News
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Hermes sets Ezz Dekheila fair value at EGP 693
EFG-Hermes defined the fair value of Al Ezz Dekheila Steel Co. - Alexandria at EGP 693, which represents 20% upside potential to its market price.
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Orascom Telecom Falls After Reporting Quarterly Loss
Orascom Telecom Holding SAE, North Africa’s biggest mobile networks operator, declined for the 4th time in 5 days after reporting a 2nd-quarter loss.
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Fitch Affirms National Bank of Egypt at 'BB'
Fitch Ratings has affirmed National Bank of Egypt's Long-term Issuer Default Rating at 'BB' with a Negative Outlook.
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Alternative media grows, restructures industry
A number of online platforms have become the main source of revolution-related news from across Egypt, leaving online portals of daily newspapers.
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Egyptian bourse ends week with 3.8m EGP in losses
The 3 main Egyptian stock indexes finished down this week largely due to intense Arab & foreign sell-offs & massive losses in the US stock exchange.
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International arbitration plays key role in gas deal, Egypt's future
In violation of int'l agreements, natural gas hasn't flowed for months across Sinai desert through the pipeline connecting Israel & Jordan to Egypt.
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A fifth of Egyptian youth unemployed in 2010: new data
More than 20% of Egyptians between 18 & 29 years of age were unemployed in 2010, with university graduates having the hardest time.
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Gold prices surge in Egypt as investors seek safe haven
“In the last few weeks, prices of gold have been increasing in an unbelievable way, like LE 5 or LE 6 in just one day” said Ahmed Sirgany, jeweler.
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Movenpick Resort Taba, Egypt receives Green Globe Certification Award
Green Globe today announced certification for the sustainable management and operation of Mövenpick Resort Taba located at Sinai, Egypt.
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No increase in agricultural subsidies, says Egypt's finance minister
Government is mulling issuing an insurance policy for agricultural risks, says Fin. Minister on Wednesday in a meeting with the farmers' syndicate.
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World Bank grants $247 mn to Egypt
The World Bank's Institutional Development Fund (IDF) has attributed $247 million support to Egypt, Xinhua reported Thursday.
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Telecom Egypt’s 40 gigabit system operational
Telecom Egypt has started operations of its TE-North cable system across the Mediterranean.
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Egyptian Foreign Affairs Ministry to open African market for Egyptian investments
“Egypt needs to open African markets for Egyptian products in order to reduce unemployment,” said Omar.
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Telecom Egypt reports massive user losses
A new report issued by the Egyptian Ministry of Telecommunications said that Telecom Egypt have lost 700,000 subscribers through the end of April.
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Africa’s Telecoms Titans: Orascom Telecom Holdings
Africa’s Telecoms Titans is a series by Techzim profiling the top 20 leading mobile operators on the continent.
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Olympic assigns as financial advisor in Electrolux deal
Olympic Group sent a statement to Egyptian Stock Exchange about its BOD approval to assign Beltone Financial as independent financial advisor.
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Delta Sugar Advances in Cairo as Net Income More Than Doubles
Delta Sugar gained for the first time in four days after first-half profit for the biggest publicly traded sugar refiner in Egypt more than doubled.
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Suez Canal reports revenue rise
The Suez Canal Committee announced its highest revenue of the year during the last week of July, which reached $108.2 million.
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Tourists to Egypt drop 19 per cent in July, but decline slows
Visitors are down a 5th on the same month in 2010, but as the monthly falls slow, tourism officials are predicting a substantial recovery in October.
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Egypt’s exports to France rose 40% after 25 January
Statistics of the Commercial Representation Authority showed a considerable increase in the trade balance between Egypt and France.