Egypt establishes new company with 2 affiliated factories for producing tires

Wed, 13 May 2020 - 03:50 GMT

Terras said, in a statement on Wednesday, that it was agreed to establish a new company subject to the law of the Arab Organization for Industrialization in partnership between the authority and the Holding Company for Chemical Industries to produce all t

EGAS contributes to establishing company by $6M

Wed, 22 Jan 2020 - 02:02 GMT

It clarified that 25 percent of the amount will be paid in advance, at a value of $1.5 million.

Family Business: The Hidden Gem

Tue, 10 Dec 2019 - 05:38 GMT

The trials and tribulations of keeping it in the family

‘Egypt Street’ risks failure after closure of some food carts

Wed, 10 Jul 2019 - 09:26 GMT

Two years after its inauguration, ShareaMisr (Egypt Street) is facing major crises that put it at risk of closure as a number of food carts have already been shut down.

New partnerships in aluminum, smart transportation sectors

Sat, 01 Jun 2019 - 11:20 GMT

The partnerships involve German and Slovak companies.

Expertise: Internationalization and Localization of brands

Wed, 27 Mar 2019 - 11:06 GMT

CEO and Founder of BiznEx|Franchisingate (Go to Market Business Consultancy) CEO and Founder of The Franchise Team, Dubai.

Egypt launches joint stock company to manage multi-purpose stations

Thu, 06 Sep 2018 - 01:52 GMT

The Alexandrian-based company is tasked with constructing and running a multi-purpose stations to handle containers and general cargo in eight docks at Alexandria port, Transportation Minister Hesham Arafat said in a statement on Thursday.

Business News Wrap-up

Tue, 15 May 2018 - 05:10 GMT

A wrap-up of the most prominent business news of the day.

Snap hires Amazon veteran Tim Stone as CFO

Tue, 08 May 2018 - 08:20 GMT

Snapchat-owner Snap Inc said Tim Stone, an Amazon. com veteran would replace Andrew Vollero as chief financial officer.

Saudi's Tayyar to expand online travel business into Egypt

Tue, 19 Dec 2017 - 12:16 GMT

Al Tayyar Travel Group, Saudi Arabia’s largest travel company, is planning to expand into Egypt in early 2018.

September saw the foundation of 935 companies: CAPMAS

Thu, 23 Nov 2017 - 03:35 GMT

Some 935 companies were founded in September 2017 with a total capital of LE 2.4 billion.

Nintendo nearly doubles net profit forecast on Switch console

Mon, 30 Oct 2017 - 10:02 GMT

Nintendo nearly doubled its full-year profit forecast Monday as it pointed to sizzling sales of its Switch games console and a cheaper yen.

BRIEF-Evolable Asia to fully acquire Osaka-based travel company

Tue, 10 Oct 2017 - 11:06 GMT

Evolable Asia Corp says it plans to acquire 34.4 percent voting power in Osaka-based travel company on Oct. 10, at an undisclosed price.

Airbus shares fall as CEO warns of turbulent times ahead

Mon, 09 Oct 2017 - 08:54 GMT

Shares in Airbus fell on Monday, with traders attributing the decline to comments from the company’s chief executive who had warned of turbulent times ahead.

Red Bull and Renault set to split after 2018 - reports

Thu, 14 Sep 2017 - 04:05 GMT

Former world champions Red Bull and engine supplier Renault are set to part company after the 2018 Formula One season, media reports said on Thursday.

New textile co. in Egypt with investments of $400M: Indian Amb

Tue, 12 Sep 2017 - 09:08 GMT

Indian ambassador announces a new textile company in Egypt with investments up to $400M.

"Despacito" singer Luis Fonsi to hold concert in Egypt

Thu, 03 Aug 2017 - 08:13 GMT

"Despacito" singer Luis Fonsi will hold an international concert in Egypt soon under the auspices of an Egyptian real estate company .

Toshiba says deal to sell memory chip business delayed

Wed, 28 Jun 2017 - 08:39 GMT

Toshiba said Wednesday it has not yet reached a deal to sell its prized chip business to a consortium of US, Japanese and South Korean investors.