Mohieddin: State companies debts to banks will be settled by the end of fiscal year 2006-07
Debts owed by Egyptian state-owned companies to local banks will be completely settled by the end of the 2006-07 fiscal year following the successful settlement of a LE 10 billion…
Mobinil given two weeks to stop using EDGE
CAIRO: Telecoms regulators, embroiled in a licensing dispute with Mobinil over the use of EDGE technology, have given the mobile phone operator two weeks to stop using the technology, government…
Implementing an effective IT infrastructure
Service availability and data management "key challenges for Mideast companiesCAIRO: A technology infrastructure conference was held yesterday that targeted CEOs, CIOs and IT company directors and professionals. Its goal was…
Cabinet reshuffle tops the news
Rumor of a possible train drivers' strike reported by Al-Masry Al-YoumCAIRO: A minor shuffle in the cabinet is in effect, read Monday's headlines. Three ministries out of the 31 headed…
U.S. seeks Egyptian support on Iran nuclear issue
CAIRO: Washington s top nuclear negotiator held talks in Cairo Monday as part of U.S. efforts to harmonize positions on the response to give to Iran s fast-advancing nuclear program.…
President effects minor cabinet shuffle
CAIRO: President Hosni Mubarak made minor adjustments to his cabinet Sunday, topping the changes with the reassignment of the justice portfolio. The heads of the foreign affairs, interior and defense…
Median interbank rate rises to 8.65 percent
CAIRO: The median overnight interbank rate on the pound rose on Monday to 8.65 percent from Sunday s 8.416 percent with the market short after a recent central bank auction…
Sewedy Cables posts $45 million H1 net income
CAIRO: El Sewedy Cables, listed on the stock exchange in May, reported a net income of LE 256 million ($45 million) for the first half of 2006, the stock exchange…
Three firms bid for stakes in Raya Telecom
CAIRO: Three multinational companies have submitted offers to buy stakes in Egypt s Raya Telecom, a subsidiary of Raya Holding, the stock exchange said on Monday. In a statement on…
Egyptian ferry rescued in Red Sea
CAIRO: An Egyptian ferry carrying about 1,000 passengers, mainly Muslim pilgrims, was rescued in the Red Sea after running into difficulty, the official MENA news agency reported Monday. The Cleopatra…
