February 4, 2001
On Wednesday, January 31, the market continued to consolidate in increased market activity. Exchange rate concerns and lower than expected earnings for Orascom Telecom – OT (ORTE.CA) continue to weigh
Despite negative market conditions in 2000, recently publicized CBE figures cast a more favorable light on the overall economic conditions in Egypt.
February 3, 2001
Egyptian President Hosni Mubarak ended Friday a three-day official visit to Oman, where he held talks with Sultan Qaboos on ways of enhancing bilatera
February 1, 2001
Egypt\'s minister of economy, Youssif Boutros Ghali, will head a trade delegation on a visit to Baghdad from February 9-13 for talks with Iraqi offici
Shell International Gas Ltd (Shell) and Egypt Kuwait Holding Company (EK Holding) today announced that they have finalized an Acquisition Agreement to transfer 18 per cent of NATGAS shares from EK Hol
On Tuesday, January 30, the market surrendered some of the gains realized starting last week, as profit taking increased in a flurry of market activity.
January 31, 2001
Egyptian Minister of Labor and Immigration Ahmad al Amawi, has said that the work opportunities currently available for Egyptian workers in the Gulf s
Orascom Telecom -OT (ORTE.CA) posted a net loss of LE15.8 million in its 9-month FY2000 results ending September, compared to a LE66.1 million profit in 1H FY2000. Meanwhile, revenues reached LE1,497.
On Monday, January 29, the market’s rise slowed down, as investors took profits on gains realized last week. The reweighing of portfolios following Merrill Lynch’s upgrade of the Egyptian market conti
Dismayed by a creeping devaluation of the national currency, the head of the Egyptian central bank has a announced a tightening of the more liberal exchange rate policy that was introduced last May.
Egypt's Economy Minister Yussef Boutros-Ghali is to visit Cyprus in April to galvanise joint interests in exploiting oil and natural gas reserves in the Eastern Mediterranean, a government minister sa
January 30, 2001
Egypt’s central bank released its annual report for the FY 1999/2000. According to the report, nominal GDP witnessed a 6.4 percent growth rate, up from 6 percent in FY99.
Suez Cement (SUCE.CA) has responded to our questions concerning recent market rumors surrounding its upcoming capital increase. A company official declared that SUCE is still considering its options f
On Sunday, January 28, the market got off to a strong start, continuing to gain ground from last week. Investor sentiment has become more confident coinciding with Merrill Lynch’s upgrade of the Egypt
The Central Bank of Egypt held a press conference on January 28, during which Minister of Economy & Foreign Trade Youssef Boutros Ghali announced that the executive regulations of Law No.38 of 199