News
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Talaat Raised to ‘Outperform’ at Credit Suisse; Sodic Lowered
TMG was raised to “outperform” from “neutral” at Credit Suisse Group, citing “relatively strong sales in the second half and attractive valuation.”
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Egypt could resume purchases of Ukrainian wheat
Representatives of the General Authority for Supply Commodities of Egypt have said that the country could resume supplies of wheat from Ukraine.
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Egypt sees foreign reserves dip in August
The country's net foreign reserves fell from $25.01bn at the end of August to $24.01bn last month.
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Gulf dips on Europe debt woes, Egypt extends fall
Egypt's index fell 1.3 percent to a fresh 30-month low as investors continued to pull money out of riskier emerging markets.
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Additional digit for mobile numbers to be activated Thursday
Egypt's three mobile phone companies will activate an additional digit that will be added to phone numbers as of Thursday.
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Egypt to Increase Electricity Supply to Gaza Strip
Egyptian Minister of Electricity, Hassan Younis, to raise the power supply from 17 to 22 megawatts, Tuesday reported Egyptian local media.
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Three film festivals to take place in Egypt's tourism hubs
With the Cairo International Film Festival cancelled this year, cities normally associated with tourism are planning to hold their own events.
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Foster Wheeler wins Egypt contract
Global engineering and construction contractor Foster Wheeler said its subsidiary has won a project management consultancy from Apache Khalda Corp.
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NBD commends new Ethio-Egypt relation
“NBD applauds Ethiopia’s and Egypt’s commitment to developing an integrated development plan that benefits all the Nile riparian countries”.
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CR2 helps National Societe Generale Egypt to protect customers against card fraud
CR2's CardWorld FraudTRAP has gone live at NSGB Egypt helping to protect the bank's customers from debit card fraud.
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Still looking: Investors still prefer hotel assets in Egypt
“In Egypt we are seeing a lot of cautious prospecting with an intention to buy. While investors wait to see if a change in leadership".
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Xperia supporting the application to serve Sony Ericsson customers in Egypt
A group of Egyptian inventors developed an Android application that automatically updates the mobile phonebook to match the recent amendments.
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Barwa to invest $8.4bn in Egypt project
Barwa Real Estate, Qatar’s largest publicly-traded property developer, is looking at investing 50bn EGP in its project in New Cairo city.
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Four Seasons Resort Sharm El Sheikh Named Africa's Leading Luxury Resort
Four Seasons Resort Sharm El Sheikh, Egypt has been named Africa's Leading Luxury Resort 2011 by the prestigious World Travel Awards.
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Egypt might go bankrupt in 6 months, ElBaradei warns
Egypt is currently relying on its cash reserve with no gross domestic product, ElBaradei said.
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Egypt cbank accepts repos worth 2.3 bln Eg pounds
Egypt's central bank accepted 2.3 billion Egyptian pounds in seven-day repurchase agreements in the money market (CBES) on Tuesday.
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Investigating NGOs’ financing in Egypt
Egypt’s judiciary has launched investigations into the financing of the country’s NGOs, according to the official MENA news agency.
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Egypt sees new Israel gas deal soon - paper
Egypt will soon finish drafting a new contract for gas exports to its neighbour Israel that includes a big increase in prices.
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Egypt's OCI secures $1.9 bln in credit facilities
Egypt's Orascom Construction Industriessaid on Tuesday its fertiliser subsidiaries had signed credit facilities worth $1.9 billion.
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Israeli use of diesel doubles due to Egypt gas interruption
The use of diesel instead of gas cost the economy 10 million shekels a day, on average, during the summer, the ministry said.