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Parliament passes $11 billion sovereign wealth fund

Wednesday 18/07/2018 13:46

Reuters: Egypt is setting up a sovereign wealth fund with a capital of 200 billion Egyptian pounds ($11 billion), the state news agency said on Tuesd...
MCV wins a deal to supply buses to Singapore

Wednesday 18/07/2018 13:06

By Sherif Essa: Manufacturing Commercial Vehicles (MCV), Egypt’s biggest buses manufacturer, managed to win a global bid to supply 50 hybrid bu...
Cairo real estate market is on path to recovery, JLL

Wednesday 18/07/2018 12:12

TradeArabia: The real estate market in Egyptian capital Cairo has witnessed an ongoing uplift in performance across most sectors with the residential...
TransCanada commissions $1.2bn Topolobampo pipeline project in Mexico

Wednesday 18/07/2018 11:17

Agencies: TransCanada has commissioned its $1.2bn Topolobampo natural gas pipeline project in northern Mexico. Designed to provide upstream interconn...
Government names 5 state companies to float shares under privatisation scheme

Wednesday 18/07/2018 10:28

Reuters: Egypt on Tuesday announced the names of the first five state companies that will offer shares this year as part of a plan to boost public fi...
Stock of South Valley Cement Co. seen as a buy at EGP3.35: Al-Naeem

Tuesday 17/07/2018 21:59

By Ahmed Aly & Mostafa Talaat & Asmaa El-Sayed El-Naeem Research Unit recommended purchasing South Valley Cement Company at EGP3.35 and specif...
MPs threw into question the creation of a sovereign fund in Egypt

Tuesday 17/07/2018 21:23

By Yasmeen Fawaz Egypt's House of Representatives passed Monday a draft law submitted by the government on the creation of Egypt's Sovereign  Fun...
IDWBE is mulling the injection of EGP180mln into real estate financing

Tuesday 17/07/2018 20:27

By Suhair Mohmed & Sayed Badr Industrial Development & Workers Bank of Egypt is mulling the injection of up to EGP180mln financing into the C...
Egypt asks five foreign suppliers of rice to submit technical bids

Tuesday 17/07/2018 19:31

El-Sawy Ahmed Egypt, seeking to endorse foreign suppliers of rice, sent official requests to five countries asking them to submit their respective tec...
Exclusive: Emaar set to up investments in Egypt to EGP100bn in five years

Tuesday 17/07/2018 17:37

By Hazem Sherif Mohmed Alabbar, Emirati billionaire and chairman of Emaar Properties, said that his company's investments in Egypt totaling   EG...