News
-
Egypt's ICT export revenue hits USD 1.1 bln in 2011
ITIDA announced it has been a landmark year for the country's outsourcing industry, having achieved its goal of USD 1.1 bn in ICT export revenue.
-
Egypt's OCI to list new firm's shares on exchange
Orascom Construction will list the shares of its construction business on the Egyptian stock exchange in a demerger process.
-
Vinci wins contract for a dam in Egypt
French construction firm Vinci signed the contract for the design-build of the Assiut dam, in Egypt, with the Reservoirs and Grand Barrages Sector.
-
Cabinet to challenge re-nationalization of cotton company
The cabinet is considering making a legal challenge to a court ruling annulling the privatization of the Nile Cotton Ginning Company.
-
Market Report: Stocks fall on 5th day of political turmoil
Real estate sector leads market decline on back of ongoing clashes between security forces and anti-govt activists.
-
New Egyptian state TV HD studios rely on RTS/TELEX for intercom system
With new investment in its Nile TV Int'l channel, Egyptian state TV has prepared the way for the country's first-ever broadcasts in HD quality.
-
Social networking booming in Egypt, Russia, survey finds
And use of online social networks grew dramatically in Egypt and Russia over the past year, most likely as part of the recent political upheavals.
-
Egypt - A major player in information economy
A recent report by the UN Conference on Trade and Development stated that Egypt “is poised to emerge as a major player in the information economy”.
-
Sharjah Ruler pledges to rebuild gutted Egyptian Scientific Academy
Sultan bin Mohammed Al Qassimi has pledged to rebuild the Scientific Complex in Cairo that was partially destroyed by fire during the recent riots.
-
Egypt Says Quarterly Balance of Payments Deficit $2.4 Billion
Egypt’s balance of payments in the first quarter of the fiscal year which started in July recorded a $2.4 billion deficit.
-
Market Update: Egypt’s main index closes down by 2.5 pct
Egypt's main EGX30 index closed Tuesday with a 2.5 per cent tumble, recording 2,706.30 points; a low total turnover of LE 183.3m.
-
Egyptian Pound Gains After Orascom’s Plan to Sell $300 Million
The Egyptian pound gained after Orascom Construction Industries said it will sell dollars to repay bonds in local currency.
-
Egypt cbank accepts repos worth 17.92 bln Eg pounds
Egypt's central bank accepted 17.915 billion Egyptian pounds in seven-day repurchase agreements in the money market on Tuesday.
-
Egypt’s economy stretches to breaking point
The housewives & breadwinners stepping out of a Cairo supermarket with bags of groceries agreed on one thing. “The prices are very high.”
-
Anonymous takes down key government websites in Egypt once again
It appears that Anonymous is currently in the process of taking down as many governmental Egyptian websites as it can.
-
Egypt Cabinet approves budget savings for 2011/12
Savings of LE20-22 billion to include maximum wage in government and public sectors, and tax rise on imported cigarettes.
-
Samsung launches Galaxy Note in Egypt
Samsung Electronics, a leader in mobile technologies, has launched the 5.3-inch HD Super Amoled display Galaxy Note smartphone in Egypt.
-
Egypt Offers $3.3 Billion in Repo Bids for Second Week
The Egyptian central bank is offering 20 billion pounds ($3.3 billion) in repurchase agreements, or repos, for the second straight week.
-
Egypt to reduce spending in bid to offset budget deficit: report
Egypt, which is facing daily riots and chaos, has announced it is going to cut back on its spending to help ease a budget deficit.
-
Ganzouri seeks reclaiming 1.1 million feddans in Sinai
Prime Minister Kamal el-Ganzouri held a meeting of the ministerial committee concerned with the development of Sinai.