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Foreign debt obligations rise to USD 82.9 bn at end of December 2017
Egypt’s foreign debt obligations reached USD 82.9 bn at the end of December 2017, or around 36.1% of GDP, up…
Speed Round
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Industrial license issuances are up 25x since Industrial Permits Act, foreign demand for licenses and industrial demand is up sharply –IDA boss
Industrial license issuances are up 25x since Industrial Permits Act: Cutting red tape is doing wonders for industry, with the…
Telecom Egypt inks USD 200 mn financing agreement brokered by China’s Huawei, will use funds to roll out 4G network
TE cozying up to China: Telecom Egypt and China’s Huawei Technologies signed a USD 200 mn long-term financing agreement with…
British American Tobacco plans to invest GBP 30 mn in Egypt over the next 12 months
INVESTMENT WATCH- British American Tobacco is planning to invest GBP 30 mn in Egypt over the next 12 months to…
Eastern Tobacco to sell additional 4% on EGX after Eid Break
IPO WATCH- Eastern Company to sell additional stake on the EGX after Eid Al Fitr: The Eastern Tobacco Company will…
Electronics manufacturing giant Foxconn, which makes the iPhone for Apple, is eyeing Egypt opportunities
INVESTMENT WATCH- iPhone manufacturer Foxconn eyeing Egypt opportunities: Prime Minister Sherif Ismail met on Wednesday with execs from Taiwanese electronics…
Mo Salah to receive treatment in Spain ahead of World Cup
Egypt’s favorite footballer Mohamed Salah will stay in Spain to receive treatment for his shoulder injury from which he (and…
Four Egyptian universities make it to world’s top 1,000 list
Four Egyptian universities make it to world’s top 1,000 list: Cairo University, Ain Shams University, Mansoura University, and Alexandria University…
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