Egypt

February 12, 2001

02:00 GMT

Royal Dutch Shell is about to complete its second well in the Northeastern Mediterranean (NEMED) offshore deepwater block, MEES understands.

02:00 GMT

According to Al -Alam Al-Youm newspaper, the Algerian government plans to offer GSM cellular network licenses in May 2001. It is worth noting that Orascom Telecom –OT (ORTE.CA) announced previously th

02:00 GMT

On Thursday, February 8, the market stabilized with a slight downward bias. In the tourism sector, Orascom Hotel Holdings – OHH (ORHC.CA) continued its upward trend, rising nearly 4.74 percent to LE7.

02:00 GMT

Mutual funds ended last week, February 8, outperforming the PAMI, inching down 0.7 percent while the PAMI fell 2.69 percent to 7,737.7. Eighteen funds ended the week in the red, while 3 only made week

February 11, 2001

02:00 GMT

Egypt's Prime Minister Atef Ebeid said that President Hosni Mubarak’s upcoming visit to Italy next week aims at fostering joint cooperation in the fie

02:00 GMT

Egypt will be represented at Cannes film festival, which will be held next May, by the film “Sadat Days.”

02:00 GMT

Orascom Hotel Holdings -OHH (ORHC.CA) held its extraordinary general assembly on February 6, which approved a capital increase of a maximum of LE700 million. OHH will use the proceeds to acquire Orasc

02:00 GMT

The Central Bank of Egypt announced the acceptable bids for its 182-day T-Bill auction, from which 49 out of 60 bids were accepted with a total face value of LE508.175 million. The annual interest rat

February 10, 2001

02:00 GMT

In October 2000, Egyptian singing star Hakim released the long-awaited Yaho in the United States on Mondo Melodia Records. Already a massive success in the Middle East, the album sold over 1 million c

February 8, 2001

02:00 GMT

The film story is based on a real life story derived from the archives of the Anti Drug Trafficking Department. Ahmad Al Sabaawi, the film producer, eventually decided to name the film “Ashghal Shak

02:00 GMT

On Wednesday, February 7, the market got off to a slow start due to early profit taking in the cement sector. However, by the end of the session many cement shares had ended higher.

02:00 GMT

Minister of Public Enterprise Mokhtar Khattab announced on Wednesday, February 7, that the government has not received any bids for its 47.8 percent stake in Helwan Cement (HELW.CA), as the Holding Co

02:00 GMT

Orascom Hotel Holdings -OHH (ORHC.CA) held its extraordinary general assembly yesterday, February 6, which approved a LE700 million capital increase. OHH will use the proceeds to acquire Orascom Proje

02:00 GMT

On Tuesday, February 6, continued to ease in light of uncertainty surrounding the outcome of the Israeli election.

February 7, 2001

02:00 GMT

Suez Cement (SUCE.CA) will hold its extraordinary general assembly on February 24 to approve a capital increase by 10.1 million shares designated for a strategic investor. The fair value of the shares