20 Bedouins released from emergency jails including activist Abu Nusseirah
CAIRO: The Ministry of Interior approved Sunday release orders for 20 Bedouins held under the emergency law, including rights activist Yehia Abu Nusseirah. The latest batch of released detainees has…
50 demonstrate against police brutality at public prosecutor’s office
By Sarah Carr CAIRO: Protestors in Cairo demonstrated against police violence on Sunday, a week before the trial of two policemen accused of brutality begins. About 50 people gathered outside the…
Lawyers’ Syndicate ends strike pending court verdict against lawyers
CAIRO: The Lawyers’ Syndicate ended its nationwide strike until a court verdict is announced next month in the case of two lawyers sent to prison for attacking a prosecutor. No…
Egypt index up ahead of earnings season
Egypt's main index edged up 0.3 percent, but volumes remain low ahead of the earnings season and the traditionally low Muslim holy month of Ramadan, which begins on about…
Oriental Weavers ups production capacity by 15 pct
Oriental Weavers has added four new production lines to its plants in the domestic market, Al-Borsa reported citing Haitham Abdel Menem, investor relations manager of Oriental Weavers. The…
GEF lends Egypt $100 mln for solar park
Global Environment Facility (GEF), a global partnership among 178 countries, has approved lending Egypt $100 million to co-finance the construction of a 100-megawatt solar park in Kom Ombo, the…
CBE approves HDB’s third investment fund
The Central Bank of Egypt recently gave the Housing and Development Bank the green light to set up its third investment fund with initial capital of LE 200 million.…
Iran, Egypt to open joint bank in Tehran
The Managing Director of Iran Foreign Investment Company (IFIC) stated that Iran and Egypt will open the first branch of a joint bank in Tehran in the near future.…
Eni starts gas production at Tuna, offshore Egypt
Eni has started gas production in the Tuna field offshore Egypt, the Italian oil and gas company said in a statement on Monday. Eni said the project would produce about…
BP signs to develop deep water gas find in Egypt
BP PLC (BP) said Monday it has signed a new agreement in Egypt to develop significant gas resources in two deep water blocks. "Production from the West Nile…