News
-
Egypt bourse cancels Orascom Construction trades
Orascom said in a statement it would repay holders of bonds due for repayment in 2015 as it prepares for a reorganization of the group's ownerships.
-
Egypt chooses high-profile counsel in gas deal arbitration
In the latest proceedings, EMG alleges that Egypt failed to supply gas it was contractually required to supply, due to attacks on the pipeline.
-
Egypt industrial authority head denies suspension, confirms investigation
Hany El-Ghazaly says he is still performing regular duties, despite investigations into alleged violations in his working practices.
-
HSBC Holdings Expands Credit Card Campaign
HSBC is giving card users a chance to win back the cost of their purchases between Nov. 1 and Dec. 31, in UAE, Bahrain, Qatar, Egypt and Jordan.
-
Central Bank of Egypt denies involvement in illicit money transfer
Central Bank of Egypt says it did not participate in the transfer of funds abroad pertaining to former leader Hosni Mubarak.
-
Methanex downgraded after plant shutdown in Egypt
The lost production after the company's shutdown in Damietta will undoubtedly impact fourth-quarter results.
-
Gas exporters seek cooperation to raise supply and boost prices
Exporters need to attract more investment partners to help pay for rising production costs, Egypt’s Petroleum Minister Abdalla Ghorab said.
-
Family sues Coca-Cola over assets once seized by Egypt's anti-Jewish campaign
Because of continued anti-Jewish sentiment, the family believes it cannot get a fair hearing in an Egyptian court.
-
Desertec renewable energy project begins in Morocco, Egypt next?
The Desertec Industrial Initiative (Dii) is supposed to facilitate a long-term transition to renewable energy sources in the MENA-region.
-
Egypt's CIB says Q3 net income 314.2 million EGP
Four analysts polled by Reuters had forecast on average that the bank would report a net income for the quarter of 371.33 million pounds.
-
Market Report: Egypt's major stocks slip 0.1 per cent amid unrest and Friday fears
Main index takes its fifth consecutive loss with Bourse seeing thin, mainly speculative trade as investors eye upcoming protests.
-
Market Update: Egypt stocks gain slightly in midday trades
Bourse makes modest gains following four days of losses on back of scattered violence.
-
Investing in the Arab Spring: Egypt
The elation of the Egyptian revolution in Tahrir Square has faded since the start of the year, with faith in the transitional military gov't shaken.
-
Orascom denies talks with Algeria on Djezzy right of refusal
Djezzy, which has been Orascom's biggest single source of revenue, has been under threat of nationalization by the Algerian government.
-
Electricity Minister: Qualifying cadres in managing power grids in Africa
Establishing databases for the energy in Africa is very important in adopting appropriate policies to support energy projects in the continent.
-
Gas summit starts with call for fair price
There is an urgent need to achieve stability to the natural gas industry, said Egyptian Petroleum Minister Abdullah Ghorab.
-
Company closes Egyptian plan near scene of deadly protest
Vancouver-based firm removes employees from site until situation stabilizes.
-
Egypt's Suez Canal Oct revenue $447.9 mln
The canal's revenues in October 2010 were $427.3 million. Revenues in September 2011 were $438.3 million.
-
Some 300k foreign workers in Jordan, most of them from Egypt
One of the problems on the Jordanian employment scene is that Jordan both imports and exports workers, as Egyptians make up for 68% of foreign labor.
-
Egypt Seeks $1.8 Billion From Bill Sales as Yields Advance
The Arab country will seek bids for 2 billion pounds and 3.5 billion pounds in six-month and one-year notes, respectively, on Nov. 17.