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El Sisi ratifies USD 7 bn RIZ agreement with Russia
El Sisi ratifies agreement with Moscow to build the RIZ: President Abdel Fattah El Sisi has ratified a 50-year agreement…
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Zohr produces 12.2 bcm natural gas in 2018
The Zohr field produced 12.2 bcm of natural gas in 2018, Russian energy giant Rosneft said on Thursday. The company,…
Lebanon hopes to resume natural gas imports from Egypt
Lebanon is hoping to once again import natural gas from Egypt under the terms of a 2009 gas supply contract,…
Sanofi plans to increase investments in Egypt by 50%
INVESTMENT WATCH- Sanofi plans to increase investments in Egypt by 50%: French pharma giant Sanofi is planning to increase its…
Telecom Egypt appoints Adel Hamid as CEO and MD
MOVES- Telecom Egypt has appointed Adel Hamed (bio) as its new CEO and managing director, replacing Ahmed El Beheiry effective…
Saudi’s Olayan buys 5 mn Qalaa Holdings shares for EGP 19 mn
M&A WATCH- Saudi’s Olayan acquires 5 mn Qalaa Holdings shares for EGP 19 mn: Olayan Saudi Investment Company (OSIC) has…
EFG Hermes tops brokerage league for January
EFG Hermes topped the EGX’s brokerage league table for January with a market share of 18.5%, according to figures released…
Egypt’s M2 money supply growth slows to 13.3% in Dec
Egypt’s M2 money supply grew by 13.3% y-o-y in December, slowing slightly from 14% the previous month, CBE data shows.…
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