Egyptian-Indian company to launch $950 million investment project in Edfu
CAIRO: An Indian-Egyptian company has won the 2005 Investor of the Year Award, given out by the Organization for Economic Cooperation and Development (OECD), for selecting Egypt as the location…
Corporate governance in the spotlight
CAIRO: Having recently published its voluntary guidelines for corporate governance, the Egyptian Institute of Directors (EIoD) will begin a training program for corporate board members next month in cooperation with…
Mubarak's comments still making headlines
CAIRO: Since the week was void of any news guaranteed to make the front pages of local newspapers, editorials focused on the various aspects of corruption, the ongoing struggle of…
Nour files petition against writing ban Egypt's
CAIRO: Jailed opposition leader Ayman Nour filed a petition Wednesday accusing prison authorities of banning him from writing articles for his party newspaper, his wife said Gamila Ismail added that…
Egypt wants diplomatic solution to Iran crisis
CAIRO: Egypt said on Thursday it wanted a diplomatic solution to the dispute over Iran s nuclear program and could not accept the emergence of a new nuclear-armed power in…
Public sector to sell 50 percent of AMOC
CAIRO: Public sector shareholders in Egypt s Alexandria Mineral Oils Company (AMOC) plan to sell shares worth half the firm s capital, the firm told the Egyptian bourse in a…
Naeem joins consortium for mobile license
CAIRO: Egypt s Naeem Holding has joined Qatar Telecom and Singapore s ST Telemedia in a consortium to bid for Egypt s third mobile license, Naeem and Qtel said in…
Median o/n interbank rises to 8.25 percent
CAIRO: The median overnight interbank rate on the Egyptian pound rose to 8.25 percent on Thursday from 8.194 percent on Wednesday, as a central bank auction drew liquidity from the…
Egypt freezes assets of sunken ferry owner
CAIRO: An Egyptian prosecutor on Thursday froze the assets of the businessman who owned the ferry which sank in the Red Sea in February that killed more than 1,000 people,…
2 Egyptians and Polish tourist killed, 19 hurt in Egypt bus crash
A Polish woman was killed and 19 other Poles injured when a tourist bus collided with a truck in Egypt s Sinai peninsula, police said.Two Egyptians were also killed. The…
