EGX gains 136 pts at open on foreign buying
The Egyptian Exchange (EGX) opened Sunday’s trading on a positive note, backed by foreign purchases.
By 10:37am Cairo time, the benchmark EGX30 index grew 1.11%...
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...
WB OFFERS $600 MLN TO EGYPT’S SMALL, MICRO-ENTERPRISES
The World Bank (WB) will provide $600 million to fund Egypt's small and micro- enterprises, said Lead Financial Economist in the WB's Finance and...
Trivago Nears an official Public offering
There’s a good chance you’ve seen quite a few commercials with the “Trivago Guy” with the wry sense of humor. For the most part,...
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...
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,...
Garmco inks $55m expansion deal
Garmco, a leading aluminium rolling mill, has entered into an agreement with Fives, an industrial equipment supplier, to build a new state of art...
Modern packet core network with Ericsson by Mobinil
Egyptian operator Mobinil has successfully launched a modernized packet core network based on Ericsson’s (NASDAQ: ERIC) Evolved Packet Core (EPC) solution, enabling its customers...
Russia’s Rosneft discusses buying a stake in Al-Shorouk concession in Egypt
The board of Russia's Rosneft plans to discuss buying a stake of up to 35 per cent in the Shorouk concession, offshore Egypt, the...
Egyptian Billionaire Sawiris Discloses 6% Stake in Adidas
The Wall Street Journal: The investment vehicle of Egyptian billionaire Nassef Sawiris disclosed Friday that it obtained 6% of the voting rights in Adidas...
J&J to buy Actelion for $30 billion leftright 2/2leftright
Swiss biotech company Actelion (ATLN.S) said on Thursday it had agreed to be purchased by Johnson & Johnson (JNJ.N) in a $30 billion deal.
The...
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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...