MPC consultants suggest selling off theme park to propel the company
Management of the Egyptian Media Production City will be market-oriented so that the company can secure sufficient liquidity for upgrading and achieving proper returns on investment, says Chairman and Managing…
AMIG wins El-Sewedy Cables LE 2.5 bln insurance deal
The Arab Misr Insurance Group, AMIG, has won a deal offered by El-Sewedy Cables Company for insurance coverage of more than 20 factories and 400 vehicles against marine transport, fire,…
Vodafone Egypt backs away from competition over international calls license
Vodafone Egypt has retreated from competition over the license for international calls and roaming services for its customers and extended its exclusive agreement with the state-owned Telecom Egypt beyond 2007.…
Piraeus Bank Egypt reports LE 13.5 mln 9-month net
Piraeus Bank Egypt reported a net profit of LE 13.5 million ($2.4 million) for the first nine months of 2006, the Egyptian stock exchange said on Wednesday.No comparison figures were…
Sokhna port projects to construct jetty, two facilities at a cost of $60 mln
The Ministry of Transport has approved a proposal for constructing a 150,000 square meters jetty and a liquids storage facility at Ain Al-Sokhna Seaport for Al-Sokhna Port Development Company at…
Saudi investments in Egypt reach LE 675 mln in the first five months of 2006
Saudi investment in Egypt increased during the first five months of this year to LE 675 million, official Egyptian statistics revealed today, according to Al-Sharq Al-Awsat ITALICS daily newspaper. The…
The koshariman's dilemma
Koshari dealers serving it cheap despite the high price of onionsKoshari outlets are having a hard time struggling to keep the price of that popular, nutritious and consumer-friendly dish within…
Egyptian cleric allegedly abducted by CIA recounts torture in Egypt
Associated PressAn Egyptian cleric who disappeared from a Milan street in 2003 in an alleged CIA kidnapping said he was tortured with electric shocks, left in a cell where rats…
