January 9, 2001
On Sunday, January 7, telecom companies dragged the CASE lower. The Telecom sector was severely affected with both GSM giants trading limit down most of the session. Orascom Telecom –OT (ORTE.CA) los
Misr Hotels-Hilton (MHOT.CA) will hold its extraordinary and ordinary general assemblies on January 23, to approve the financial statements of its subsidiaries and affiliate companies. Minister of pu
Chipsy for Food Industries (CFIN.CA) and PepsiCo Inc. (NYSE=PEP) have formed a joint venture under the name Chipsy International. The newly formed company includes both CFIN and PEP’s entities in Egyp
January 8, 2001
Egypt\'s Culture Minister Faruq Hosni said Monday he ordered three books withdrawn from sale that were deemed indecent, and sacked the official who pu
An Egyptian court was due to issue a verdict on Tuesday in the trial of 96 people accused of a bloodbath that claimed the lives of 20 Christians and o
The Egyptian public spending included in the draft budget for 2001 has been fixed at 120 billion Egyptian pounds ($30.93 billion)according to Egypt’s Prime Minister Atef Obeid.
In 2000, the 2-year old Euro bottomed, losing some 30 percent of its value. 2001 might restore the now forgotten hopes of a European reserve currency. At home, OT’s IPO went through in 2000 while TE d
The Holding Company for Financial Investment –Lakah Group (EGHFI06=CA) (fixed, maturity April 2002) distributed coupon #4 of LE55.45/bond covering the period from July 1 to December 31, 2000 starting
Last week mutual funds under performed the PAMI, gaining 0.5 percent, whereas the PAMI rose 0.65 percent. Twenty funds were able to end last week on a positive note. SAIB third fund and AMEX first fun
January 7, 2001
A Cairo-based Egyptian organization, the Society of Businessmen, has donated two million Egyptian pounds or $514,000 to the Dar-Al-Hanan Society for t
Egyptian Foreign Minister Amr Moussa is due to visit Sudan, Saudi Arabia and Tunisia this week to discuss both the Arab-Israeli peace process and effo
Fourteen people were killed and 67 others injured Sunday in two accidents blamed on foggy desert roads near Egypt\'s Suez Canal.
A new joint venture, the Spanish-Egyptian Gas Company, will be established soon in the port city of Damietta, reported <I>Xinhua News Agency</I>.
Orascom Telecom and France Telecom have acquired Motorola’s 35.3 percent stake in the MobiNiL Telecommunication Consortium. OCI announced the distribution of a 1:4 stock dividend starting January 18.
January 6, 2001
The Egyptian police arrested author Salahadinne Mohsen at Cairo Airport on December 23rd while he was trying to leave for Turkey, The Middle East repo