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Cairo Airport launches tender for food and beverage spaces at Terminal 2
Cairo Airport Company opened bidding to food and beverage companies for four restaurant spaces at Terminal 2, according to The…
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NBC News has finalized its acquisition of 25% stake in Euronews
NBC News has finalized its acquisition of 25% stake in Euronews from OTMT chairman Naguib Sawiris for EUR 25 mn,…
LG Egypt to raise capital to EGP 3 bn
LG Electronics decided to raise its Egypt capital EGP 100 mn to EGP 3 bn, LG Egypt’s managing director Don…
PureLife Filters to establish USD 1.3 bn chemical industries factory
PureLife Filters is planning to establish a USD 1.3 bn chemicals plant in Ain Sokhna, company chairman Sayed Habish announced…
VAT hikes movie production costs by EGP 2 mn per movie -Cinema Chamber head
Applying the value-added tax (VAT) increases the cost of movies filmed in Egypt by an average of EGP 2 mn,…
Demand for glasses drops 40% as prices double y-o-y
Demand for prescription eyeglasses and sunglasses have dropped by about 40% from the levels of summer 2016 as prices have…
Hussein Salem acquitted in natural gas export to Israel case
A Cairo court acquitted former shareholder in East Mediterranean Gas Company Hussein Salem of charges of squandering public funds by…
10% hardship raise to be disbursed as part of May’s paycheck
The 10% hardship raise for state employees who do not fall under the Civil Service Act will be disbursed with…
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