News
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Bank butters up Egypt dairy company rating
Egypt's largest player in the dairy and yogurt market was cited as a "top pick" at EFG-Hermes Holding yesterday.
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Egypt Postpones Short-Selling Until Market Conditions Improve
Egypt’s stock market regulator postponed introducing short-selling until “market conditions improve,” Ashraf El Sharkawy.
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Egypt's Alcotexa sells 965 T cotton in past week
Egypt's Alexandria Cotton Exporters' Association (Alcotexa) committed to sell 965 tonnes of cotton in the week which ended on October 1st.
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Egypt's property tax to be postponed to 2013
Official sources say the law, due for eventual introduction in January 2012, will be pushed back another year.
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IMF delegation to visit Egypt over future borrowing
According to the new proposal, Egypt would take a loan of US$3 bln with a 1.5 percent interest rate. The loan would then be paid off in 39 months.
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EFG-Hermes: Chief executive has not fled Egypt
Investment bank denies rumours its head fled the country after last week's airing of a TV rogramme detailing the firm's links to Gamal Mubarak.
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Egypt asks EU to lift vegetable export ban
EU officials are set to reconsider the ban at the end of October. However, Egypt hopes that the ban may be lifted sooner.
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Telecom Egypt: Unidentified saboteurs damaging cables since January
Unknown saboteurs have been damaging terrestrial cables for Telecom Egypt (TE) in several areas across Egypt since January.
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Ezz Heads for Biggest Gain in 2 Weeks After Declaring Dividend
Ezz Steel headed for the biggest gain in almost two weeks after announcing it will pay a cash dividend.
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Egypt to rely less on local banks
Egypt's government is looking at ways to reduce its dependence on borrowing from local banks because it is a burden on the economy.
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Egypt fears impact of EU crisis
There are grave concerns the European financial crisis could derail the recovery of Egypt's tourism sector, the country's minister of tourism says.
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TMG lawyer expects court to postpone Madinaty case
Dr. Shawy Elsayed expected court on Tuesday to postpone ruling in Madinaty case based on requests from other parties.
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Egypt to Review Sale of State-Owned Companies, Ahram Reports
An Egyptian government panel will review the contracts that led to the sale of state-owned companies, Al Ahram newspaper reported.
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Lenovo is targeting a 25% market share in Egypt
Last week, Lenovo held a press conference to announce the introduction of the IdeaPad Tablet K1 to the Egyptian consumers.
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Kuwait will co-operate with Egypt in field of petroleum
Abdullah Ghorab said there are great opportunities for cooperation and investment in petroleum sector between Egypt and Arab countries.
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Work at Egypt's Al-Dekheila Port partially suspended
Workers of the Alexandria Container and Cargo Handling Company have suspended work at Al-Dekheila Port on the Mediterranean.
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Vodafone Qatar picks ex-Egypt unit chief as new CEO
Richard Daly, formerly the CEO of Vodafone Egypt and Vodafone Partner Markets, has already taken up his new role, Vodafone said in a statement.
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Egypt inches toward far-reaching food subsidy reform
Despite spending close to $5.5 billion a year on food subsidies, Egypt remains criticised for encouraging waste and distorting agriculture.
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Alzwad supports Ebda2 initiative with Google
Google has celebrated, this week, the launch of its initiative "Ebda2", which is a competition that aims at supporting start-ups and new ideas.
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Egypt growth to make slow recovery
Egypt's economy will grow by just 1.3% this financial year and 3.6% next as it makes a slow recovery from the disruption to tourism and investment.