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CRBC to begin work on USD 350 mn Nuweiba terminal by end of March
The China Road and Bridge Corporation (CRBC) is planning to break ground on a USD 350 mn multipurpose terminal in…
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Earnings Watch: GB Auto, Cleopatra Hospitals Group, Ibnsina Pharma, Oriental Weavers report 2017 results
EARNINGS WATCH- GB Auto reported a consolidated net loss of EGP 666.9 mn in 2017, narrowing from EGP 865.7 mn…
Dana Gas receives USD 10.4 mn from gas sales to Egypt
Dana Gas received USD 10.4 mn last month from the sale of Egyptian natural gas condensate as part of a…
Egypt looks to raise Zohr output to 700 mcf/d in May
Egypt is looking to raise output from the Zohr offshore gas field to 700 mcf/d in May, Oil Minister Tarek…
Ezdehar Egypt to invest USD 80 mn in export-heavy industrial sectors, non-banking financial services this year
INVESTMENT WATCH- Ezdehar Egypt Mid-Cap fund is planning to invest USD 80 mn this year in Egypt’s export-heavy industrial sectors,…
Reserves at the central bank hit USD 42.5 bn in February, their biggest jump since July
Reserves record their biggest jump since July: The central bank’s FX reserves recorded USD 42.5 bn in February from USD…
House of Representatives approves Railway Act amendments
LEGISLATION WATCH- Parliament approves private sector participation in railway sector development: The House of Representatives approved yesterday amendments to the…
Egypt, Saudi agree to establish SAR 60 bn joint investment fund, deepen cooperation during Sisi and MbS’ first meeting
Cairo and Riyadh to establish SAR 60 bn joint investment fund, sign three other MoUs on Sisi and MbS’ first…
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