$127.9mn loan to help EgyptAir through coronavirus crisis – ministry
Egypt’s government will lend the state-owned carrier EgyptAir 2 billion Egyptian pounds (equivalent to $127.39…
Browsing Tag
operations
Egypt to establish six cotton gins; three to start operations end-2020
Egypt’s Public Enterprise Minister Hisham Tawfik said the establishment of six new cotton gins is underway, with…
BP to spend $2.8bn in Abu Dhabi, Egypt for MENA presence
Oil major BP aims to spend $1.8 billion in Egypt next year and $1bn annually in Abu Dhabi as it looks to expand its…
U.S. Modus Capital launches operations in Egypt
New York-based entrepreneurial development and investment fund Modus Capital announced Thursday the launch of its…
Uber, Careem Egypt licence appeals to be heard today
Uber and Careem will defend their rights to operate in Egypt in court on Saturday, appealing against an…
Dubai Emaar Hospitality adopts Microsoft tech to optimise operations
Microsoft has announced that Emaar Hospitality Group, the hospitality and leisure business of Dubai-based Emaar…
Uber, Careem hail Egypt’s new law permitting operations in 2 months
Two prominent ridesharing companies Uber and Careem hailed a new Egyptian law passed on Monday that will permit and…
Egypt’s food producer Obour Land to invest 200 mln pounds in 3yrs
Egypt's Obour land seeks to invest 200 million pounds in the country
Uber, Careem to continue working in Egypt’s pending higher court ruling
A Cairo court of urgent matters ordered on Saturday that the two ride hailing services Uber and Careem are to…
No violations reported during Egypt’s 2018 presidential elections: Moussa’s…
The campaign of Egyptian presidential candidate Moussa Moustafa Moussa said on Tuesday that its operations room…
Philippine police say 13 killed in one day of drug busts
Philippine police killed 13 suspected drug dealers and arrested more than 100 people in dozens of anti-narcotics…
Egyptian army kills 4 takfiris, arrests 417 criminal elements in north and central Sinai
Four “takfiris” were killed by the Egyptian Armed Forces in northern and central Sinai, the army said in a…
Egypt’s 4 consumer services sectors seize 40% of natural gas production: EGAS
Egypt’s four consumer services sectors captured nearly 40 percent of the county’s natural gas production, exceeding…
Dow plummets 666 points, capping worst week in 2 years
U.S. stocks fell sharply on Friday after a stronger-than-expected jobs report sent interest rates higher. The Dow…
Egypt’s EMISAL to join forces for salts complex in Marsa Matrouh
The Egyptian Salts and Minerals Company (EMISAL) is planning to establish an industrial complex to produce salts in…
EGX to close Thursday for 25 Jan. Egyptian Revolution
The board of the Egyptian Exchange (EGX) has said that the bourse will be closed for holiday on the occasion of…
Dow surges 142 points to record, erasing earlier losses as Senate reaches deal to end…
Stocks closed higher on Monday, erasing slight losses from earlier in the session, as U.S. lawmakers reached a…
Dollar regains footing after US government shutdown, higher yields support
The dollar regained some footing on Monday after slipping earlier on a U.S. government shutdown, supported by…
Oil edges up on falling US crude inventories, but supply remains ample
Oil prices inched up on Thursday on a reported decline in U.S. crude inventories, but prices stayed below recent…
Egypt on track to execute three plants in El-Dabaa: Housing Minister
Egypt is carrying out two water desalination stations and one sewage plant in El-Dabaa city, 183.9 miles (295.9km)…
Dollar bruised by worries over China’s stance on US bonds
Dollar prices nursed losses against the yen on Thursday, having suffered its biggest one-day drop in nearly eight…
Gulf to be supported by surging oil price
A surging price of oil looks set to give Gulf stock markets a firm tone on Wednesday even though there is little…
Suez Canal revenues increase to 8.1 bln Egyptian pounds in November
Revenues of the Suez Canal Authority (SCA) rose to 8.1 billion Egyptian pounds ($453.5 million) during November…
General Electric mulls options for aircraft leasing unit: report
General Electric is exploring options for its aircraft leasing operations, including the sale of all or part of…
Apple says no operations were moved from Ireland
Apple Inc said none of its operations were moved from Ireland and that changes made to its corporate structure in…
Germany’s KFW bank finances €1.8 billion flagships in Egypt
Germany's state-run development bank KFW has provided financing for projects currently in the country that is…
Uber CEO heads to Brazil amid new legislative threat
The chief executive of Uber Technologies Inc, Dara Khosrowshahi, will visit its operations in Brazil next week,…
ECETA, Hill International sign MoU to develop operations capabilities in Egypt
ECETA, a part of Egypt's Al Ahly for Real Estate Development, has signed a Memorandum of Understanding (MoU) with…
Barons Court says Alex West’s housing part to cost 15bn Egyptian pounds
Egypt’s property developer firm, Barons Court Sports and Leisure says it plans to execute the housing part of Alex…
Saudi stocks edge up on stable insurers, no earnings boost for QNB
Saudi Arabia’s stock market staged a modest rebound early on Thursday as insurance stocks stabilised, while solid…
Oil prices stable as OPEC says market is rebalancing
Oil prices were steady on Tuesday as OPEC said there were clear signs the market was rebalancing and as U.S.…
Bitcoin rallies to hit one-month high but experts warn of volatile upcoming event
Bitcoin staged a rally over the weekend to hit a one-month high despite experts warning of a potentially volatile…
Moscow warns it may restrict U.S. media in Russia
Russia is within its rights to restrict the operations of U.S. media organisations in Russia in retaliation for…
UN peacekeeping missions not a substitute for governments’ role: Sisi
The UN's peacekeeping operations should not replace the role of governments in maintaining peace in conflict areas,…
Dubai wins a mandate for final phase of solar park
The Gulf desert emirate of Dubai on Saturday announced the award of a $3.8-billion contract for the final phase of…
Egypt’s Pharos Holding eyes 7.5bn pounds agreements in 18 months
Egypt’s Pharos Holding investment bank is targeting deals worth 7.5 billion Egyptian pounds ($427.84 million) in…
Oil dips as US floods cause large-scale refinery shutdowns
Oil prices slid on Wednesday as refinery shutdowns in the wake of Hurricane Harvey cut U.S. demand for crude, the…
In China, the Party’s push for influence inside foreign firms stirs fears
Late last month, executives from more than a dozen top European companies in China met in Beijing to discuss their…
US navy pauses operations after 10 sailors lost in collision
The US Navy declared a worldwide pause in its operations on Monday after the latest in a series of accidents left…
Philippines war on drugs and crime intensifies, at least 58 killed this week
At least 26 people died overnight in police operations in the Philippines capital Manila, authorities said on…