September 20, 2000
Egyptian money exchanges are refusing to fix the price of the dollar, arguing it would be against the current free market policies embraced by the government. The dollar price has reached EL3.75 and c
The scandal-hit Lakah Group continued its dramatic plunge last week in Cairo, dropping 14.72 percent to close on Thursday at EL1.39.
Orascom Hotels Holding Company, Egypt's largest private hotel company, is to raise LE200 million ($50 million) in a bond and share issue (US$1=LE3.5). According to reports in the Egyptian press, the p
The number of tourists visiting Egypt in the first half of the year rose by 11 percent over the same period last year.
Egyptian officials say strategic sugar reserves are enough to cover seven months of consumption, but prices are rising on the local market and traders do not believe supply is meeting demand.
September 19, 2000
Kamal Shinnawi has joined the ranks of Egyptian stars who sell their biography rights to television.
Anwar Sadat’s daughters have voiced their disappointment in the upcoming movie about their father’s life.
With the ultimate goal of making Egypt the first Cisco Network Training Hub for the Arab and African region, the human-resources development program s
Canada's Vanguard Oil Corporation has announced further oil finds after drilling the Tanan-1 well to a depth of 8750 feet.
The latest quarterly report, Privatization in Egypt, has criticized the slow pace of selling off state-owned concerns. Egyptian economists say they too are unhappy with the situation. "During the 2nd
The European Investment Bank has decided to hold a meeting of its board of directors in Egypt - the first time such a meeting has been held outside Luxembourg, the headquarters state.
A report issued by the India Information Center states that Egypt "has traditionally been India's largest trading partner in Africa" and the Middle East.
As Egypt\'s IT sector continues to grow rapidly, a number of shortcomings are becoming evident, inhibiting Egypt\'s attempts to enter the global IT market.
The Government of Egypt has requested a possible sale for co-production of 13 M88A2 heavy recovery vehicle kits and 13 M2 machine guns. The estimated cost is $73 million.
September 18, 2000
Ilham Shahine’s latest movie has drained the actress of energy, so much that she has entered a hospital.