BNP Paribas gets ISO for its international trade finance services
BNP Paribas Egypt, which has been offering international trade finance services since 2005, acquired the ISO 9001:2008 model, which is a Quality Management System (QMS) in the scope of…
Egypt pound extends losses against dollar
The Egyptian pound weakened to its lowest against the dollar since March 13, 2009, as it tracked the euro downward on concerns over the health of euro zone economies. The…
No decision yet on Vodafone stake bid: Kamel
Egypt's communications minister said on Monday a final decision had not been made over whether landline monopoly Telecom Egypt would try to boost its stake in Vodafone's Egyptian unit. Telecom…
Sewedy eyes power investment in Pakistan
El Sewedy Cables said on Tuesday it was negotiating for a 50-megwatt power generation project in Pakistan, in a bid to open a new market in Asia. The firm, the…
No progress on Orascom Algeria unit sale: Djoudi
Egyptian operator Orascom Telecom has shown no willingness to discuss a sale of its Algerian business to the Algerian government, finance minister Karim Djoudi said on Tuesday. Algeria last month…
Italy's Wind eyes acquisitions in growth push
ROME: Italy's No.3 mobile phone operator Wind is open to making acquisitions to grow in the competitive Italian telecoms market and would be interested in BT's Italian unit if it…
Nationality, Orascom tag could hobble OCI in Algeria
CAIRO: Orascom Construction Industries (OCI), Egypt's biggest listed builder, will be forced to seek more work at home and in Gulf Arab states as economic and political tensions make its…
History lesson: Privatization, cronyism and industry
CAIRO: “I wanted to go deeper into the complexities behind the apparent self-enrichment practices evident in the current government,” said Amr Adly, a PhD candidate at the European University Institute…
Egypt competes for investor money amid global crisis
NEW YORK: Egypt is competing for foreign investors' stock listings at a time when risk tolerance is thin and turmoil in the global economy has reduced confidence that there will…
Egyptian arrested for trying to sneak into Gaza
CAIRO: Border guards in Rafah arrested a man in the early hours of Tuesday morning as he attempted to infiltrate the border into the Gaza Strip. The man was identified…
