Business - Markets & Companies

Palm Hills on trial

The Egyptian administrative court will convene tomorrow to begin discussing the case of Palm Hills Development’s (PHD) land acquisition.

Airbus raises aircraft demand forecasts

Airbus raises its demand forecasts as the aircraft industry recovers

Egypt's ASEC Cement on track to boost output

ASEC Cement will triple its output in the Middle East and North Africa region by 2013, executives say

Kuwait Energy sells 20 per cent of Egyptian concession to Canadian company

Canada's East West Petroleum has gained 20 per cent of the Burg Al-Arab concession via Kuwait Energy

El-Sewedy to enter new markets

The leading electricity company in the Midddle East is planning to establish two new plants in Russia and Australia

Amer Group wins Fayoum bid

Amer Group has won a bid to develop 2.8 million square metres south of Cairo

Show me some skins: Skinzo... an infant in the business world

Despite his jeans and the laptop hanging off his shoulder, Amr El-Salanekly, 20, is not your average third-year university student. He is co-founder of Skinzo, the first Egyptian company to produce laptop skins.

U.S, Chinese consumption boost oil demand in 2011, EIA, OPEC said

Oil demand forecast for 2011 has increased as consumption is expected to rise in developed countries

Orascom Hotels and Development to delist from the Stock Market

Orascom Development to launch a public tender offer to the remaining minority shareholders in its subsidiary, Orascom Hotels & Development(OHD), and intends to delist OHD from the Egyptian Stock Exchange

SODIC makes its share more appealing

Sodic, the third biggest real estate listed company is to split its share to 5 shares, after its price reached the highest level in 28 months

Circle Oil sales increase due to new oil wells in Egypt

As eight new wells are explored in Egypt, the revenues of Circle Oil heads skywards

Chevron to invest $26 billion in 2011

With business booming, Chevron is looking to expand both production and exploration.

EGX30 breaches 6800 barrier fuelled by Commercial International Bank

The EGX30 ended today in the plus column, advancing 1.47 per cent to close above the 6800 mark.

VimpelCom debts hinder Weather deal

VimpelCom to acquire Weather from Egyptian businessman Sawaris if it succeeds in refinancing its debt. The deal will establish it as the world’s fifth telecommunication company.

Aramex announces expansions in emerging markets

Aramex undertaked new expansionary projects in Asian countries and Turkey.

Egypt's El Sewedy in negotiation to build a wind power plant in Ghana

Egyptian group El Sewedy Electric eyes a three-year wind power project in Ghana. Project value is estimated at $350-400m

Nestle invests $100 million in new Indonesia plant

Nestle, the world`s biggest food group to increase its supply in southeast Asia by investing in Indonesia.

Global IPOs on track for record year

Worldwide markets witnessed an upsurge in initial public offerings (IPO), with emerging markets in Asia claiming the biggest share

OPEC earnings to jump 32 percent in 2010

OPEC oil revenues are expected to increase by 32 per cent according to the US energy Department

National Bank of Egypt and Tri-Ocean to enter Ghana

The National Bank of Egypt and Tri-Ocean Oil company enter Ghana as Egyptian companies try to strengthen their investments in the oil-rich African country

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