News
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Ministry of Communications and Private Sector Undertake Joint Ventures
An official source with the ministry said that these projects are to cost EGP 50 million.
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Egypt's Egas plans gas bids round early 2012 -minister
Egypt's current oil and condensate production is currently in the range of 700,000 barrels per day.
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Egyptian culture minister holds high hopes for TÜYAP fair
The TÜYAP International Istanbul Book Fair this year hosted Egypt as its guest of honor.
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Telecom Egypt to Expand Broadband, Mobile Services, CFO Says
The company will start operating a new undersea cable by the end of this year to increase capacity for data services.
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Egyptian tender offer for wind farms
Energy Minister Hassan Yunis said the tender involved the supply and installation of the wind farms, as well as the maintenance.
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Egyptian Stocks Slump Amid Increasing Violence Before Elections
Egypt’s main equities index has lost 42 percent this year, making it the world’s third-worst performer, as the country’s economy ground to a halt.
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Telecom Egypt Q3 results down on weak market conditions
Revenues were down 10 percent from the second quarter to EGP 2.35 billion, amid continued disruption to Egypt's business environment.
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Gov't Affirms: Work in All New Plants in Damietta Suspended
The government is keen to meet all environmental standards in factories and establishments in Damietta governorate and port.
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Telecom Egypt launches telephone service to help voters
Voters can now call Telecom’s 140 phone directory, provide their national ID Number and within seconds be told their constituency and polling station
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World Bank officials to visit Egypt again over borrowing
Vakhtang Lejava, a World Bank representative, said he met with several Egyptian officials from the Trade, Industry and Finance ministries.
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Vodafone Egypt adds 1.4 mln subscribers in Q3
Vodafone Egypt added a net 1.429 million new subscribers in the quarter, for a total 35.535 million at the end of September.
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Book fair in UAE to start 16 November hosting 135 Egyptian publishers
Sharjah Book Fair's 30th round will run from 16-26 November with 750 publishers, of which 135 are from Egypt.
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Wheat Shippers Fight for Sales as Grain Glut Grows: Commodities
Egypt favored cheaper supply from the Black Sea region in the past 17 tenders and cargoes to northern Africa from France’s Rouen.
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Egypt's Maridive posts 9-month net down 14 pct
The biggest oil services company by fleet size in the Middle East reported net profit of $51.9 million during the same period last year.
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Delta Sugar and Egyptian Gulf Bank Were Active
Delta Sugar Co. (SUGR) , Egypt’s biggest publicly traded sugar refiner, retreated as much as 2.8%, and Egyptian Gulf Bank (EGBE) lost 3.5 percent.
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Egypt's Juhayna 9-month net profit up 7 pct
Juhayna, Egypt's largest player in dairy and yoghurt products, posted 174 million in net profit last year.
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Egypt’s consumer price inflation at four-year low
Egypt is a market that has a lot of potential but that won’t be unlocked until a year or so, according to Saleem Khokhar, head of equities of NB AD.
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Egypt's Ghabbour Auto says Q3 net climbs 25%
Egypt's Ghabbour Auto (GB) also reported revenues of 2.38 billion pounds for the third quarter this year, a 16.5 percent increase over last year.
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Arab Spring’s business mode
Nicole Stracke, senior analyst for EXOP, talks about the aftermath of the Arab spring in terms of business and bureaucracy-issues.
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Environmentalists urge Egypt to cash in on 'black cloud'
Farmers produce about 30 million tons of waste each year and what they burn is responsible for 42 percent of autumnal air pollution.