News in brief
SIFEM joins Egyptian distressed assets fund Geneva-based Swiss Investment Fund for Emerging…
Mobinil to issue $275 mln of 5-yr bonds
CAIRO: The board of Egypt s Mobinil will issue fixed-rate, unsecured 5-year…
Nasr City to speed up slack home sales
CAIRO: After selling just 33 apartments last year, Egypt s Nasr City…
Egypt, Iraq to boost investments
CAIRO: Osama Saleh, chairman of Egypt's investment authority, recently met with an…
Developing countries agree on tariff-cut deal
GENEVA: Twenty-two developing and poor countries including emerging giants India and Brazil,…
Dubai's Abraaj says Egypt investments on track
CAIRO: Dubai-based Abraaj Capital is pressing ahead with healthcare, education and agribusiness…
Blurring distinctions as telecom, IT sectors see growth
CAIRO: Private equity firm CI Capital released a glowing assessment of the…
Egypt eyes solar power exports, costs too high now
CAIRO: Egypt, which plans to start its first solar power unit in…
Oil falls below $78 on US demand doubts
LONDON: US crude futures fell below $78 a barrel on Wednesday after…
Auto Sales on the Rise
CAIRO: A report from the Automotive Marketing Information Council (AMIC) recorded a…