Juhayna private offer oversubscribed
CAIRO: A private offering in Egypt's Juhayna Food Industries, part of a plan to raise about LE 1 billion ($176.5 million), was 1.75 times oversubscribed, the financial adviser said on…
Bright sparks of Palestine
ABU DHABI: On our program we have a special segment called “Bright Sparks” that features the rising stars of the next generation, those that are coming up with bright ideas…
Egypt, China meet on bilateral ties
Bilateral trade between China and Egypt reached $6 billion in 2009, reported Xinhua news agency, and the two pledged in a recent meeting to strengthen strategic cooperation. A…
Egyptian exports to Saudi Arabia hit 1.3 bln
Egypt Minister of Trade and Industry Rachid Mohamed Rachid visited Saudi Arabia where he met with Saudi Minister of Commerce and Industry Abdullah bin Ahmed Zaynal Ali Reza, to…
Egypt pound slips, tracking four-year euro low
The Egyptian pound weakened against the dollar, tracking the euro's decline against the US currency to a four-year low. "What is happening is a reflection of what is happening with…
Electricity ministry, Kharafi in power plant talks
Officials at the Ministry of Electricity and Energy renewed talks with Al Kharafi Group to establish a power plant worth $1 billion to produce 750 MW, reported Al-Mal newspaper. …
Naeem gets offers for Arabeya Online stake
Egyptian investment bank Naeem Holding has received offers for its 80 percent stake in Arabeya Online Brokerage and hopes to conclude a sale within a month and a half, Arabeya…
Fire damage in Egypt's Lecico warehouse at $12.3 mln
Fire that engulfed an export warehouse belonging to Egyptian sanitary ware and ceramics maker Lecico last week caused damage worth LE 70 million ($12.3 million), the firm said in a…
Arab League chief to make unprecedented Gaza visit next week
CAIRO: Arab League chief Amr Moussa will make a groundbreaking “solidarity” visit to the Israeli-blockaded Gaza Strip next week, top aide Hisham Youssef told AFP on Monday. The…
France, Britain urge international Gaza inquiry
PARIS: The foreign ministers of France and Britain said an "international" inquiry was necessary to resolve the dispute over Israel's deadly raid on Gaza aid ships, after talks late Sunday…