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India-based chemical producer, TCI Sanmar Chemicals, is planning to inject $200 million into the Egyptian market in a move that will bring the company’s total investment in the Arab country to $1.7 billion. CEO, Sherif Al-Menoufi, Al Mal News reported, Read more
Sumitomo Wiring Systems, a division of the Japanese Sumitomo Group, will launch in December a new factory to produce pigtail cables for used in cars to supply the Egyptian local market and to export to Europe, Arab Finance reports. The Read more
Egyptian President Mohammed Mursi has declared a state of emergency and imposed a curfew in the cities of Port Said, Suez and Ismalia after four days of violent unrest and growing deadly riots, threatening the country’s stability. Nearly 40 people Read more
19 young Americans are among the 43 pro-democracy activists who have been arrested lately by the Egyptian authorities and will be tried for setting up groups without licenses and receiving illegal foreign funding. These Americans are working for National Democratic Read more
At least 74 people were killed and 1,000 others injured in a brawl that broke out Wednesday in Egypt between rival groups of soccer fans after a game in the city of Port Said. The riots, the bloodiest since the Read more