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Abu Dhabi merges two funds, creates the world’s 14th largest
Abu Dhabi creates a USD 125 bn fund: The government of Abu Dhabi merged Mubadala Development Co and International Petroleum…
Speed Round
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Russia opens consulate in Hurghada, its third in Egypt
“Soon” could mean a month on restoring Russian tourism: Restoring flights of Russian tourists to Egypt should take another month,…
PM Ismail gives Military Production license to enter pharma industry
Prime Minister Sherif Ismail issued a decree granting the Military Production Ministry a license to operate in the pharma industry…
AMOC to offer additional 10-20% of its shares on the market in 2017 -Chairman
The Alexandria Minerals and Oils Co. (AMOC) could be offering an additional 10-20% of its shares in its IPO this…
EMRA needs new mining bid rules, Werr writes
The Egyptian Mineral Resources Authority (EMRA) is not doing Egypt any favors with the terms and conditions it laid down…
EGAS sets initial price of USD 0.4 per mbtu for private companies to use national gas grid
On step closer to deregulating the gas market: We have inched one step closer to seeing the gas market privatized…
Souq.com is a great company -Majid Al Futtaim CEO
“We never comment on speculation, but I believe Souq is a great company. I’ve got a lot of respect for…
Nestlé to invest EGP 1 bn over coming five years
This comes as Nestlé Egypt will be allocating EGP 1 bn in investments over the next five years to increasing…
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