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USD 30 bn to be invested in three gas fields in the next four years
Investments worth over USD 30 bn will be spent in Zohr, North Alexandria, and Atoll gas fields in the next…
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EBRD pledges EUR 1 bn this year
Back to foreign funding, the European Bank for Reconstruction and Development (EBRD) is planning to invest EUR 1 bn in…
El Garhy discusses budget in an Al Ahram interview
As for the FY2017-18 budget, Egypt’s total subsidy expenditures are estimated to come in at EGP 385 bn, up from…
State to raise EGP 6 bn from selling stakes in companies on the EGX
Egypt aims to raise EGP 6 bn from the sale of stakes in state-owned companies on the EGX in FY…
UK to invoke Article 50 on 29 March
Elsewhere in the world: The UK will begin the process of leaving the European Union on Wednesday, 29 March. Prime…
Egypt ranks 104th on happiness index
We’ve become a much less happy bunch, according to the 2017 World Happiness Report. Egypt is in the 104th spot…
Earnings watch: Arabian Cement
** Earnings watch: Arabian Cement Company reports a consolidated net profit of EGP 245 mn in 2016, down 11.6% from…
Egypt’s industrial production retreated 2.3% y-o-y in 2Q2016 -CAPMAS
Egypt’s non-oil output retreated 2.3% year-on-year in 2Q2016 to EGP 91.8 bn, according to CAPMAS figures released yesterday. Food production,…
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