News
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Egypt’s Next Huge Wind Farm
Egypt is putting bids out for yet more wind power, going from its current 550MW of wind to a staggering 2,690MW by 2016 to reach 7,200MW by 2020,
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Egypt ruled Twitter in 2011; Apple, McLobster trended too
Egypt was the most widely re-tweeted hashtag on Twitter in 2011, the microblogging website said in the latest among its series of blogposts.
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Google introduces more Arabic-supporting services
Everyday, there are more than one billion searches on Google, making it the world’s most popular search engine.
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Egypt stock market loses 2 billion EGP
Stock market indexes ended its transactions today, December 5, with a sharp decline, supported by an intense sale processes from foreign investors.
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Egyptians spending more on food and housing, less on education: Survey
Nearly half of Egyptian households still find themselves without enough money to cover their basic needs.
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500 Renault Logan cars delivered to the Cairo police
Egyptian International Motors, Renault’s official and exclusive importer in Egypt, has now completed the delivery of some 500 vehicles.
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EGYPTAIR to Double Flights to Libya Starting December 7
As a result of the increase in traffic between Egypt and Libya, and in response for its customers’ needs, EGYPTAIR to Double Flights to Libya.
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AlembicHC cuts price target on Citadel Capital
AlembicHC estimated that the Egyptian private equity firm faces about $269 million in fund shortage from the fourth quarter of 2011 through 2013.
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Egypt: Country, Turkey Sign Three Cooperation Protocols in Istantabul Wednesday
The 12th session of the Egyptian-Turkish Business Council is to be held in Istanbul on 7/12/2011 to sign 3 cooperation protocols between the 2 sides.
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Six out of every 10 Egyptian housholds earn less than $277 a month: Report
Six out of 10 Egyptian households earn less than LE20,000 ($3,333) per year, previously unpublished official statistics from 2010 show.
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Egypt stock declined in mid-session
Egypt's stocks went down in mid-session of dealings due to sell-off by Arab and foreign shareholders.
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Egypt needs tourist tide to flow in again
According to the World Travel and Tourism Council, the sector contributed $39bn or 17.5 per cent to Egypt’s gross domestic product last year.
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Egypt to Auction $416 Million in 3-Year Bonds; 2020 Yields Rise
Egypt plans to sell 2.5 billion pounds ($416 million) in three-year bonds today after issuing less than it sought last week.
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Ramses Hilton initiative to promote Tourism
Ramses Hilton has created a positive initiative to encourage Hilton International team members to visit Egypt and support their colleagues.
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Egyptian treasury bills to halt the future plans of the private sector
Finding alternatives to government funding and requesting the Central Bank to control banks transactions.
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Egypt: Eissa - Country's Priorities Are More Products, Less Imports
Minister of Industry and Foreign Trade in the caretaker government Mahmoud Eissa said that the coming phase will focus on boosting production.
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Egypt's Alcotexa sells 760 T cotton in past week
Egypt's Alexandria Cotton Exporters' Association (Alcotexa) committed to sell 760 tonnes of cotton in the week that ended on December 3.
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KNOC’s Dana Petroleum Forms Oil, Gas Joint Venture in Egypt
Dana Petroleum formed a joint venture with Egyptian General Petroleum Corp. to develop oil and gas in an area of the Gulf of Suez
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Prime minister to replace information minister
Al-Ganzouri has demanded that Egypt’s de-facto leader, Field Marshal Hussein Tantawi, replace Information Minister Osama Heikal in the new cabinet.
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Stock market stops trading for Egyptian Contracting stocks
The stock market administration decided to stop the transaction for Egyptian Contracting stocks today December 4.