Five banks grant syndicated loan of EGP 2.4bn to Oilex for establishment of industrial complex for extraction, refining, packaging of vegetable oils
Loan amounts to 61% of investment cost, financing extends over seven years, including payment and grace period
MIIC praises RMB’s ranking Egypt as best African country to invest in 2019
Ministry will continue implementing economic reforms, expanding investor service centres, free zones in Egyptian governorates, with aim of simplifying investment procedures, says Nasr
Egypt signs $1bn exploration deal, to drill 12 wells
Country’s oil, gas sector will continue in full swing, develop its resources, increasing production to meet domestic market needs, reduce imports
Court orders arrest of Gamal, Alaa Mubarak
Duo accused of illicit gains from sale of Egyptian National Bank, facing charges of insider trading on EGX
Bayern Munich recover from early shock to beat ten-man Bayer Leverkusen
After a furious start in which the visitors took a shock lead from the spot, Bayern took full control against Bayer Leverkusen and took all three points thanks to goals…
Typhoon Mangkhut makes landfall in Philippines
The 'monster' Typhoon Mangkhut has crashed into the northern Philippines coast, prompting a mass evacuation. The storm is also expected to batter southern China.Philippine officials said late Friday that the…
Bundesliga live: Borussia Dortmund vs. Eintracht Frankfurt
Lucien Favre's Dortmund will hope to bounce back after dropping points away to Hannover last weekend. Jacob Bruun Larsen gets a chance from the start, while Axel Witsel is rested…
Our beautiful planet: Blanketing a town in spider silk
Beautiful – or an arachnophobe’s nightmare? Either way, reams of spider silk covering an Australian town was an unusual and arresting sight.For some, the swathes of spider silk blanketing fields…
‘Theater magician’ Christoph Marthaler wins prestigious International Ibsen Award
Swiss director Christoph Marthaler, who currently heads Germany's Ruhrtriennale music and arts festival, has been awarded the 2018 International Ibsen Award. The award is seen as the Nobel Prize of…
Bundesliga: Surprise packages meet after taking different roads
That Bayern Munich are one of three teams with maximum points is no surprise, but the identity of the other two is. Wolfsburg and Hertha Berlin have taken very different…