Banque Misr eyes stake in tomato paste project
Banque Misr is considering the acquisition of a 20 percent equity stake in a new project in Minya to produce tomato paste and tomato concentrates, reported AmCham Agriculture Sector Coverage.…
Broad money supply drops in April
Annual growth in broad money supply M2 dropped to 9.6 percent in April, from 9.8 percent in March, mainly due to a drop in foreign currency demand and savings deposits…
Egypt PPI up 15.79 pct in April from year earlier
Egypt's producer price index rose 15.79 percent in April from a year earlier, based on index figures released by Egypt's Central Agency for Public Mobilization and Statistics (CAPMAS). The index…
OCI says finishes purchase of DSM units
Orascom Construction Industries (OCI), Egypt's biggest listed builder and fertilizer maker, on Tuesday said it has completed its purchase of Dutch chemicals group DSM's melamine and agro businesses. "As of…
Egypt pound slips, nears 4-year low vs dollar
The Egyptian pound weakened and may slide to 5.70 to the dollar if it breaks the 5.67 resistance mark, a forex trader at an Egyptian bank said. Breaking 5.7025 would…
Artist Louise Bourgeois dies in NYC at 98
Artist Louise Bourgeois, whose sculptures exploring women's deepest feelings on birth, sexuality and death were highly influential on younger artists, died Monday, her studio's managing director said. She was 98.…
Creative Commons enters Egypt via GeekFest Cairo
Alongside the Nile in Sawy Culture Wheel’s River Hall, some 200 artists, musicians, web-designers and other techies gathered on Saturday to “talk geek” in a conversation loosely organized around a…
Exxon Mobil joins forces with AUC
CAIRO: The American University in Cairo and Exxon Mobil Egypt joined forces and launched an initiative to educate and train 20 teachers and administrators from Hadayek El Maadi Experimental School…
Obstacles remain to effective legal system
CAIRO: While access to justice is protected by Articles 66 and 68 of the constitution, there remain obstacles to implementing them, a two-day workshop concluded last week. Around 35 people…
Voters, independent candidates allege electoral fraud in Helwan
HELWAN: Voters in the Helwan constituency alleged electoral fraud during the Shoura Council elections held Tuesday. A crowd of roughly 40 voters gathered outside the El-Rassas polling station,…
