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GAFI wins MENA investment promotion award
KUDOS: GAFI has been acknowledged as the investment promotion agency that attracted the best investment project in the Middle East…
Telecom Egypt to complete Egypt’s largest international data center in 2021
State-owned Telecom Egypt (TE) plans to bring Egypt’s largest international data center online in 2021, local press reported. The data…
Orascom Construction, Hassan Allam, Samcrete to invest in new railways company
The private sector is getting involved in the government’s move to locally produce railcars: Orascom Construction, Samcrete and Hassan Allam…
Raya Contact Center submits offer to purchase Gulf-based call center company
M&A WATCH- Raya Contact Center has submitted a non-binding offer to purchase an unnamed call center company based in the…
Dana Gas sells Egypt assets to IPR Energy
M&A WATCH- Struggling producer Dana Gas offloads Egypt assets to IPR Energy: Dana Gas has agreed to sell most of…
BP starts gas production at Qattameya gas field
BP has started gas production from its Qattameya gas field in the North Damietta offshore concession through its Pharaonic Petroleum…
VAT Act amendments submitted to Egypt’s House of Representatives
LEGISLATION WATCH- Office space and snack tax? Amendments to the VAT Act that would impose VAT on non-residential property and…
Bond bulls return to Egypt, more than doubling foreign holdings in five months
Foreign investors are piling into Egyptian debt: Foreign inflows into Egyptian bonds have surged to more than USD 20 bn…
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