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%...

Saudi Aramco buys $7 billion stake in Petronas’ RAPID refinery project

Saudi oil giant Aramco IPO-ARMO.SE is buying an equity stake in Malaysian firm Petronas' major refining and petrochemicals project in the southeast Asian country,...

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...

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...

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...

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...

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...

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...

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...

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...

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President El-Sisi launches the New Administrative Capital with Copts and Muslims prayers

President, along with religious, military and int’l dignitaries, witnessed the ceremony to inaugurate Nativity of Christ Cathedral and Al-Fattah Al-Alim Mosque. As a true...

Egyptian explosives expert killed defusing a bomb near church in Cairo

An Egyptian police officer was killed on Saturday while attempting to defuse a improvised bomb found near a church in an eastern...

MEO was awarded the best at Hilton’s Media Event!

Hilton Zamalek organized a recognition Media Event to honor the Egyptian Media and Press for their usual support in promoting Hilton Zamalek...
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