Egypt

February 4, 2001

02:00 GMT

Egypt’s new budget, which will be discussed this week by the Council of Ministers, has allocated 54 billion pounds ($14b approximately) for salaries,

02:00 GMT

Performance of the Egyptian economy witnessed a remarkable improvement during the fourth quarter of 2000.

02:00 GMT

Gitex Cairo, which will feature a range of international exhibitors and an Italian and Taiwanese Pavilion, will also offer learning an array of learning opportunities to visitors attending the exhibit

02:00 GMT

Egypt\'s Orascom Telecom is emerging as a significant regional player as it buys up mobile phone licenses in Africa, the Middle East and Pakistan. Pioneering in new markets, much as Telefonica has don

02:00 GMT

Orascom Hotel Holdings -OHH (ORHC.CA) will acquire Orascom Projects and Touristic Development –OPTD (OPTD.CA) to eliminate conflict of interest. The acquisition will be carried out through a stock swa

02:00 GMT

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

02:00 GMT

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

02:00 GMT

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

02:00 GMT

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

02:00 GMT

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

02:00 GMT

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

02:00 GMT

Egyptian Minister of Labor and Immigration Ahmad al Amawi, has said that the work opportunities currently available for Egyptian workers in the Gulf s

02:00 GMT

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.

02:00 GMT

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

02:00 GMT

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.