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Investments, CAPEX in food industries sector reached EGP 500 bn in 2017 -FEI
Investment and CAPEX in the food industries sector reached EGP 500 bn in 2017, head of the food industries division…
Stocks to see gains from interest rate cuts
Egyptian stocks are set to outperform emerging-market peers as interest rates drop, Tamim Elyan and Filipe Pacheco write for Bloomberg.…
ExxonMobil Egypt to invest USD 60 mn in Egypt
INVESTMENT WATCH- ExxonMobil Egypt plans to invest USD 60 mn in Egypt, the head of ExxonMobil MENA’s Lubricants unit Hisham…
EKH expands its natural gas investments
INVESTMENT WATCH- EKH expands its natural gas holdings: Egyptian Kuwait Holding (EKH) announced that it has raised its stake in…
Egypt to make next arrears payment in March
Egypt to pay IOCs USD 250 mn next month after USD 300 mn payment last week: Also on the energy…
Israel gas deal supports Egypt’s economic momentum
The Oil Ministry dropped its biggest hint yet that the government will approve a USD 15 bn pact to import…
Correction- SICO not looking to IPO
CORRECTION- We had noted a story yesterday that device-maker SICO, which launched this week its low-cost, assembled-in-Egypt handset, is planning…
Saudi Arabia rejects Qatari proposal of EU-style security pact
Saudi Arabia has no interest in an EU-style regional security alliance proposed by Qatar’s Emir on Friday, Foreign Minister Adel…
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