Germany seeks private sector role in Egypt’s development policy
CAIRO: Germany, Egypt’s third largest bilateral donor, is looking to increase private sector cooperation in the country’s development policy toward Egypt, an official said. Dirk Niebel, Germany’s minister for economic…
ASEC to manage Sudanese cement plant
CAIRO: ASEC Engineering and Management signed a three-year renewable contract to provide technical management services for Alsalam Cement Production Company’s (ACPC) cement plant near Atbara in Sudan, the company…
Abducted’ Iranian back home, denies spilled secrets to US
TEHRAN: An Iranian scientist who spent 14 months in the United States in mysterious circumstances denied on his arrival in Tehran on Thursday that he had spilled Iran's nuclear secrets…
Isbank says no immediate plan to buy bank in Egypt
Turkiye Is Bankasi AS, Turkey’s biggest non-government lender, has no immediate plans to buy a bank in Egypt, Deputy Chief Executive Aykut Demiray said. Isbank is looking for…
Feeder vessels carrying Egyptian imports get discount rate
The Suez Canal Authority (SCA) will extend feeder vessels, with a load capacity of 5,000 tons, a discount of up to 30 percent on the charges paid to the…
EGPC signs $2 bln loan-bankers
State-owned Egyptian General Petroleum Corporation (EGPC) has signed a $2 billion, 58-month debt financing that will be used for export finance, bankers close to the deal said. The…
Three Sudan journalists jailed over ‘false reports’, says lawyer
KHARTOUM: Three journalists working for the opposition Rai Al-Shaab newspaper were on Thursday handed jail terms ranging from two to five years for publishing "false reports," their lawyer said. A…
Egypt to provide Jordan more natural gas
Egypt will sign an agreement with Jordan in two weeks under which it will provide the latter with an additional 500 million cubic meters of natural gas annually, according…
Egypt customs revenue up 6.6 pct in year to June: media
Egyptian customs revenue rose to LE 15.03 billion ($2.6 billion) in the fiscal year that ended on June 30, the daily Al-Alam Al-Youm said on Wednesday, citing Finance Minister Youssef…
Egypt index down, awaits earnings
Egypt's index ended lower in a quiet end to the trading week, with investors' cautious ahead of earnings and little news to move stocks. "There is no catalyst to push…