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31 Mar 2015

CAMAC Energy Concludes Oyo-8 Completion Operations

CAMAC Energy Inc. (“CAMAC” or “the Company”) (NYSE MKT:CAK) announced today it has finished completion operations on the Oyo-8 well, located offshore Nigeria, and is now ready to commence oil production.


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30 Mar 2015

Beer up: Ancient Egyptian brewery found in Tel Aviv

Pieces of ancient Egyptian beer-brewing pottery dating back 5,000 years have been found during archeological excavations in Tev Aviv among ruins of an Egyptian settlement.


According to a statement from Israel's Antiquities Authority, the shards were found under an office construction"......

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30 Mar 2015

Dubai’s Majid Al Futtaim Rules Out IPO, Plans Egypt, Saudi Expansion

Dubai-based conglomerate Majid Al Futtaim is not planning on listing in the market anytime soon, Alain Bejjani, CEO of Majid Al Futtaim Holding, confirmed on Sunday.


“We have no plans for an IPO for any of our subsidiaries or the overall company,” he told reporters.


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30 Mar 2015

Aabar, Arabtec Consider More Investments in Egypt

Abu Dhabi investment firm Aabar and U.A.E. construction company Arabtec are looking to step up their investments in Egypt, the chairman of both entities said, underscoring the deepening ties between the two countries.


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30 Mar 2015

Egypt Uncovers 'Longest Tunnel' from Sinai to Gaza

Egyptian border guards claimed on Sunday to have uncovered a 2.8 km-long tunnel under the yards of three homes in Rafah, near the Gaza border.

Egyptian military sources told the Bethlehem-based Ma'an news agency that the tunnel was three meters"...

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30 Mar 2015

Egypt's Talaat Mostafa to pay dividend of 0.145 pounds per share

Egyptian property developer Talaat Mostafa's shareholders approved a dividend on 2014 earnings of 0.145 Egyptian pounds ($0.02) per share, to be distributed in two instalments, the company said in a statement on Sunday.


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30 Mar 2015

EGP 300m to develop Gardenia Compound Project’s final phase: Al-Shams CEO

The Al-Shams Company for Housing and Development will inject EGP 300m investments throughout 2015 to develop the fourth and final phase of the Gardenia Compound Project in 6th of October City.


The project includes"...

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30 Mar 2015

Booths and commercial markets to be provided in ‘citizens are priority for care’ housing project

The Ministry of Housing will provide street vendors with cheaply rented booths in new housing projects within various governorates, in addition to all the required services, announced Housing Minister Moustafa Madbouly on Sunday.


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30 Mar 2015

NUCA allocates 195 land parcels in 22 cities


The New Urban Communities Authority (NUCA) will issue on Monday through an auction system 195 pieces of land in 22 cities for service projects, the authority announced.


The move comes under the authority’s plan to allocate"......

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30 Mar 2015

Government allocates free lands for public authorities: Cabinet


The government resumed its decision to allocate new state-owned lands for free to a number of public authorities to establish buildings that offer services to citizens.


This is part of governmental efforts to implement development"......

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