Egypt

January 21, 2001

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Egyptian Transportation Minister recently stated that the ministry is prepared to renew the first metro line in Egypt, which is now 13-years old.

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An auction of licenses to operate three mobile phone networks in Nigeria was poised to end Friday as one bidder dropped out and two balked at a price of $295 million a license.

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Iraq and Egypt signed an agreement in Cairo Thursday to set up a free trade zone, amid growing ties between the two countries despite 10 years of sanctions against Baghdad.

January 18, 2001

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Iraqi Vice President Taha Yassin Ramadan held talks in Cairo Wednesday with Egyptian President Hosni Mubarak, before the two sides were to sign a deal for a free trade zone.

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On Tuesday, January 16, the market slipped in mixed trading, but saw higher volumes than Monday. Regional telecom operator Orascom Telecom – OT (ORTE.CA) fell 4.71 percent, as market sentiment turned

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Egypt’s President Hosni Mubarak recently reviewed the future strategy and vision of the Egyptian airports authority at a meeting he held with the Egyptian PM and the Transportation Minister.

January 17, 2001

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By Nigel Thorpe Chief of the English Copy Desk - AlBawaba   UNESCO quotes Egyptian authorities on its website (www.unesco.org/webworld) as saying \

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The British Sainsbury’s Corporation recently reported that it is continuing their evaluation of the future of Sainsbury’s-Egypt Company, and therefore, until now, no final decision has been made regar

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For the first time in Egypt’s history, the tourism sector has earned the title of the country’s largest generator of foreign currency, except oil exports. Incoming tourism provided revenues totaling $

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Egypt’s IT sector looks pumped for growth, with 592-million Egyptian pounds worth of investments in both hardware and software during the in the first 11 months of 2000, compared to EP 290 million in

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The African Development Bank has decided to invest $1.67 billion in Egypt over the coming three years — of which $563 million will be allocated to financing projects in both the private and public sec

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Vice President Taha Yassin Ramadan, the highest-ranking Iraqi to make an official visit to Egypt since the 1991 Gulf War, flew out on Tuesday headed for Cairo. It was only the third time since UN sanc

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Kvaerner received a letter of award worth about $30 million from Burullus Gas Company of Egypt for the engineering, manufacture, testing and delivery of a deepwater subsea production system for the Sc

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On Monday, January 15, the market ended lower in mixed trading and thin volume. The two telecom providers moved in opposite directions, as local GSM operator MobiNiL (EMOB.CA) rose 0.24 percent to LE7

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Orascom Telecom-OT announced in its press conference, held Monday January 15 after the market close, that it has paid a total $171 million to acquire Motorola’s stakes in Jordan Mobile Telephone Servi