North Africa MENA Edition
Latest News
Sky News Arabia appoints head of news
Youssef Tsouri as Head of News effective 1st March 2020.
Egypt to launch bid round in March for gold exploration in Eastern Desert - official
Investors will be bidding on blocks which will be awarded to them within four months of the bid round being launched
Egypt, Nigeria to establish new company for gas cylinders
Rongas Industrial Egypt will manufacture liquefied petroleum gas (LPG) cylinders and compressed natural gas (CNG) cylinders for vehicles
EgyptAir adds 9th Airbus A220-300 to its fleet
The new A220-300 has a two-class cabin
Qarun Petroleum eyes $170mln investments in FY20/21
Qarun plans to produce 33,000 bpd at East Baharia Extension 3 area
Nile Pharma targets $70mln revenue in FY20/21
Revenue is expected to reach $70mln
Sinai Hotels opens Nuweiba Club Resort in South Sinai
Spanning over 750,000 sqm, the resort will open another 100 rooms by next year and will include 750-1000 rooms by the end of five years
Japanese companies keen on investing in Egypt’s AI, CIT sectors: embassy
Around 50 Japanese companies are doing business in Egypt, and many others have showed their interest
Egypt’s parliament says abolishing imprisonment of businessmen will attract investment
Investors do not enjoy absolute immunity against imprisonment and that there are crimes in which jail is necessary, including harming public money or the interest of the state or harming the health of citizens
A quiet EGX week expected, despite major firms’ strong financial results
Last week, EGX30 closed at 13,720.65 points recording a decline of 1%
