Business
Algeria says it has not yet received Djezzy valuation
September 20, 2011
Algeria says it has not yet received Djezzy valuation
Algeria's telecom ministry has not received a valuation of Orascom Telecom's mobile unit Djezzy, its single biggest source of revenue…
G8 meets to cement Arab Spring transition plan
September 20, 2011
G8 meets to cement Arab Spring transition plan
Group of Eight foreign ministers meet on the sidelines of the UN General Assembly on Tuesday to cement a framework…
IMF: Political, security uncertainty hinders Mideast growth
September 20, 2011
IMF: Political, security uncertainty hinders Mideast growth
Oil-exporting states in the Middle East will lead economic growth in the region, where pro-democracy uprisings have been pushing for…
Egypt to boost wheat imports to avert political unrest
September 20, 2011
Egypt to boost wheat imports to avert political unrest
Egypt, the world’s biggest wheat buyer, plans to boost imports this year to build domestic stockpiles and prevent future political…
Egypt bought 2.6 million tons of local wheat in 2011
September 20, 2011
Egypt bought 2.6 million tons of local wheat in 2011
Egypt bought 2.6 million tons of wheat from local producers in 2011 compared to 2.1 million tons a year earlier,…
SK E&C JV wins US$3.5 billion project in Egypt
September 20, 2011
SK E&C JV wins US$3.5 billion project in Egypt
SEOUL - South Korea's SK Engineering & Construction said on Tuesday that a joint venture it operates with a U.S.…
Egypt’s Orascom Telecom up on Algerian unit report
September 19, 2011
Egypt’s Orascom Telecom up on Algerian unit report
Orascom Telecom climbed more than 7 pct after an Egyptian newspaper reported that a law firm charged with valuing the…
Egypt discusses finance package with Saudi, UAE
September 19, 2011
Egypt discusses finance package with Saudi, UAE
Egypt is discussing financial packages for budgetary and other support with Saudi Arabia and the United Arab Emirates that could…
Israel faces holiday palm shortage as Egypt bans export
September 19, 2011
Israel faces holiday palm shortage as Egypt bans export
An Egyptian decision to ban the export of closed palm fronds used in an upcoming Jewish festival is forcing Israel…
UAE lends Egypt US$1.5 billion
September 18, 2011
UAE lends Egypt US$1.5 billion
The United Arab Emirates (UAE) ambassador in Cairo, Mohamed al-Zahiry, said on Sunday that his country is lending Egypt US$1.5…