News
-
Legacy of October War is Opec's power over the oil markets
An explanation of the reasons behind the oil crisis in 1973, the effects of Opec's actions are still felt today.
-
Egypt's stock market loses billions after Sunday's violence
Sectors that lost the most included the travel and leisure industry, telecommunications, real estate, banks and construction materials.
-
Etisalat not planning further acquisition, comfortable with Egypt unit
Chairman says mobile services firm is yet to decide on expansion plans but is comfortable with Egyptian operations.
-
Now, time spent on mobile apps exceeds web browsing
Users spend an average of 81 minutes daily on mobile apps, compared to 74 minutes on the web.
-
Occupy Wall Street through Egyptian eyes
One Egyptian food cart vendor in New York city typifies average American woes - deep in debt with no way out.
-
Egypt stocks plummet on unrest
EGX30 index dropped by over 5 percent within minutes of the start of the trading session, but rebounded slightly to a roughly 3 percent drop.
-
Suez Canal September revenues at $438.3 million
Revenues from one of Egypt's most vital sources of foreign currency are up 6.9 per cent on the year before, according to monthly statistics.
-
Egypt September Inflation Slows as Food-Price Rises Ease
The annual inflation rate in urban parts of Egypt fell to 8.2 percent from 8.5 percent in August.
-
Orascom Telecom Appoints Khalid Ellaicy As CFO
Effective October 17, 2011, Ellaicy will be succeeding Aldo Mareuse who joined OTH as Group Chief Financial Officer in 2002.
-
Communications Ministry demands mobile phone companies improve services
NTRA chief executive to hold intensive meetings with the heads of Egypt’s three mobile phone operators to put an end to the complaints.
-
40% of Egypt suitable for development – official
Minister of Housing announces plan to develop the Suez Canal, Sinai, Upper Egypt, and Toshka.
-
Egypt's Alcotexa sells 250 T cotton in past week
The deal brings Alcotexa's export commitments for the 2011/2012 season, which began in September, to 4,097 tonnes of cotton.
-
Egypt EGX Heads for Biggest Gain in 7 Weeks on Bet Drop Overdone
Egypt’s measure is valued at 1.1 times book value, or assets minus liabilities, while the MSCI Emerging Markets Index trades at 1.5 times.
-
Aldar awards Yas mall contract to Egypt's OCI unit
Egypt's Orascom Construction Industries (OCI) was given a contract to build a major retail mall on Abu Dhabi's Yas Island.
-
Banking sources: Egypt to extend tenure of central bank chief
Financial observers place Farouk al-Oqda among the CBE’s most successful directors in recent years.
-
Egypt sells 6.5bn Egyptian pounds in T-bills, yields fall
The central bank sold 3 billion pounds of 91-day T-bills, on behalf of the ministry.
-
RI-Egypt bilateral trade rises by 40%
Two-way trade between Indonesia and Egypt reached US$700 million during the January-June period this year.
-
Egypt, Turkey sign deal to boost SMEs
The deal aims at promoting industrial activities and training courses as well as the exchange of information and researches.
-
A green push for measuring the economy
Environmentalists are quick to point out that GDP-measurements do not provide a full picture, since the environmental damages are not included.
-
Expert: Declining reserves pose large risk
Recent judicial rulings to renationalize privatized companies are a threat to reserves.