Business

10 companies shortlisted for Egypt’s first privately-owned power station

10 companies shortlisted for Egypt’s first privately-owned power station

Minister of Electricity and Energy Hassan Younis announced that from 19 companies and consortia, ten have been shortlisted for the…
Govt banks struggle to diminish debt portfolios

Govt banks struggle to diminish debt portfolios

Government banks are increasing efforts to cut down the size of customers' overdue debt portfolios and bridge the gap in…
Algeria: No timetable on Djezzy dispute with Orascom

Algeria: No timetable on Djezzy dispute with Orascom

The Algerian government cannot give a timetable for resolving a dispute over Orascom Telecom's Algerian unit Djezzy, said Moussa Benhamadi,…
45,000 feddans for first agricultural area in Sinai

45,000 feddans for first agricultural area in Sinai

South Sinai--Amin Abaza, minister of agriculture and land reclamation, has announced that 45,000 feddans will be allotted for the first…
YBG vows to settle public, private debts

YBG vows to settle public, private debts

Finance Minister Youssef Boutros-Ghali announced on Wednesday that his ministry would settle its outstanding debts to insurance funds in both…
Report: Egypt facing shortfall of ‘strategic’ crops

Report: Egypt facing shortfall of ‘strategic’ crops

An official report conducted by the Ministry of Agriculture has revealed an increasing shortage in a number of crops including…
Exporters: Ain Sokhna port can’t meet demand

Exporters: Ain Sokhna port can’t meet demand

Exporters say that an ongoing dispute between the Egyptian government and Dubai World, the company which runs the port of…
ET halts Vodafone buyout

ET halts Vodafone buyout

Egypt Telecom (ET) has called off negotiations with Vodafone over buying out its Egyptian operation, of which the later owns…
Algeria launches Djezzy talks with OT

Algeria launches Djezzy talks with OT

Orascom Telecom (OT) has received a letter from the Algerian government expressing its wish to negotiate a deal to buy…
Stock market up 2.8% despite Greek woes

Stock market up 2.8% despite Greek woes

The Egyptian stock exchange's EGX 30 index on Sunday rose by 2.8 percent, or 180 points, to close at 6518,…
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