Capsized Maadi ferry case adjourned, amendments to river transport code to be introduced
CAIRO: The verdict on the case of the Maadi ferry accident, which left nine girls dead, three injured and two missing, was adjourned by Maadi's Misdemeanors Court till July 31.…
Police locate missing priest’s wife
CAIRO: Police say they have found a priest’s wife, whose disappearance on Sunday July 18 had led to a sit-in by Copts at Cairo’s grand cathedral in response to rumors…
Egypt ranks second FDI recipient in Africa: UN report
CAIRO: Egypt ranked as the second recipient of foreign direct investment (FDI) among African nations in 2009, according to a UN report, following Angola in first place. Egypt received a…
More gas for Egypt after BP, RWE deal
CAIRO: A groundbreaking $9 billion agreement signed by Egypt this week should help it meet growing domestic and foreign gas commitments by boosting supplies and encouraging new exploration. Under its…
Vodafone Egypt nears market leader by subscribers
The Egyptian unit of Vodafone may have overtaken Mobinil last quarter as the country's largest provider of mobile phone subscriptions, data shows. Egypt's three mobile operators — the third is…
NBE meets investors on plan to sell $1.5 bln bonds
National Bank of Egypt, the country’s largest lender, plans to sell its first international bonds and is meeting with fixed-income investors, according to three people familiar with the plan. The…
Egypt to increase supply of goods during Ramadan
State agencies are to increase supply of meat, poultry fish, oils, rice and beans in order to keep prices low during Ramadan, reported Al-Ahram newspaper. Other measures are being taken…
Naeem gets bids for Arabeya Online Brokerage
Naeem Holding, Egypt’s third-largest publicly traded investment bank, rose to the highest level in more than a month after saying it received bids for Arabeya Online, the company’s web-based brokerage…
Foreign investments in oil exploration hit $16.2 bln
The volume of foreign investments in oil and gas exploration in Egypt hit $16.2 billion in the last fiscal year, the petroleum minister said, according to the Global Arab Network.…
Oriental Weavers completes 60 percent of yarn plant construction
Oriental Weavers completed 60 percent of construction works in the new yarn plan, which investment cost amounts to about LE 250 million. Haitham Abdel Menem, investor relations manager…