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IDG aims to open first factory in New Alamein in 1Q2020
INVESTMENT WATCH- First factory in New Alamein to open in 1Q2020: The Industrial Development Group (IDG) aims to complete the…
Emaar to pay El Nasr EGP 100 mn to settle dispute
DISPUTE WATCH- Emaar to pay El Nasr EGP 100 mn to settle dispute: Property developer Emaar Misr has agreed to…
The AU summit was the talk of the night on Egypt’s airwaves
It was yet another night of intense focus on African diplomacy on the airwaves last night as the African Union’s…
NACC begins talks with major banks for EGP 20 bn financing
The New Administrative Capital Company (NACC) has begun preliminary talks with a number of local banks to secure EGP 20…
ODE to open two new Gouna hotels in coming months
Orascom Development Egypt (ODE) will open two new hotels in Red Sea resort town El Gouna in the coming few…
BdC obtains USD 30 mn loan from Kuwait Fund
Banque du Caire (BdC) has secured a USD 30 mn loan from the Kuwait Fund for Arab Economic Development to…
World Bank approves USD 500 mn loan to support Egypt’s cash-subsidy programs
World Bank approves USD 500 mn loan to support Egypt’s cash-subsidy programs: The World Bank’s board of directors has approved…
Germany removes travel ban restrictions on Taba
Germany has removed flight restrictions to Taba, allowing direct flights to the Sinai city, the country’s foreign ministry said. “The…
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