Business
Orascom Construction signs $146 million Abu Dhabi contract
March 2, 2011
Orascom Construction signs $146 million Abu Dhabi contract
Egypt's Orascom Construction (OCI) (OCIC.CA) said on Wednesday it signed a $146 million contract in Abu Dhabi with Tecnimont SpA…
Egypt legal body orders Palm Hills deal scrapped
March 1, 2011
Egypt legal body orders Palm Hills deal scrapped
An Egyptian judicial panel ruled on Tuesday that a state land sale to Palm Hills Development, Egypt's second biggest listed…
Egypt may extend bid deadline for US$2.6 bln projects
March 1, 2011
Egypt may extend bid deadline for US$2.6 bln projects
Dubai--Egypt may have to extend bid submission deadlines for four infrastructure projects worth 15 billion pounds under its public private…
Egypt’s pound depends on political progress
March 1, 2011
Egypt’s pound depends on political progress
Egypt's new government has little time to get a credible political process in place before it risks renewed and possibly…
Reopening of Egyptian stock exchange postponed yet again
March 1, 2011
Reopening of Egyptian stock exchange postponed yet again
Egyptian stock exchange administrators decided Monday night to extend the suspension of trading until Sunday, although it had been scheduled…
Mobinil says lost US$14-17 mln during protests
February 28, 2011
Mobinil says lost US$14-17 mln during protests
Egyptian mobile operator Mobinil said on Monday it had lost around 80-100 million Egyptian pounds (US$14-17 million) during the protests…
Egypt gas to Israel to resume by 4 March
February 28, 2011
Egypt gas to Israel to resume by 4 March
New York--Egyptian gas supplies to East Mediterranean Gas and its clients in Israel are expected to resume by 4 March,…
Investors request extension to stock market closure
February 28, 2011
Investors request extension to stock market closure
The Supreme Council of the Armed Forces (SCAF) is examining demands by several stock market investors that the resumption of…
Centamin Egypt says Sukari mine exports continue
February 28, 2011
Centamin Egypt says Sukari mine exports continue
London--The mineral exploration development and mining company Centamin Egypt said it has received no notice from any Egyptian authorities regarding…
General Motors Egypt to invest $175 million as economy takes stock
February 28, 2011
General Motors Egypt to invest $175 million as economy takes stock
General Motors Egypt announced that it plans to inject the Egyptian market with new investments worth US$175 million.