Egypt anticipated new administrative capital city would be the biggest smart city in the Middle East (ME), an Egyptian official said Saturday.
Alaa Nessem, head of technical and communication in the New Urban Communities Authority (NUCA), made those (...)
The Egyptian Tourism Federation has launched a call for tenders on a new insurance policy tailored for its assets and premises.
The insurance policy is with total sum insured of up to 112 million Egyptian pounds (US$12.6 million), said an official (...)
Egypt's leading real estate developer, Madinet Nasr Housing and Development (MNHD) aims to record contractual sales of 1.5 billion Egyptian pounds ($168 million) in 2016, managing director Ahmed El Hitamy said Sunday.
Nasr City Housing, a (...)
The European Union has approved new aids programme for Egypt estimated at €500 million to be presented to the parliament within the coming few days.
Egyptian Trade and Industry Minister Tarek Qabil told Amwal Al Ghad Monday that Giulio Regeni's (...)
Egypt has agreed with Italy's Eni to commence production of 1 billion cubic feet per day of gas at the Zohr gas field, the biggest in the Mediterranean, by the end of 2017, Egyptian oil minister Tarek el-Molla announced Tuesday.
Zohr, discovered by (...)
National Bank of Kuwait-Egypt (NBK-E) reported net profits of EGP 284 million (US$36.2 million)for the first half of 2015 compared with EGP 177.7 million for the same period in 2014, growing at 59.8% year-on-year.
Total assets as of end-June 2015 (...)
Egypt's stock market slid Thursday incurring losses worth 718 million Egyptian pounds (US$91.7 million) over a broad local sell-off driven by the Chinese devaluation and its impact on the emerging market.
The market capitalization has hit 484,905 (...)
Kuwait-based Wethaq Takaful Insurance Company announced Thursday it intends to sell its stake in the Egyptian unit, Wethaq Takaful Egypt for KWD1.3 million (US$4.3 million).
The board of the Kuwaiti insurer had given Wednesday the go-ahead to sell (...)
Businessman and owner of Egypt's largest dairy producer Juhayna, Safwan Thabet said Thursday he would appeal against the decision of seizing his assets.
The committee tasked with managing Muslim Brotherhood funds announced in a press conference (...)
Egypt's Central Bank is to issue treasury bonds worth 6,5 billion Egyptian pounds (US$829,8 million), on behalf of the Ministry of Finance.
The bonds will be with maturities of a year and half, three and seven years, according to the central bank's (...)
The blackouts are even worse in the east where the main city of Benghazi has seen only sporadic power in the past few days, shutting down the mobile phone network for much of the day.
Libya will get 250 megawatts (MW) (0.25 gigawatts GW) of (...)
Misr Real Estate Assets' total volume of activity revenues reached EGP390.8 million by the end of fiscal year 2014-2015 versus EGP 270.7 million at the same period of previous year, marking 44.3 % growth rate.
The company-affiliated to Misr (...)