SIDPEC signs new agreements at EGYPES
Sidi Kerir Petrochemical Company (SIDPEC) signed a memorandum of understanding with Hitachi Zosen Inova AG. The MoU was signed by Engineer Mohamed Ibrahim,...
EIPICO announces the establishment of the Arab Company for Pharmaceutical Raw Materials
The Egyptian International Company for Pharmaceutical Industries (EIPICO) announced on Sunday the formation of the Arab Company for Pharmaceutical Raw Materials as a joint...
FCC unit wins $320m Egypt wastewater plant deal
FCC Aqualia, a leading water management company based in Europe, said it has been awarded a $320-million, contract to design, build and operate the...
EGPC seals oil exploration deals worth $79m with Apache Corporation
The Egyptian General Petroleum Corporation (EGPC) has sealed three deals with Merlon International and Apache Corporation to explore for oil and gas in Egypt's...
Consortium including Western Digital offers $17.4bn for Toshiba chip unit
A consortium that includes Western Digital is offering 1.9tr yens ($17.4bn) for Toshibas memory chip business, which the Japanese conglomerate is trying to sell...
WeWork to raise $4.4bn in funds from SoftBank
WeWork has just raised an extra $4.4bn in funds from SoftBank Vision Fund and SoftBank Group, according to a statement on Thursday by the...
UAE’s SHUAA Capital brokerage firm eyes Business in Egypt
Dubai, SHUAA Capital, the United Arab Emirates-based integrated financial services firm, has announced that it has formally begun discussions with Egyptian regulators for reintroducing its...
Warba Bank discusses issuing Islamic facilities at $200m
Warba Bank is holding talks with other banks to enter the loans market through issuing a 3-year Islamic facility worth $200 million.
The bank aims...
Emaar to offer 30% of its real estate development business in Dubai
Emaar Properties, the builder of the world's tallest tower, plans to offer up to 30 percent of its United Arab Emirates real estate development...
Hoffman and Gates team up investments in “social change platform”
LinkedIn co -founder Reid Hoffman is leading a $30 million investment in Change.org, the for-profit “social change platform” that’s best known as a site...
Facebook Inc. and Snap Inc. could be sitting on a $16 billion revenue opportunity!
In her annual internet trends report, released last week, Kleiner Perkins Caufield & Byers partner, Mary Meeker pointed to a gap in the monetization...
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Petroleum Marine Services Company (PMS) Profits increase 28% in 2023
Minister of Petroleum and Mineral Resources, Eng. Tarek El Molla has attended remotely the general assembly of Petroleum Marine Services Company (PMS) which...
Misr Maintenance Company achieves EGP 8.8 bn revenues
The General Assembly of the Misr Maintenance Company was held on Sunday, March 31, where the results of the company’s work for...
El Molla Witnesses Signing of Two Agreements for Brownfields in Gulf of Suez
Minister of Petroleum and Mineral Resources Eng. Tarek El Molla and ADES Drilling Company CEO Mohamed Farouk have witnessed the signing of...