UAE’s Aabar acquires 5.1% stake in Palm Hills Development
Deal reflects Egyptian real estate sector’s ability to attract regional and international…
Egypt is engine of growth in Middle East: World Bank Egypt director
The World Bank supports the economic reform measures of the government and…
Government postpones Economic Summit to avoid Chinese New Year
Dispute surrounding Kuwaiti grant valuing $1bn, Ministry of Finance confirms its arrival,…
Egypt’s trade minister to visit Ethiopia in December
Abdel Nour will participate in African Union Ministers of Trade Conference on…
International cooperation ministry denies receiving $1bn from Kuwait
Last aid to Egypt was $350m Saudi loan for electricity projects and…
Foreign reserves register $1.7bn year-on-year decrease in October
October’s figure marks the fourth consecutive increase in foreign currency since a…
Orascom Construction to build $2.5bn-$3bn power plant in Egypt
The four-year project will be executed in cooperation with UAE-based IPIC
BP to invest $240m in Egypt through 2 new exploration blocks
The two exploration blocks was awarded to BP as a result of…
Arabian Cement contributes €7m to facility in Brazil
Move comes as a part of Arabian Cement’s joint venture agreement with…
56% Bisco Misr stakeholders agree to sell Abraaj Group shares
Abraaj Group originally wanted to acquire at least 51% stake of Bisco…