February 20, 2020

Telecom Egypt provides comm. services for Amer Group, Porto Group projects -Egypt

Telecom Egypt (ETEL), Amer Group (AMER), and Porto Group (PORT) have signed two cooperation agreements to provide the latest integrated communication solutions for projects owned by the two groups and to provide those services in accordance with the latest global technologies, like fibre"...

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Coronavirus fears drive gold prices up in Egypt, 21k gold at EGP 697 February 20, 2020

The price of gold has risen in the Egyptian market during the past couple of days by about LE13, a result of global fears over the economic fallout of the coronavirus epidemic,"...

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EBRD finances Almarai’s operation in Egypt, Jordan by $100M February 20, 2020

CAIRO – 19 February 2020: The European Bank for Reconstruction and Development (EBRD) offered a $100 million- loan to Almarai Company to finance operations in Egypt"...

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Egypt in talks with companies to promote new gold-mining tender February 20, 2020

CAIRO – 19 February 2020: Egypt has started talks with one of the companies to promote a new tender in gold-mining in Egypt, Egyptian Businessman Naguib Sawiris told"...

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Egypt has strategic wheat reserves for 4.7 months February 20, 2020

Egypt, the world's largest wheat buyer, has enough strategic reserves of the grain for 4.7 months and sugar reserves for 5.3 months, the supply minister said in remarks"...

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MAK Investments unveils Mӧvenpick resort in Marsa Alam’s Port Ghalib project February 19, 2020

MAK Group, through its investment arm in Egypt MAK Investment Holding Co. SAE, is expanding its hospitality portfolio in Port Ghalib resort on Egypt’s Red Sea Riviera and signing a management agreement for a Mövenpick resort in Marsa Alam.


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Fairmont Nile earns Forbes four-star rating February 17, 2020

Forbes Travel Guide (FTG), the world-renowned and only global rating system for luxury hotels, restaurants and spas, has presented Fairmont Nile City with a new Forbes Travel Guide Four-Star award.

Forbes Travel Guide is recognised for creating the original concept of Five-Star"...

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