Egypt’s CIB close to finalise sale of CI Capital
Egypt's largest listed bank Commercial International Bank (CIB) said it is in talks with local and Gulf investors…
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Cyber Monday sales biggest online shopping day in U.S. history
Shoppers spent $3.45 billion on Cyber Monday on Samsung 4K TVs, PlayStation 4s and Barbie dolls among other…
Egypt’s Al Nouran to build largest sugar plant in MENA worth $360M
Egypt-based Al Nouran Sugar (ANS) is set to build largest sugar plant in the Middle East and North Africa (MENA)…
Apple to establish R&D center in Shenzhen, bolster China ties
Apple Inc will set up a research and development center in China's manufacturing metropolis Shenzhen, the U.S. tech…
Deutsche Bank gets top investor support, CEO in talks with banks
Deutsche Bank has secured backing from its largest investor and is seeking advice from other banks as it scrambles…
A Deutsche Bank settlement overshadows U.S. equities
Deutsche Bank will likely cast a pall over equity markets next week as the largest German lender navigates a…
Oil extends gains after data shows huge stock draw
Oil prices extended gains by more than 1.5 percent on Thursday after industry data showed what might be the largest…
World’s largest indoor theme park to open in Dubai
The world's largest indoor theme park is set to open in Dubai this month to lure back some of the tourists and…
VW says more than 25,000 workers, six plants hit by production problems
Volkswagen (VOWG_p.DE) on Monday said production at six plants was impacted by interruptions with more than 25,000…
Jewelry maker L’azurde to invest $5.6mn in Egypt by 2016
Largest jewelry designer, manufacturer, and distributor in the Middle East L'azurde plans investing 50 million…
Sisi launches largest petrochemicals complex in Egypt, Middle East
Egyptian President Abdel Fattah al-Sisi launches Saturday petrochemicals complex of Egyptian Ethylene and…
Berkshire profit up 25 percent as insurance helps, BNSF weighs
Berkshire Hathaway Inc on Friday said its second-quarter profit rose 25 percent, helped by improvement in insurance…
Egypt’s CIB posts higher net income, revenues in Q2
Commercial International Bank (CIB) , Egypt's largest listed company, on Wednesday reported a 28 percent rise in…
Abu Dhabi eyes merger of sovereign funds Mubadala and IPIC
Abu Dhabi plans to merge two of its largest sovereign investments funds as the sheikhdom pursues consolidation in…
Dollar falls, sterling soars as polls show reduced Brexit risk
The dollar tumbled on Monday as sterling surged toward its largest one-day percentage gain since 2008 after opinion…
Egyptian asset manager Beltone Financial to buy NYC brokerage firm
Beltone Financial, Egypt's largest asset manager, signed an agreement to acquire 51 percent of New York-based…
Telecoms sector biggest supporter to Egypt’s 2016 budget: minister
The telecommunications sector is the largest supporter to Egypt’s state budget in 2016, said Yasser El-Kady,…
Peabody, world’s top private coal miner, files for bankruptcy
Peabody Energy Corp (BTU.N), the world's largest privately owned coal producer, filed for U.S. bankruptcy…
Egypt’s profitability rates reached 14% : CBE’s Amer
Profitability rates in Egypt reached 14 percent, governor of Egypt's Central Bank (CBE) Tarek Amer said Sunday,…
Italian SACE to develop Egypt’s Midor refinery with $1.2bn
Italian joint-stock company SACE is to fund the project of upgrading Egypt's largest oil refinery Midor near…
17% decline in Egypt’s plastics exports in 2015-report
Egyptian exports of plastics products have been dropped by 17 percent to record 8.1 billion pounds (US$1 billion)…
Ukraine: largest exporter of agricultural crops to Egypt
Ukraine has topped the list of the ten largest exporters of agricultural crops to Egypt within the first seven…
Saudi Arabia is largest importer of Egypt’s non-petroleum products- report
Saudi Arabia has seized 11 percent of Egypt's non-petroleum exports within the last ten months with 12.9 billion…
Egypt inaugurates largest wind power plant in MENA, Africa
Egyptian Electricity and Renewable Energy Ministry inaugurated Sunday the largest wind power plant in Middle East…
Egypt opens largest $250mn wind power plant in Suez tomorrow
Egyptian Minister of Electricity and Renewable Energy Mohamed Shaker is to inaugurate the largest wind power plant…
Intel to secure EU’s okay for $16.7 billion Altera deal
World No. 1 chipmaker Intel Corp (INTC.O) will be given the go-ahead from the EU for its $16.7 billion bid for…
UAE Banks seek to be Largest Financer of Suez Canal Projects
UAE banks seek to obtain the largest share in the financing of projects in the Suez Canal region after the opening…
EGAS to carry out Largest Seismic Exploration Project with PGS
The state-run Egyptian Natural Gas Holding Company (EGAS) to implement the largest seismic oil and gas exploration…
HP Official: Egypt Economy can be among World’s 30 Biggest Economies by 2030
The Egyptian economy is expected to be one of the largest 30 economies in the world in 2030, Yasser ElKady - HP…
Canada’s Valeant in Talks to acquire Egyptian Drugmaker Amoun
Montreal-based Valeant Pharmaceuticals International Inc. is in talks to acquire one of the largest drugmakers in…
August Sectarian Attacks Largest In Egypt History: NGO
The recent attacks against Copts in Upper Egypt in the wake of Islamist president Mohamed Morsi's ouster were the…