News
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E. coli contaminated seeds: Is Egypt the root?
Seeds from the Egyptian farm suspected of starting a lethal outbreak in Europe have tested free of E. coli contamination after analysis performed.
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Increase in subsidized goods to meet Ramadan needs
Ramadan goods this year will exceed last year by about 15 percent in terms of volume to meet the needs of citizens, said Ibrahim Dessouky.
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Orascom Construction Wins $450M Saudi Infrastructure Contract
Egypt's Orascom Construction Industries (OCI), said Wednesday its Saudi subsidiary had been awarded a contract worth $450 m...
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Egyptian natural gas supply to Israel resumes
Supply of Egyptian natural gas to EMG Co & to EMG's Israeli customers has resumed, EMG shareholder Ampal-American Israel Corp said on Wednesday.
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UAE's $3bn aid package to Egypt for housing and small firms
The package will take the form of a $1.5bn (Dh5.5bn) fund for small & medium-sized enterprises, $750m for infrastructure & housing projects...
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Egypt’s 4th mobile license getting more play
Telecom Egypt is positioning itself for a potential offer when the time comes.
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Sawiris to be honored by Italy’s Foreign Minister
Italian Foreign Minister Franco Frattini will honor business tycoon Naguib Sawiris next Monday.
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Judiciary calls for nationalization of Omar Affendi
The administrative judiciary declined the appeal by the (IFC) and compelled the gov. to execute the sentence against Omar Affendi issued last June.
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Egypt's cabinet okays steel licences to four firms
Egypt's cabinet granted four companies licences for steel plants in the country, as the gov. seeks to boost production & lower imports of supplies.
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Israel cannot ask Egypt for gas compensation: official
The Monday bombing of a Sinai natural gas station was \'unforeseen\' and give Israel no legal basis to seek damages, says Egypt\'s petroleum head.
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Arabs push Egyptian stocks up
Driven by Arab buying, Egypt\'s main index rose on Tuesday for the fourth day in a row, traders said.
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Egypt woos investors
Sharaf held a meeting with Dr Anwar Gargash, and investors from the UAE\'s public and private sectors at the Emirates Palace on Monday evening.
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Egypt, Italy agriculture project boosts cooperation
Egypt’s minister of agriculture along with the Italian ambassador to Egypt announced the success of the S.P.I.I.E project.
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Palm Hills surges 8.1%, leads most actives as Chairman cleared of graft
EGX-listed Palm Hills stock has skyrocketed 8.12% to EGP 2.53, leading way on gains, in the first half of today’s session.
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Telecom Egypt reports losses due to uprising
Egypt’s state-owned landline operator Telecom Egypt announced on Sunday that it lost some 86 million Egyptian pounds.
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OCI allocates $ 200 m for expansions or setting new fertilizer units
Orascom (OCI) plans to allocate $ 200 million of the $ 300 m (IFC) loan to catch investment chances in fertilizer markets in Australia, Europe & USA.
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UAE offers $3 billion aid package to Egypt
The United Arab Emirates (UAE) announced on Monday a US$3 billion aid package to Egypt, according to the state news agency WAM.
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Egypt set to reduce budget deficit in 2011-2012
Egypt's ruling military council on Monday approved the government's revised draft annual budget.
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Egypt interested in removing any barriers to UAE investments, says Egyptian PM
Egyptian Prime Minister Essam Sharaf reiterated his country's interest in removing any barriers to UAE investments in Egypt.
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Egyptian river transport fund nets $21m
Announcing this on Monday, Citadel Capital said as per the agreement, the DEG will invest $14 million, while EIB will pump in $7 million.