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27 Jul 2015

LE500m to construct solar powered compound

A total of EGP 500m in investments will be injected by the Modern Company of Real Estate Investment (MCR) into an integral compound operated by solar power.


The compound will be located in Shorouk City, and will be spread over a space of 10,000 feddans, with the project"......

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27 Jul 2015

Pioneers Holding submits offer to acquire 100% stocks in CHD

Pioneers Holding submitted the compulsory purchase offer for 100% of the stocks of Cairo Housing and Development, at a price of EGP 11.80 [per share], said Khaled El-Tayeb, Member of Board of Directors of Pioneers and the Chairman of Cairo for Housing and Development.


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27 Jul 2015

460 fish farming ponds to be established in Suez Canal

The Suez Canal Authority will begin implementing the National Project for Fish Farming in the Canal Zone, according to Suez Canal Authority (SCA) Chairman Mohab Mamish.


Mamish said the authority has started establishing 460 fish farming ponds, out of a total of 3,828 ponds. He added that President Abdel Fattah"......

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27 Jul 2015

Euromoney annual conference returns to Egypt next Sept.

Euromoney will mark its 20th anniversary in Egypt this year. It will return to Cairo on Sept. 7-8 for its annual gathering of finance and investment professionals. Hany Kadry Dimian, Minister of Finance, will open the conference giving an overview of the macro-economic environment, growth, unemployment, inflation and the subsidy program.

“Egypt...

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27 Jul 2015

Technip in $2.9bn deal to upgrade Egypt refineries

Technip Italy, a world leader in project management for the energy industry, has finalised two joint agreements valued at a total of $2.9 billion with Egypt-based companies for upgrades of two refineries in the North African country.

The contract with Egyptian General Petroleum Corporation (EGPC) and Assiut Oil Refining Company (ASORC) for the modernization...

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27 Jul 2015

Egypt: Inbound tourism up 16.5 percent

The number of tourists visiting Egypt increased by 16.5 percent in May 2015 compared with the same period last year, according to the Central Agency for Public Mobilization and Statistics (CAPMAS), Egypt’s official statistical agency.


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27 Jul 2015

WHO to host World Hepatitis Day in Egypt

The World Health Organization (WHO) will be celebrating for the first time the World Hepatitis Day on July 28, 2015 in Egypt under the slogan "Prevent hepatitis B and C," the African Press Organization (APO) reported. About 1.45 million people die annually from all types of viral hepatitis and thousands are newly infected daily, the APO mentioend. According...

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27 Jul 2015

30 Russian Firms pursue Investment Opportunities in Egypt

A Russian mission encompassing 30 firms is to visit Egypt Sunday to discuss available investment opportunities in the Egyptian Market, Industrial Development Authority's (IDA) vice chairman Magdy Ghazy announced.


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27 Jul 2015

Egypt introduces temporary limits to navigation in the Nile in Greater Cairo

The Egyptian cabinet decided on Sunday to ban navigation in the Nile along Greater Cairo from sunset to sunrise, a limit that will remain in place until the end of September.


This"...

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27 Jul 2015

Vertical Progress Trading Company to be Exclusive Distributor of Obagi Medical Products in the United Arab Emirates

Cellogique Corporation is pleased to announce their newly established partnership with Vertical Progress Trading Company. Cellogique Corporation has granted Vertical Progress Trading Company exclusive distribution of Obagi Medical Products, a division of Valeant Pharmaceuticals.


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