Yahoo reported near deal to sell core assets
Internet pioneer Yahoo appears close to a deal to sell its core online assets to telecom giant Verizon. Several media reports hinted an official announcement was likely to be made…
Georgia offers 5 real estate, tourist projects to Egypt investors
Georgia calls for housing investments in luxury, middle, and low-income housing, says embassy economic adviser
Rio Athletes Village ‘not ready’ as Olympians move in
The head of the Australian Olympic team has described blocked toilets and exposed wiring at athletes' residences. The lack of preparedness has dealt yet another blow ahead of next month's…
60% of EIB investment in MENA region directed to Egypt in 2015-2016: chief economist
Among other ventures planned for the near future, the European Investment Bank expects to sign a loan worth €115m with the Gulf of Suez Wind Farm, says EIB’s chief economist…
Mauritania hosts Arab League summit amid tension and Al-Sisi’s absence
In the ministerial meeting ahead of the summit, Shoukry passed authority of the league’s chair to Mauritania
Egyptian renewable energy disinvestment over price and arbitration disagreements
The government’s plans to develop renewable energy is to blame for mismanagement and unfair practices, says Hesham Tawfik
DPI acquires 33.3% of B.TECH, worth $35m
EFG Hermes acted as an advisor to the deal between DPI and B.TECH
Unified sermon is in the best interest of society: Ministry of Religious Endowments
The ministry and its affiliated religious figures responded to Al-Azhar’s rejection of the decision, saying that it aims to control prayer and sermon times
Internet market attracts 200,000 new customers in April 2016
Slight decline in number of subscribers, says Ministry of Communications
Egypt to sign contracts in 3 months for shares of state-owned banks, oil companies on EGX
The IPO programme will span 5 years and priority is given to successful companies, while losing companies will be restructured first, says NI Capital CEO
