Egypt

Egypt’s stocks gain LE 2.3 billion on Wednesday, while all indexes down
Business

Egypt’s stocks gain LE 2.3 billion on Wednesday, while all indexes down

The Egyptian stock exchange lost ground in Wednesday’s session under pressure from local and foreign institutions purchases, which recorded a net flow…
Egypt’s Beltone Financial plans to raise money for growth
Business

Egypt’s Beltone Financial plans to raise money for growth

Egypt's Beltone Financial has received regulatory approval for a two-stage plan to raise up to 242 million Egyptian pounds ($33.85…
Centamin cuts gold production forecast at Egyptian mine
Business

Centamin cuts gold production forecast at Egyptian mine

Centamin Plc cut its full-year production forecast for the only gold mine it operates, citing lower grades of the underground…
Egypt’s OCI to build coal power station on Red Sea coast
Business

Egypt’s OCI to build coal power station on Red Sea coast

Egypt's Orascom Construction, a subsidiary of OCI, has announced plans to build a 2,000 to 3,000 megawatt coal-fired power plant…
Egypt levels Sinai homes in new strategy against Islamist militants
Egypt

Egypt levels Sinai homes in new strategy against Islamist militants

At Egypt's border with the Gaza Strip, families are emptying their homes - lugging mattresses and furniture onto waiting vans…
Military spokesperson denies extending military service duration
Egypt

Military spokesperson denies extending military service duration

Armed forces have issued a statement attempting to rumors regarding increasing extensions of mandatory military service. “It has been recently noticed…
Rafah’s displaced families face agony after losing homes
Egypt

Rafah’s displaced families face agony after losing homes

At 2:30pm and after driving four kilometers in Arish, Al-Masry Al-Youm team's driver reaches Al-Risa checkpoint on the eastern border of…
Pope Tawadros visits New Jerusalem Monastery in Moscow
Egypt

Pope Tawadros visits New Jerusalem Monastery in Moscow

Egypt’s Copts’ leader Pope Tawadros II and the accompanying delegation visited on Monday the Novojerusalemskiy, or New Jerusalem, monastery in…
Telecom Egypt expects to take 5% of mobile market in one year
Business

Telecom Egypt expects to take 5% of mobile market in one year

Telecom Egypt CEO Mohamed al-Nawawy has called for expediting issuance of the fourth mobile carrier license, which was approved by…
Fog expected on Wednesday in Delta, Suez Canal zone
Egypt

Fog expected on Wednesday in Delta, Suez Canal zone

Meteorological experts predict nice weather on Wednesday in the north, moderate in the south during the day and cold at…
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