News
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Bourses to react to Fed, Europe; Egypt banks in focus
Egypt's stock market was dominated by swings in the shares of Orascom Telecom this week.
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Egypt, Ethiopia mull Nile dams dispute
Essam Sharaf met last week with Meles Zenawi in Cairo & agreed to set up a technical team to study the impact of the $4.8 bln Great Renaissance Dam.
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Egypt Suez Canal port shut after strikes
Egypt's Red Sea Port Authority said on Friday that the Ain Sokhna port at the southern entrance to the Suez Canal has been shut due to strike action.
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Tourism workers to face Islamists
Statements by Islamists expressing their intent to create regulations for tourism have prompted tourism workers to form a political coalition.
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Egypt imports 365,000 tonnes of Brazilian Sugar
Egypt have decided to import 365,000 tonnes of sugar from Brazil at international prices until local production reaches sufficient levels in January.
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Arabs May Buy Egypt Debt to Cut Highest Yield Since 2008
Arab governments or their investment arms may soon buy Egyptian treasury bills to help the government reduce the highest borrowing costs since 2008.
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Egypt's government not to be Ezz Steel's partner
Egypt's Industrial Development Authority has confirmed that the country's government is not planning to become a partner in Ezz Steel Company.
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Egypt Yellow Pages Brings Award-winning Application To Egypt
Egypt Yellow Pages Ltd, the Local Search Company, and caller-lookup company recently announced the launch of the adaffix application in Egypt.
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Egypt: Banking sector facing challenges
The Central Bank of Egypt (CBE) has played an active role in mitigating the effects of the political turmoil in early 2011 on the banking system.
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Egypt's GASC buys 240,000 T Russian wheat
Egypt has bought 240,000 tonnes of Russian wheat for December 11-20 shipment, the main government wheat buyer said on Thursday.
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Euro-Med alliances call for fast action on economic recovery
“It’s time for us to walk the talk” said El-Wakil, head of the Alexandria Chamber of Commerce on Wednesday at the Euro-Med Trade & Investment Summit.
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Egypt's stocks dip 2.2% on global woes
Egyptian stocks dipped on Thursday, mirroring declines in world equities and driven by Arab selling, traders said.
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Egypt’s Mobinil unaware of France Telecom swap deal
Mobinil said on Wednesday that it had no knowledge of a proposal from France Telecom to swap shares in a Swiss telecom company.
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Egypt down 25 positions on Global Peace Index
Egypt is 8th in the Arab world after Qatar, Kuwait, Emirates, Oman, Tunisia, Morocco and Jordan, having dropped 25 positions compared to last year.
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Egypt building material prices on the rise
Price hikes for key construction supplies, as steel rebar shows an annual climb of nearly 36 per cent and a sizeable month-on-month increase.
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GE scoops $300m Egyptian power deal
GE has signed contracts totaling US$300 million to supply six gas turbines and associated services to the Egyptian Electricity Holding Company.
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Centamin Egypt boss buys again
The chairman of FTSE 250-listed gold miner Centamin Egypt Josef El-Raghy has doubled his personal stake in the company.
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Citadel Capital to invest $234m in African rail venture
Citadel Capital said Thursday it has signed a $234m deal to fund a 5-year project to improve transport links between Kenya and Uganda.
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Emaar Misr signs agreement with Grohe for Uptown Cairo bathroom fittings
Emaar Misr has signed a contract with German leader Grohe for undertaking the bathroom fittings in Uptown Cairo.
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Workers cheer as Egypt nationalizes three companies
Cairo’s Administrative Court on Wednesday returned three major Egyptian companies to the public sector after strikes.