tourism Sectors – Deputy PM
Several Russian companies are willing to invest in Egypt in fields of heavy industry, agriculture, energy,…
