Arab Contractors, Orascom to compete three tunnels in Suez Canal 2018-end
Egypt’s Arab Contractors (AC) and Orascom Construction expect to complete digging three tunnels under the Suez…
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Suez Canal
China’s TEDA inks deal with Sabbour Consulting for two plants in Gulf of Suez
Egypt’s Sabbour Consulting signed a contract Monday with Chinese TEDA Investment Holding to provide engineering…
Misr Emirates Takaful Life targets total 8 branches at FY16/17-end
Newly established Misr Emirates Takaful Life Insurance (METLICO) is seeking to boost its geographical presence in…
National Investment Bank studies $157.6 mln loan for Egypt railway authority
State-run National Investment Bank of Egypt (NIB) is studying securing finances worth 1.4 billion Egyptian pounds…
Banque du Caire to fund Suez Canal Development Projects
Banque du Caire is studying the projects that are planned to be established at the Suez Canal Area Development…
SCI renews Suez Canal’s $349 mln marine fleet insurance policy
Egypt’s composite insurer, Suez Canal Insurance Company (SCI) has renewed an insurance policy contract for Suez…
Misr Insurance compensates Shelf Drilling $45 mln for drillship loss in Suez Canal
Egypt’s Misr Insurance Company has paid Dubai-based Shelf Drilling Holdings compensation worth $45 million for the…
Al Baraka Bank earmarks $112.6 mln for energy, Suez Canal projects in 2016
Al Baraka Bank Egypt, part of Bahraini Al Baraka Banking Group, is planning to pump one billion Egyptian pounds…
Suez Canal’s dollar reserves record $3.183 bln from Jan 1-Aug 6
Egypt’s waterway, Suez Canal made dollar revenues of $3.183 billion during the period between Jan 1 and Aug 6,…
Sisi severely criticizes ‘doubters’, says New Suez Canal a success
Egypt's President Abdel-Fattah al-Sisi slammed "doubters" in a speech given on the occasion of the first…