Latest Business News
China launches own aircraft engine maker
China has set up a state-owned jet engine conglomerate in a push…
Abraj Misr expects EGP 1.6bn in sales by year’s end
Abraj Misr to increase prices of units by 40%, in 10% increments…
Hyde Park offers 9 tenders to speed up construction, finishing
Hyde Park New Cairo announced it would offer five tenders to speed…
Cleopatra Hospital’s board approves 47% acquisition of CSH
Cleopatra Hospital Company (CLHO.CA on the Egyptian Exchange) announced that its Board…
Ousta raises $1.25m from Egypt, UAE investors
Founder and chairperson of Ousta Nader El-Batrawi said his company was able…
Armed Forces Arming Authority negotiate to obtain biometric devices for EHCAAN
The Russian parties demanded the provision of these devices, and that airports…
VAT, depreciation of Egyptian pound could increase real estate prices by 15%-20%
Real Estate Investment Division demands reducing VAT rate on construction contracts from…
Eni to raise Noras field production to 1bn feet of gas a day in 2017
Increase comes alongside efforts to offset natural rate of decline, says source
Household sector acquires 75.3% of total deposits in banks in May: CBE
The household sector acquired 75.3% of the total deposits in banks in…
Adenium coalition agrees with British bank to finance 85% of solar power plant
Contracting to be concluded within two weeks, bank has no trouble with…
