Egypt, Russia to sign new industrial zone deal by MayFri, Apr. 27, 2018
Egypt and Russia will sign an intergovernmental agreement on setting up an industrial zone in Egypt’s East Port Said region in the Suez Canal Economic Zone.
Egypt’s exports of cement record $28M in Q1-2018Thu, Apr. 26, 2018
Exports of granite and marble rose 7 percent, reaching $47 million in the first three months of the current year, compared to $50 million during Q1 of 2017.
Eni announces the start of Zohr’s second line productionThu, Apr. 26, 2018
Production of the field is scheduled to reach 1.2 billion cubic feet per day in May and two billion cubic feet per day by the end of 2018, amassing 2.7 billion cubic feet per day.
Orange turns into profitability in Q1-2018 with LE 15.9MThu, Apr. 26, 2018
As per standalone profit, the results also turned into profitability in Q1 of 2018 by LE 21.26.
Petroleum min., BP official discuss expanding in ship refuelingThu, Apr. 26, 2018
The meeting came as part of talks that kicked off in February in London to follow up underway efforts and steps to turn Egypt into a regional energy hub.
EGX continues upward trend, market cap exceeds LE1TThu, Apr. 26, 2018
The benchmark EGX30 rose 1.33 percent, or 241.33 points, to close at 18,363.29 points.
LE 25B: Foreign investors’ net purchases in EGX since flotationThu, Apr. 26, 2018
Foreign investors were net buyers during the first quarter of 2018 at LE 8.7 billion, compared to LE 3.1 billion in the fourth quarter of 2017.