Egypt

January 15, 2001

02:00 GMT

In the week ending January 12, mutual funds outperformed the PAMI, inching down 0.1 percent versus the PAMI's slip of 0.21 percent. Eleven local funds made week-on-week gains. Export Development Bank

January 14, 2001

02:00 GMT

The Egyptian cement sector has again become in the spotlight after the government recently revoked a decision to sell part of its stocks to the privat

02:00 GMT

The Administrative Court and the Supreme Administrative Court in Egypt have recently handed down three verdicts prohibiting Egyptians who hold dual ci

02:00 GMT

The Egyptian government is not planning to let the Egyptian pound float free, despite its sliding value against the dollar, Prime Minister Atef Ebeid was quoted as saying by newspapers on Saturday, Ja

January 13, 2001

02:00 GMT

Iran\'s President Mohammed Khatami called on Saturday for further expansion of ties between Iran and Egypt.

02:00 GMT

Direct foreign investment in Egypt will rise noticeably in 2001, with an expected 13 percent increase over the last year.

January 11, 2001

02:00 GMT

Egyptian bankers expect the value of the Egyptian pound to stabilize during 2001, despite an expected increase in demand for foreign currency needed to repay foreign liabilities, reported <I>Al-Watan<

02:00 GMT

Upper Egypt Contracting (UEGC.CA) will hold both its ordinary and extraordinary general assemblies on February 5 to approve its FY2000 financial statements and the increase in issued capital to LE20 m

02:00 GMT

The Hana-8 development well drilled in the West Gharib Block, Gulf of Suez area, Egypt has been completed as a dual Miocene Kareem and Rudeis Sand oil producer.

02:00 GMT

The foreign ministers of Egypt and Saudi Arabia have sent back to a committee of experts their plan for the setting up of a free trade zone, after a joint commission meeting late Tuesday.

02:00 GMT

Gitex Cairo, the Egyptian version of Dubai’s influential information technology trade fair, received a boost with the announcement by a number of Italian companies that they intend to exhibit at the e

02:00 GMT

On Tuesday, January 9, the market slipped slightly lower in mixed trading. Although a number of rumors were floating around yesterday, their impact on trading was limited. GSM heavyweight MobiNiL (EMO

January 10, 2001

02:00 GMT

On Monday, January 8, the market closed slightly higher in mixed trading. Chipsy for Food Industries (CFIN.CA) led the market in anticipation of the announcement of the merger with Tasty Foods (see st

January 9, 2001

02:00 GMT

France Telecom has become the majority shareholder in Egypt\'s largest mobile telephone company, MobiNil, after buying $252 million in shares from the US firm Motorola, the French firm said.

02:00 GMT

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