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Marubeni teams up with Masdar, Elsewedy to invest USD 900 mn in Egyptian wind parks
INVESTMENT WATCH- Marubeni teams up with Masdar, Elsewedy to invest USD 900 mn in Egyptian wind parks: Japan’s Marubeni Corp.…
IMF advises Middle East to cut back on public wages bill
The IMF is advising Middle Eastern countries to work on cutting their public wage bills as “attempts to contain unemployment…
Awqaf sells EGP 404.9 mn worth of shares in bank
Freeing up liquidity? The Religious Endowments Authority sold a stake worth EGP 404.9 mn in the Housing and Development Bank,…
E-commerce platforms embrace regulation in Egypt?
E-commerce platforms embrace regulation in Egypt: Some of the largest e-commerce platforms operating in Egypt, among them Jumia and Amazon…
ICC orders Damietta Ports to pay Doosan USD 74 mn
Damietta Ports lasts USD 74 mn international arbitration case: The International Court of Arbitration has ordered the Damietta International Ports…
Tourism Ministry abandons plan to stipulate minimum rates for hotels.
The Tourism Ministry appears to have abandoned plans to set a minimum charge of per night for hotel rooms in…
Aeroflot won’t operate Moscow-Cairo flights until late February, CEO says
Aeroflot won’t be operating flights from Russia to Egypt until “late February,” when the two countries sign another security protocol,…
EPPC to invest USD 890 in Port Said expansion
INVESTMENT WATCH- The Egyptian Propylene & Polypropylene Company (EPPC) is reportedly planning to spend USD 890 mn over the next…
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