News
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Vodafone Egypt's Facebook page hacked, then disappeared
The image placed as Vodafone Egypt’s profile picture after it got hackedread, in Arabic,”Destructive hurricane is behind the hacking.”
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Egypt revolution hits company profits
Banking and property have been among the sectors hardest hit by the revolution and the political uncertainty that followed, analysts say.
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Gulf stock markets lose ground
Oman’s Renaissance Services rebounded from a 2009 low on Thursday as investors picked up the battered stock.
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Egyptian tycoons set to lose undeveloped Suez land
Government makes legal preparations to withdraw 23 million square metres of state-sold land on the gulf of Suez.
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Egyptian Agriculture Minister Acknowledges Role of Biotechnology
The most important problem that faces Egypt today is the shortage of water and one way to overcome this problem is through the use of biotech plants.
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Program Partners Young Innovators to Boost Egypt Economy
‘LearnServeEgypt’ harnesses ambitions of US, Egyptian entrepreneurs to help create jobs with lasting economic, social impact.
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Imports cast shadow on lantern trade in Egypt
Less than a dozen fanoos makers remain in Cairo, as cheap Chinese imports and decades of government corruption have created trouble.
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For Egypt and Israel it looks to be business as usual
Diplomats say the expected tension in relations between the two countries has not been forthcoming.
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Egypt exchange suspends Mobinil trading
A day after the mobile phone company's stock surged 10 percent over potential changes in its shareholder structure, Mobinil trading was suspended.
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Arab Spring raises hopes of rebirth for Mideast science
Zuweil's project is a locomotive that will pull the train of scientific research in this country.
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Citadel, Orascom Construction, Pioneers: Egyptian Equity Preview
While Citadel Capital, and Pioneers Holding drop, Orascom Construction Industries and Egyptian Kuwaiti Holding rise.
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Pay and protests in the tourism sector
Minister of Labour was concerned when chairman of ETAA Hossam el-Shaer complained that mass demonstrations were organized by local trade unions.
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Egypt's pioneers Q2 net profit jumps
Pioneers Holding made a net profit of 30.5 million Egyptian pounds in the second quarter of 2011, up from 10.1 million pounds a year earlier.
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Sawiris rules out Mobinil sale
The stock surged 10 percent Wednesday, with traders citing talk of a possible change in Mobinil’s ownership structure.
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Egypt's Orascom Development posts $17.5 H1 net loss
Orascom made a 13.7 million Swiss francs ($17.5 million) net loss in the first half of the current year compared to a profit of 50.9m a year earlier.
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Egypt mulls removing energy subsidies for certain industries
The government recognizes the importance of rationalizing petroleum product subsidies and limiting them to only those entitled to receive them.
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Johnson Controls expands operations in Egypt
Johnson Controls has joined up with the Shams Group and Tiba Engineering Industries to market its products in Egypt.
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EU gives financial assistance to Egypt, Jordan, Lebanon
The EU announced 71 million euro assistance for Jordan, 100 million for Egypt, and 34.5 million for Algeria.
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Egypt railway workers to suspend strike on Thursday
The strikers are demanding their late financial incentives.
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Egyptian Industry will survive if subsidies are removed, says official
Many industries can absorb the extra costs of removing energy subsidies, according to Ismail El-Nagdy, head of the Industrial Development Authority.