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Al-Ahram Weekly
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Egypt
8/17/2023 4:26:00 PM
The General Authority for Investment and Free Zones has launched a new e-service to ease the establishment of companies.
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Business
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Economy
8/15/2023 3:31:40 PM
The Egyptian government is set to disburse EGP 4 billion ($129.4 million) to support 744 export companies on Wednesday and Thursday, Minister of Finance Mohamed Maait said in a statement on Tuesday.
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Business
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Economy
8/14/2023 5:58:08 PM
Egypt's General Authority for Investment and Free Zones (GAFI) is planning to promote its new online platform for establishing companies in Egypt to the Arab World and globally, GAFI Vice CEO Yasser Abbas said in a statement on Monday.
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Business
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Markets & Companies
8/5/2023 5:12:57 PM
Turkish companies Vestel, a home and professional appliance manufacturer, and Zorlu, a multinational holding company, are planning to establish a home appliances factory in Egypt with over $70 million investment for the first phase.
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Business
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Energy
8/3/2023 11:11:26 PM
Three major international oil companies have announced a resumption of their operations in Libya after a 10-year absence, the Libyan National Oil Company said on Thursday.
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Business
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Economy
7/30/2023 6:44:33 PM
Egyptian companies operating in the consumer sector are expected to achieve higher profits during the fourth quarter of 2023, according to a report by HSBC Global Research published on Friday.
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Business
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Energy
7/27/2023 9:59:51 PM
Egypt has signed three new agreements worth $319.5 million with the Egyptian Natural Gas Holding Company(EGAS), the Egyptian General Petroleum Corporation (EGPC), and a group of international companies to dig 13 wells.
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Al-Ahram Weekly
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Economy
7/21/2023 6:59:00 PM
With five state-owned companies passing into private hands last week, a closer look is taken at the companies and their new owners.
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Business
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Economy
7/20/2023 12:07:54 PM
President Abdel-Fattah El-Sisi discussed on Wednesday with officials from China’s Wuhan Engineering Co. and Italy’s Ballestra the ongoing cooperation to establish the country’s third industrial fertilizer production complex in Ain Sokhna.
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Business
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Markets & Companies
7/19/2023 7:24:52 PM
The Egyptian Exchange (EGX) indices close in the green territory during the week ending on 19 July, while the market cap rose by over 1 percent. Market expert advises investors to eye state-owned companies.
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Business
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Tech
7/19/2023 5:54:37 PM
The deadline for Microsoft's $69 billion acquisition of video game company Activision Blizzard has been extended as the companies seek to close a deal that has been challenged by regulators in the U.S., as well as by U.K.'s Competition and Markets Authority.
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Business
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Economy
7/18/2023 9:10:51 PM
Over 10 Egyptian fintech companies have partnered with the Fintech Galaxy's open finance platform, FINX, according to a press release on Tuesday.
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World
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International
7/17/2023 11:13:28 AM
Even during a year of sobering economic news for media companies, the layoffs of three Pulitzer Prize-winning editorial cartoonists on a single day hit like a gut punch.
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Al-Ahram Weekly
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Egypt
7/12/2023 11:15:00 PM
On Tuesday, Prime Minister Mustafa Madbouli announced that the government had divested stakes worth $1.9 billion in a handful of state-owned companies.
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Business
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Economy
7/11/2023 7:27:22 PM
Egypt has signed contracts with the private sector to sell state-owned entities worth $1.9 billion under the Initial Public Offering (IPO) programme which the country adopted earlier this year.
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Egypt
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Politics
7/11/2023 4:11:20 PM
The House of Representatives approved a two-article draft law on Tuesday which eliminate tax exemptions for state-owned entities and affiliated companies and boost private enterprise.
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Business
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Economy
7/6/2023 5:06:01 PM
Shell's Egypt unit, BG Delta Limited, and its partners signed an agreement with two Egyptian state-owned energy companies and Malaysia's Petronas to develop the 10th phase of an offshore concession in the Mediterranean, read a statement on Thursday.
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Al-Ahram Weekly
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Egypt
7/2/2023 11:14:00 AM
There are things the government needs to bear in mind as it intensifies efforts to sell stakes in state-owned companies.
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Business
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Tech
6/30/2023 6:03:47 PM
More than 150 leading companies warned the EU's plans to regulate artificial intelligence risk harming Europe's competitiveness and do not go far enough to tackle challenges, in a letter seen by AFP Friday.
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Business
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Tech
6/27/2023 7:48:58 PM
Instagram and Facebook's parent company Meta is adding some new parental supervision tools and privacy features to its platforms as social media companies face increasing scrutiny over their effects on teen mental health.
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