$1.7bn fertiliser plant on wayEgypt's Orascom Construction Industries said Algerian subsidiary Sorfert had signed a deal with Germany's Uhde to build a $1.7 billion fertiliser production plant in Algeria. A statement on the company's Web site (orascomci.com) said Uhde, More… |
Egypt sees 06/7 growth downEgypt expects economic growth at seven per cent in the year ending June 30, below earlier ministerial forecasts of 7.5 per cent. Prime Minister Ahmed Nazif told the parliament that the annual rate of growth in the third quarter between Jan More… |
Danagaz Bahrain deal signedDana Gas has announced the completed acquisition of its Bahraini affiliate, Danagaz Bahrain. The company will be owned 66 per cent by Dana Gas and 34 per cent by reputable Bahraini partners, and as its first investment will lead the More… |
Ezz Steel Q1 net profit jumps 45.6pcEgypt's Ezz Steel, the largest independent steel producer in the Middle East, reported a 45.6 percent rise in first-quarter net profit to 522.8 million Egyptian pounds ($91.7 million). Net profit before minority interest in the same period More… |
Savola nets $187m from Egyptian stake saleSaudi conglomerate Savola said it had sold its 30 per cent stake in Egyptian Fertilisers Company to Abraaj Capital of the UAE for more than double its acquisition price. 'The group (Savola) managed ... to sell its entire 30 per cent stake More… |
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Nakheel developments in focusNakheel’s 17 projects that carry an investment value exceeding $30 billion were the focus of a high-profile meeting. Suzanne Mubarak, wife of the Egyptian President Hosni Mubarak, visited the offices of Dubai World’s flagship property deve More… |
