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...

AT&T to buy Straight Path Communications for $1.25 billion

U.S. wireless carrier AT&T Inc (T.N) said on Monday it would buy Straight Path Communications Inc (STRP.A), a holder of licenses to wireless spectrum,...
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Eng. El-mulla witnessed ENNPI’s General Assembly and approved business result of FY 2023

Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources, stressed that the vision of development and modernization launched by the Ministry...

SIDPEC business results for the year 2023 exceeds expectations

Eng.Tarek El Molla, Minister of Petroleum and Mineral Resources, confirmed that the Egyptian Petrochemical industry, with its available capabilities, entities and expertise,...

EIPICO great achievements in 2023 and a promising launch in 2024

Dr. Ahmed Kilani, Chairman of the Board of Directors and the Managing Director of Egyptian International Pharmaceutical Industries Company (EIPICO) announced that EIPICO has...