GE subsidiary wins project in Egypt’s Zohr Gas Field
In a signing ceremony hosted by Eng. Tarek El-Molla, Minister of Petroleum and Mineral Resources for Egypt, Baker Hughes, a GE company announced a...
Mastercard opens Levant HQ in Amman
Mastercard, a leading technology company in the global payments industry, has established its Levant headquarters in Amman, Jordan, coming closer to partners in Jordan,...
China’s Honghua wins Iraq drilling services contract
China-based Honghua Group, a leading global land drilling rig manufacturer, said it has entered into an agreement worth $26 million with an Iraqi firm...
HSBC UK offers mortgage at 0.99% making borrowing cheaper following Brexit shock
The two-year fixed rate from HSBC is the first fixed deal to dip below 1 per cent but analysts say other lenders may follow, leading rates...
Hala Sakr appointed as member of EGX board of directors
The board of directors of the Egyptian Stock Exchange (EGX) approved the appointment of Hala Sakr, managing director of Barclays Bank Egypt, to the...
Abdel Ghaffar praises ACDIMA’s Role in Advancing the Pharmaceutical Industry
Health Minister Khaled Abdel Ghaffar underscored ACDIMA's crucial role in developing and localizing the production of pharmaceuticals and medical appliances in Egypt,...
Egypt central bank to cancel $100,000 individual bank transfer limit
Egypt’s central bank governor Tarek Amer said last week that the central bank will “soon” cancel a $100,000 limit on individual bank transfers. Under currency...
Quincey named new Coca-Cola CEO
The Coca-Cola Company has appointed James Quincey, the president and chief operating officer, as the group's new chief executive officer starting from May next...
Amazon Web Services will lose money on $6.6 billion
Amazon’s cloud computing business is growing fast and will grow from $4.6 billion in revenue in 2014 to $6.6 billion in 2015 and $9.2...
EBRD provides $25m loan to Elsewedy unit
The European Bank for Reconstruction and Development (EBRD) said that it will provide a $25 million loan to the Egyptian copper rods manufacturer United...
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Al Molla inspects the Suez Methanol Derivatives Plant in Damietta
Minister of Petroleum and Mineral Resources Tarek Al Molla has inspected the construction work of the Suez Methanol Derivatives Plant in Damietta...
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...