Meitu, the maker of a Chinese selfie app, plans to raise as much as $1 billion in …
Plans
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Tech news
China Transsion’s Egypt planned electronics plant to produce 17 mln devices in 4 yrs
by Ghada Ismailby Ghada IsmailChina-based Transsion Holdings, formerly known as Tecno Telecom Limited, revealed its plans to establish its first factory …
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Industry & Trade
Egypt-based Al Ahram Consumer Complexes to pump $7mn-investments in FY2016/17
by Noha Gadby Noha GadEgypt-based Al Ahram for Consumer Complexes company targets injecting investments estimated at 65 million Egyptian pounds (US$7.3 …
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Industry & Trade
Indian Mahindra Group plans building $40mn-factory in Egypt for farm equipment
by Noha Gadby Noha GadIndian multinational automobile and agricultural equipment maker Mahindra and Mahindra Limited (M&M) studies executing new project in …
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Industry & Trade
Sawiris’ OTMT plans investing in Egypt’s food, agricultural industries sector
by Noha Gadby Noha GadEgypt’s Orascom Telecom Media and Technology Holding company (OTMT) -owned by tycoon Naguib Sawiris – is currently …
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Tech news
U.S. to auction $1.6 million of bitcoin from various cases
by Ghada Ismailby Ghada IsmailThe U.S. government said on Monday it plans to auction over 2,700 bitcoins that were forfeited during …
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Industry & Trade
China to spend $65 billion to improve water supplies: ministry
by Noha Gadby Noha GadChina plans to spend a total of 430 billion yuan ($65 billion) on around 4,800 separate projects …
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Industry & Trade
U.S. can maker Ball Corporation plans investing more $60mn in Egypt
by Noha Gadby Noha GadU.S. drink can maker Ball Corporation studies pumping new investments worth US$60 million into the Egyptian market …
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Industry & Trade
Nile Consumer Complexes plans injecting $7.8mn-investments in Egyptian market
by Noha Gadby Noha GadEgyptian Nile Company for Consumer Complexes targets injecting investments of 70 million Egyptian pounds (US$7.8 million) during …
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Industry & Trade
SunEdison plans to stop interest payments on yieldcos’ notes
by Noha Gadby Noha GadBankrupt solar company SunEdison (SUNEQ.PK) plans to stop making interest payments on behalf of its two yieldcos, …