Wednesday, August 23, 2017

EBRD provides $25m loan to Elsewedy unit

The European Bank for Reconstruction and Development (EBRD) said that it will provide a $25 million loan to the Egyptian copper rods manufacturer United...

A new IDB office in Cairo

The Minister of Investment and International Cooperation Dr. Sahar Nasr met with President of the Islamic Development Bank (IDB) Dr. Bandar Hajjar, on the...

HSBC UK offers mortgage at 0.99% making borrowing cheaper following Brexit shock

The two-year fixed rate from HSBC is the first fixed deal to dip below 1 per cent but analysts say other lenders may follow, leading rates...

UK inflation hits highest since 2013

  Last month British inflation recorded its highest level since September 2013, according to official data last Tuesday, underlining a strain on households prior to...

5 companies win tender to supply 250,000 smart electricity metres

Five companies won a tender to supply 250,000 smart electricity metres—out of seven companies that submitted their bids to the Ministry of Electricity and...

Getting youth into the equation

By: Mona Alam el-Din There is no doubt that Egypt's young population represent the core of sustainable development in Egypt and the wealth of our...

Oriental Weavers Q1 profits leap 174%

Oriental Weavers’ consolidated net profit for the first quarter of fiscal year 2017 jumped 174% to EGP 257.59 million, versus EGP 94.16 million for...

Value of MENA food, beverage M&A reaches 8-yr high

The deal value of the MENA region’s food and beverage mergers and acquisitions (M&A) in 2016 reached $3.4 billion, up from $402 million in...

Egypt Aluminum turns profitable in Q3

Egypt Aluminum turned to profits in the third quarter of fiscal year 2016. Net profits reached EGP 138.3 million in the first three months of...

Egypt Gas OGM approves EGP 2/shr dividends

Egypt Gas Company’s ordinary general meeting (OGM) has agreed to distribute cash dividends of EGP 2 per share for fiscal year 2016. Total dividends amount...

Telecom Egypt, Orange ink MoU for mobile services

Telecom Egypt said Thursday that it has signed a memorandum of understanding (MoU) with Orange Egypt for Telecommunications to provide it with infrastructure services...

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Egypt and Japan join forces to upgrade education

  By: Amira Elhamy When two countries, with long rooted civilizations enriched with achievements and history unite together, the outcome of such a union undoubtedly lays...

President El-Sisi two days visit in Germany promoting joint cooperation and ventures to serve...

An Egyptian delegation headed by President Abdel Fattah El-Sisi flew to Germany earlier this week on an official two day visit. The president’s participation...

Egypt’s energy future between reality & Challenges

Egypt is the second largest producer of natural gas in Africa after Algeria, yet Egypt’s power generation infrastructure is dependent on natural gas . More than...