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UAE’s TIME Hotels eyes expansion into Tatarstan
12 - Wed - Feb - 2020
UAE’s TIME Hotels eyes expansion into Tatarstan
TIME Hotels is currently considering investment opportunities in Tatarstan, located 800 kilometres east of Moscow at the confluence of the Volga and Kama Rivers.The CEO of the UAE-based hospitality company Mohamed Awadalla met with the President of Tatarstan Rustam Minnikhanov to explore potential investment opportunities in the city of…
Chemical Industries Holding to invest EGP 10bn in three years
12 - Wed - Feb - 2020
Chemical Industries Holding to invest EGP 10bn in three years
Chemical Industries Holding Company (CIHC) is planning to invest EGP 10 billion in subsidiaries operating in the fertilisers market over the next three years, CIHC’s chairman Emad El Din Moustafa stated on Tuesday.Over the coming period, CIHC is set to open the second phase of…
Key oil, gas deals signed at EGYPS 2020
12 - Wed - Feb - 2020
Key oil, gas deals signed at EGYPS 2020
The fourth edition of Egypt Petroleum Show (EGYPS 2020) kicked off on Tuesday, bringing together 30,000 visitors, 1,600 delegates, 270 speakers, and more than 450 exhibitors.Petro-refinery complexOn the first day of the three-day event, the Egyptian Petrochemicals Holding Company (ECHEM) signed a cooperation agreement with…
EGX’s indices show mixed performance on Tuesday
12 - Wed - Feb - 2020
EGX’s indices show mixed performance on Tuesday
The Egyptian Exchange’s (EGX) indices ended Tuesday in a mixed note, with market capitalisation lost EGP 128 million.The benchmark index, EGX30, grew by 0.21% to 14,000 points, while the EGX70 index rose by 0.1% to 1,269 points.Market capitalisation declined to EGP 706.37 billion on Tuesday,…
Dice reveals estimated sales for 2019
12 - Wed - Feb - 2020
Dice reveals estimated sales for 2019
Dice Sport and Casual Wear achieved about EGP 650 million in local sales and $56 million in exports in 2019, according to preliminary estimates.The Egyptian firm stressed that these figures are not final as the company has not approved its financial statements for 2019 yet, according to…