Tuesday 31 March 2015
 
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Egypt

Al Shams to develop final phase of Egypt residential project

Egypt's Al Shams Company for Housing and Development will pump E£300 million ($39 million) this year to develop the fourth and final phase of the Gardenia Compound project in 6th of October City in Cairo. Targeted at mid

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Arab summit agrees on unified military force

Arab leaders at a summit in Egypt announced the formation of a unified military force to counter growing security threats from Yemen to Libya and as regional heavyweights Saudi Arabia and Iran engage in sectarian proxy wars. Worki

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Arab ministers to form unified military force

Arab foreign ministers meeting in Egypt agreed a draft resolution yesterday (March 26) to form a unified military force, in a move aimed at countering growing regional security threats. Foreign Minister Shaikh Khalid bin Ahmed Al

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PTT keen to sell stake in Egypt gas pipeline business

Thailand's largest energy firm PTT wants to sell its 25 per cent stake in Egyptian company East Mediterranean Gas (EMG), which operates a now defunct natural gas pipeline, chief financial officer Wirat Uanarumit said.  

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Amer starts work on 440-room Jordan resort

Egyptian real estate company Amer Group said on Thursday it had begun the construction of a JD150 million ($211 million) resort on Jordan's Dead Sea coast, due to be completed within six months. The 440-room resort is part of

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Amer starts work on 440-room Jordan resort

Egyptian real estate company Amer Group said on Thursday it had begun the construction of a JD150 million ($211 million) resort on Jordan's Dead Sea coast, due to be completed within six months. The 440-room resort is part of

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Egyptian group plans $261m tourism projects

Cleopatra Group for Real Estate Projects has announced plans to invest E£2 billion ($261 million) into tourism development projects at Marsa Allam area of Egypt  over the next two years, said a report. The project, whic

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Egyptian group plans $261m tourism projects

Cleopatra Group for Real Estate Projects has announced plans to invest E£2 billion ($261 million) into tourism development projects at Marsa Allam area of Egypt  over the next two years, said a report. The project, whic

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Egypt steel group plans $200m investments

Solb Misr, a leading Egypt-based steel group, will invest around EGP1.6 billion ($200 million) in projects that it is currently developing, said the company chairman. The investment plan will last till 2017, Gamal El-Garhy, was qu

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Egypt, Ethiopia, Sudan sign historic Nile dam deal

Leaders from Egypt, Ethiopia and Sudan signed a co-operation deal on Monday over a giant Ethiopian hydroelectric dam on a tributary of the river Nile, in a bid to ease tensions over regional water supplies. The leaders said the &q

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