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22 Oct 2018

NBE, NAT, Metro Management sign protocol to develop e-payment system for Cairo Metro

The National Bank of Egypt (NBE), the National Authority for Tunnels (NAT), and the Egyptian Company for Metro Management and Operation signed a cooperation protocol to develop an e-payment system for the Cairo Metro.

Deputy"...

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22 Oct 2018

SAIB’s strategy to be finalised, presented to board by end of 2018: chairperson

The Board of Directors of SAIB Bank will finalise its work strategy in the coming years by the end of this year, according to Tarek El-Kholy, chairperson and Managing Director of the bank.

El-Kholy became chairperson"...

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22 Oct 2018

Blue Valley eyes 20% increase in exports

Blue Valley for agricultural exports aims to increase its exports by 20% next year, by expanding in East Asia and Romania.

Mohamed Abdel Karim, CEO of Blue Valley, said that the company’s exports reached EGP"...

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22 Oct 2018

IDBE, DFC sign cooperation protocol to finance furniture manufacturers

The Industrial Development and Workers Bank of Egypt (IDBE) signed a cooperation protocol with the Damietta Furniture City (DFC) to finance furniture manufacturers and artisans in the new city.

Established on an area"...

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22 Oct 2018

50% of Agrofood production is organic, Europe’s weak production strengthens exports: Hegazy

Agrofood Company achieved sales of EGP 220m this season, compared to EGP 250m last season, marking a 12% decrease.

“Although the volume of exports increased during the current year, the value of products fell"...

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22 Oct 2018

Egypt's GASC seeking soyoil, sunflower oil in tender

Cairo: Egypt's state buyer, the General Authority for Supply Commodities (GASC), said on Sunday it was seeking cargoes of soyoil and sunflower oil in an international purchasing tender.

GASC is seeking at least"...

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22 Oct 2018

Al-Baraka establishes chocolate candy factory with EGP 50m investment

Al-Baraka Sweets aims to establish a new factory in the middle of next year with investments worth at least EGP 50m to increase the size of its exports in the coming years.

Chairperson of the company, Hamdy El-Abraq,"...

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22 Oct 2018

HSBC is bullish on Egypt through 2030

Egypt was ranked 15th out of 75 countries in HSBC’s long-term future growth report. The report, which measures the growth trajectory of these 75 countries through to 2030, models a country’s catch-up potential, population (size and shape), human capital (education and healthcare),"...

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22 Oct 2018

Greeno establishes factory to prepare fresh, frozen vegetables

Greeno Food Industries plans to set up a new factory to manufacture and process fresh and frozen vegetables next year, with investments of €5.5m.

Mohsen Abu Dahab, chairperson of Greeno Food Industries, said"...

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22 Oct 2018

Schlumberger Announces Third-Quarter 2018 Results

• Revenue of $8.5 billion increased 2% sequentially

• Pretax operating income of $1.2 billion increased 5% sequentially

• EPS was $0.46

• Cash flow from operations was $1.8 billion

• Free cash flow was $1.0 billion

"...

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