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...
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...
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...
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,...
Morocco’s Attijariwafa buys Barclays Bank Egypt
Attijariwafa Bank (the leading bank in Morocco and part of king Mohammed VI's holding company the SNI) is set to acquire all of Barclays...
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...
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...
Siemens wins UK wind power plant order
Siemens has clinched a major order from Dong Energy to construct an offshore wind power plant with a capacity of 580 MW in Britain.
As...
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...
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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...