Business
IMF delegation to visit Egypt over future borrowing
October 2, 2011
IMF delegation to visit Egypt over future borrowing
International Monetary Fund (IMF) officials proposed to amend the conditions tied to Egypt’s request to borrow US$3 billion in June…
Egypt falls 13 slots on Global Competitiveness Index
September 28, 2011
Egypt falls 13 slots on Global Competitiveness Index
Egypt went down from number 81 last year to number 94 on the 2011 Global Competitiveness Index, which lists a…
Egyptian stock exchange suffers fifth worse loss on record
September 28, 2011
Egyptian stock exchange suffers fifth worse loss on record
The Egyptian stock exchange on Wednesday lost more than LE10 billion, the fifth biggest one-day loss in the country's history.
Flights between Egypt and Libya resume
September 27, 2011
Flights between Egypt and Libya resume
Flights between Egypt and the eastern Libyan city of Benghazi have resumed, an airport official said on Tuesday, with plans…
Egypt’s OCI to develop Palm Hills property project
September 27, 2011
Egypt’s OCI to develop Palm Hills property project
Egypt's Palm Hills Development, the country's second-biggest listed developer, said Orascom Construction (OCICq.L) had won the development contract for a…
Egyptian airports recover 80% of activity
September 27, 2011
Egyptian airports recover 80% of activity
The Egyptian Airports Company said Monday that domestic aviation has been restored to 80 percent of its former activity, and…
Cabinet approves amendments to antitrust laws
September 26, 2011
Cabinet approves amendments to antitrust laws
The cabinet has approved amendments to the antitrust law, granting the government the right to set prices of certain basic…
Egypt’s Orascom Telecom renews Bangladesh license
September 26, 2011
Egypt’s Orascom Telecom renews Bangladesh license
Egypt's telecom giant Orascom Telecom Holding says its Bangladeshi subsidiary Banglalink has been approved a 15-year license to continue operating…
Egypt mobile phone June subscriptions up 30 pct
September 26, 2011
Egypt mobile phone June subscriptions up 30 pct
The number of mobile phone subscriptions in Egypt grew 30 percent from a year earlier to 76.43 million as of…
Dubai World reopens Ain Sokhna port in Egypt
September 26, 2011
Dubai World reopens Ain Sokhna port in Egypt
Dubai port operator DP World has reopened its Ain Sokhna port in Egypt after a temporary shutdown caused by labor…