Business

SK E&C JV wins US$3.5 billion project in Egypt

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

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

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

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

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…
Egypt considers renegotiating loan with IMF

Egypt considers renegotiating loan with IMF

Senior official sources have revealed that the Egyptian government is considering renegotiating with the International Monetary Fund (IMF) for a…
Egypt’s Ezz Steel falls 10% after statement

Egypt’s Ezz Steel falls 10% after statement

Ezz Steel , whose shares tumbled last week after a court jailed its former chairman and ordered two licenses be…
Public transport workers to stage general strike Sunday

Public transport workers to stage general strike Sunday

A dispute between the official Public Transport Workers Syndicate and its independent counterpart about staging a general strike escalated on…
Post-revolt Egypt unlikely to yield big investment openings

Post-revolt Egypt unlikely to yield big investment openings

The political unrest in North Africa and the Middle East is unlikely to produce significant investment opportunities for multinational corporations…
Egypt requests price review for natural gas supplies to Spanish-Italian company

Egypt requests price review for natural gas supplies to Spanish-Italian company

The Egyptian Ministry of Petroleum called for a fresh review of prices for the natural gas supplied by the Egyptian…
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