Egypt's Emmar Misr said on Tuesday its board had recommended to shareholders that the developer offer 600 million shares on the Cairo bourse to raise E£2.8 billion ($366.97 million).
The subsidiary of Emaar Properties, D
Egypt will attract about 20 per cent more visitors this year compared with 2014, the tourism minister said on Monday, as the holiday sector recovers after four years of political upheaval, violence and street protests.
Ghabbour Auto, Egypt's largest publicly traded car assembly and retail company, has deployed a top cabling network, based on the latest solutions from R&M, to deliver high-performance connectivity across an expansive network of three aut
Egypt has issued a five-year tender to lease a second liquefied natural gas (LNG) import terminal, the head of the state gas board told Reuters on Monday, seeking to tackle an energy crisis.
Egypt was once an energy exporter but d
Canada's Bombardier and Egypt's Orascom Construction and Arab Contractors will build a $1.5-billion monorail near Cairo, Egypt's housing minister said.
The 52-km project is set to be completed by mid-2018 with funding
The Egyptian government said it had extended by three months the deployment of "some elements of the armed forces" abroad, enabling it to continue participating in a Saudi-led coalition that has been launching air strikes in Yemen.
Egypt's largest listed automotive assembler and distributor GB Auto has called for lower tariffs on car imports from the United States and Asia, fearing that free trade agreements signed with Europe, Turkey and Morocco will distort competiti
Egypt will begin rolling out a smart card system for subsidised fuel from June 15, the head of the firm overseeing the project said, part of plans to reduce costly energy subsidies over time.
Fuel subsidies have long weighed on Eg
The Egyptian government is working on amending the payment method of a new tax on stock dividends and capital gains, the finance minister said on Thursday, dampening market expectations of any big changes to the unpopular levy.
Qalaa Holdings, one of Egypt's largest investment firms, reported a full-year net loss of E£879.6 million ($115.3 million) on Thursday but said it would return to profit by the end of this year.
Qalaa said its full-year