Business

Egypt sees annualized Q4 GDP growth at 6-6.2 pct

Egypt sees annualized Q4 GDP growth at 6-6.2 pct

Egypt's economy is estimated to have grown by an annualised 6 to 6.2 percent in the October to December quarter,…
Rebar demand declining

Rebar demand declining

Rebar demand in Egypt has declined during the last few days, according to the general manager of the Metallurgical Industries…
International tender for Egyptian-Saudi power grid next month

International tender for Egyptian-Saudi power grid next month

The government plans to invite international bids for the establishment of an Egyptian-Saudi power grid link in February, Egyptian Electricity…
Egypt’s Mobinil to pay 9.19 EGP dividend, stock up

Egypt’s Mobinil to pay 9.19 EGP dividend, stock up

Egyptian mobile operator Mobinil EMOB.CA said on Wednesday its dividend for the first nine months of 2010 would nearly match…
Egyptian textiles producers hope to export more to US markets

Egyptian textiles producers hope to export more to US markets

On Monday, Alaa Arafa, head of Egypt's Textiles Export Council, said that
New steel production quotas to be announced Wednesday

New steel production quotas to be announced Wednesday

The Industrial Development Authority (IDA) on Wednesday will set production quotas for steel sponge and foundation steel for the four…
Ministers’ Council finalizes main features of new law on state land sales

Ministers’ Council finalizes main features of new law on state land sales

The main features of proposed legislation governing the sale of state land have been finalized by a state-appointed legal committee…
Dana Gas output in Egypt surges 20 pct in 2010

Dana Gas output in Egypt surges 20 pct in 2010

Abu Dhabi--Dana Gas said on Tuesday its production in Egypt increased 20 percent in 2010 helped by output from seven…
Court postpones review of Palm Hills case

Court postpones review of Palm Hills case

An Egyptian court today adjourned until 1 March its review of a lawsuit calling for revoking the sale of land…
Experts: Alex church bomb attack won’t affect tourism

Experts: Alex church bomb attack won’t affect tourism

“The bomb attack on the Church of St. Mark and St. Peter in Alex won’t affect tourism,” said Egyptian Tourism…
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