Egypt's fuel subsidies seen up to $13 bln-oil min
CAIRO: Egypt's oil minister expects its fuel subsidies bill to swell to LE 72 billion ($13 billion) in fiscal 2010/11, from LE 68 billion in 2009/10, and said on…
Ismaili to punish Salem for rejecting Zamalek
CAIRO: Ismaili have decided to act against Moatassem Salem's desire to join Ahly by claiming the defender will stay in Ismailia until the end of his contract. Salem's future has…
Egypt settles public companies' bank debts
CAIRO: The Egyptian government’s plan to settle public companies’ debt to the banking system will be completed by the end of the fiscal year, the investment minister said earlier this…
National Bank of Egypt to underwrite PPP financing
The National Bank of Egypt (NBE) will be the principal coordinator and underwriter in financing loans under the PPP program, after it signed an agreement with the finance ministry, reported…
Egypt may add Poland, Romania to its list of wheat providers
Egypt, the world’s biggest wheat importer, may add Romania and Poland to its list of approved providers as it seeks greater competition and lower prices for the grain, reported…
Dana key well disappoints, makes two oil finds
British oil and gas exploration and production company Dana Petroleum said the Bamboo well off the coast of Egypt did not find oil, sending its shares down, although it made…
Amr Waked announced first UNAIDS Goodwill Ambassador
CAIRO: Egyptian actor Amr Waked was named the first UNAIDS Goodwill Ambassador for the Middle East and North Africa region by the Joint United Nations Program on HIV/AIDS. “This is…
Vodafone's Egypt unit to pay LE 12.50 dividend
The Egyptian unit of global mobile network operator Vodafone approved a LE 12.50 ($2.26) per share dividend on Wednesday, major shareholder Telecom Egypt said. Egypt's landline monopoly has a 45…
UAE economy is fine, says Dubai ruler
DUBAI: Dubai ruler Sheikh Mohammed bin Rashid Al-Maktoum has said that the economy of the United Arab Emirates is doing fine and that the worst for Dubai is over. In…
Egypt sees economic growth, FDI rising in 2010/11
Egypt aims to attract about $8 billion in foreign direct investment (FDI) and boost economic growth to 5.8 percent in the fiscal year that begins July 2010, the Economic…