Egypt

March 20, 2001

02:00 GMT

According to Al-Alam Al-Youm newspaper, Suez Cement (SUCE.CA) Chairman Mohamed Dessouki announced that four international investors are currently conducting due diligence before bidding to acquire the

02:00 GMT

On Sunday, March 18, the market declined in reaction to Friday’s NASDAQ plunge. Helwan Cement (HELW.CA) bucked the trend to close 2.17 percent higher at LE41.85 on news that The Holding Company for Me

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Introduction: As a country with an arid landscape, little rain, and 97 percent desert, Egypt is dependent on the Nile River for its existence. The Greek historian Herodotus (c. 486-425 B.C.) observed

March 19, 2001

02:00 GMT

A delegation from the United States Commission on International Religious Freedom will pay a four-day visit to Egypt on March 20 as part of a regional

02:00 GMT

Forty Egyptian and American businessmen working in Egypt will start their trip called “Doors Ways” to Washington on the 25th of March to discuss Egypt

02:00 GMT

The Egyptian Capital Market Authority (CMA) has embarked on the transformation of its paper archive into an electronic one.

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Consultation started Monday to choose a successor for the secretary general of the Islamist opposition Labor Party, Adel Hussein, who died last Tuesda

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For lack of the 50+ quorum, the sub-elections of Egypt’s Bar Association were put off to next Sunday in Cairo.

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The Egyptian opposition MPs took advantage of the sessions held to respond to the government statement by condemning its policies

02:00 GMT

Noble Affiliates, Inc. announced that its wholly owned subsidiary, Samedan, Mediterranean Sea, Inc., and its partners have been selected by Israeli Electric Corp.

02:00 GMT

Egypt's minister of electricity Ali al-Saidi announced Sunday that one or two electrical power distribution companies will be privatized later this year.

March 18, 2001

02:00 GMT

The Union of Egyptian Banks is considering setting up a security control mechanism for e-banking.

02:00 GMT

Although most of the Gulf Arab markets ended the week on a positive note, the Cairo Stock Exchange followed the negative trend of international markets, and ended the week 7.5 percent lower.

02:00 GMT

The Royal Dutch/Shell Group of Companies (Shell) announced today that it has finalised a Concession Agreement with the Egyptian General Petroleum Corporation (EGPC) to allow the Fayum Gas Company, a S

02:00 GMT

Misr International Bank –MIBank (MIBA.CA –MIBDq.L) released FY2000 results ending December, in which net in-come plunged 19.9 percent to LE204.85 million compared to LE255.75 million in FY99. The bott