January 29, 2001
Representatives of the Egyptian government and the European Union initialed an economic association agreement on Friday at the European Commission headquarters in Brussels. Putting their pen to paper
The Central Bank of Egypt released its annual report for the fiscal year 1999/2000. According to the report, nominal GDP witnessed a 6.4 percent growth rate, up from 6 percent in FY99. Real GDP fared
Last week, mutual funds underperformed the PAMI, inching up 1.40 percent versus the PAMI's advance of 5.05 percent. All local funds made week-on-week gains. AMEX First Fund led the week’s gainers with
Prime Asset Management Index (PAMI) has crossed over the 7,700 resistance level, after falling below the 7,500 level. On Thursday, January 25, the index broke its short-term downward trend and is expe
Egypt, Lebanon, Syria and Jordan signed Sunday a billion-dollar deal for the transport and sale of natural gas between the four countries.
January 28, 2001
The United Nation Children Fund (UNICEF) has praised Egypt\'s achievements in protecting child rights, and efforts undertaken by the government to dev
Egypt and the European Union (EU) initialed a long negotiated economic association agreement on Friday, opening the way for a new era of bilateral rel
Following a two-year long period of recession in which sales collapsed by nearly 80 percent, the gold markets in Egypt have recently showed a noticeable recovery and signs of prosperity.
The Central Bank of Egypt injected LE1.1 billion this week through the repurchase of T-Bills to increase domestic liquidity. Consequently, the median overnight interbank rate dropped to 3 percent on J
The Egyptian Company for Mobile Services released FY2000 unaudited results ending December 31,2000. Net income surged 105 percent to LE289.1 million compared to LE141 million in FY99. Revenues edged u
This week the market saw greater activity with the release of MobiNiL’s FY2000 earnings, which came in as a surprise, beating market estimates by over 20 percent, as net profit reached LE289.1 million
The Israeli electricity company (IEC) chose an Egyptian offer for the supply of natural gas over a period of 10 years at a cost of $3 billion, public Israeli television said Thursday.
January 25, 2001
The Egyptian Company for Mobile Services, Mobinil, released its FY2000 unedited results. Net income surged 105 percent to LE 289.1 million, compared to LE 141 million in FY99. Revenues edged up 41 per
Egyptian government sources have rejected criticism that the country’s recently signed free trade agreement with Iraq did in any way violate United Nations sanctions.
Apache Corp. says it has acquired substantially all of Repsol YPF's oil and gas concession interests in the Arab Republic of Egypt for US$410 million, effective January 1, 2001.