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%...
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...
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...
WeWork to raise $4.4bn in funds from SoftBank
WeWork has just raised an extra $4.4bn in funds from SoftBank Vision Fund and SoftBank Group, according to a statement on Thursday by the...
FCC unit wins $320m Egypt wastewater plant deal
FCC Aqualia, a leading water management company based in Europe, said it has been awarded a $320-million, contract to design, build and operate the...
SIDPEC signs new agreements at EGYPES
Sidi Kerir Petrochemical Company (SIDPEC) signed a memorandum of understanding with Hitachi Zosen Inova AG. The MoU was signed by Engineer Mohamed Ibrahim,...
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...
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...
Consortium including Western Digital offers $17.4bn for Toshiba chip unit
A consortium that includes Western Digital is offering 1.9tr yens ($17.4bn) for Toshibas memory chip business, which the Japanese conglomerate is trying to sell...
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...
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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...