Business
Investment minister: Egypt, Emirates to establish container yard at US$760 million
January 28, 2014
Investment minister: Egypt, Emirates to establish container yard at US$760 million
Investment Minister Osama Saleh disclosed on Tuesday a joint Egyptian-Emirati investment venture to establish a berth for container handling on…
Experts praise CBE exceptional US$1.5 billion tender
January 27, 2014
Experts praise CBE exceptional US$1.5 billion tender
Central Bank of Egypt (CBE) offered on Monday an exceptional tender to sell US$1.5 billion to banks in order to…
Importing 1 mn tons of wheat enough to raise reserves: Food industries company chief
January 26, 2014
Importing 1 mn tons of wheat enough to raise reserves: Food industries company chief
Egyptian ports will receive 1 million tons of wheat until February, raising wheat reserves through April. Hassan Kamel, head of the…
Egypt to take part in Russia’s Intourmarket to attract tourists
January 26, 2014
Egypt to take part in Russia’s Intourmarket to attract tourists
Tourism Minister Hesham Zaazou said his ministry and the general authority for tourism promotion will take part in the International…
Egypt’s Sawiris plans bid for TIM Brasil to avoid breakup – paper
January 26, 2014
Egypt’s Sawiris plans bid for TIM Brasil to avoid breakup – paper
Egyptian billionaire Naguib Sawiris plans to bid for Brazilian wireless carrier TIM Participações SA (TIMP3.SA), according to a newspaper interview…
EU to grant Egypt €500 bn in aid
January 25, 2014
EU to grant Egypt €500 bn in aid
The European Union has agreed to provide the Egyptian government with nearly 500 million Euros in financial aid in one…
Stock market goes up by 0.75% Thursday
January 23, 2014
Stock market goes up by 0.75% Thursday
The main EGX30 index of the stock exchange went up by 0.75 percent on Thursday to close at 7,233 points. The…
Orascom Telecom Algeria appoints new CEO
January 23, 2014
Orascom Telecom Algeria appoints new CEO
Orascom Telecom Algeria has appointed Philip Thome, head of VimpelCom’s technology sector, as CEO. Vincenzo Nesci will remain the chairman of…
Egypt to return US$3 bn in matured bonds to Qatar
January 23, 2014
Egypt to return US$3 bn in matured bonds to Qatar
A source at the Central Bank of Egypt said on Thursday that it will return US$3 billion in matured bonds…
Cairo Chamber of Commerce intervenes to resolve electric tool merchants crisis
January 22, 2014
Cairo Chamber of Commerce intervenes to resolve electric tool merchants crisis
Electric tool merchants in downtown Cairo threatened to stage a sit-in if the government did not remove street vendors selling…