September 14, 2000
Oriental Weavers achieved a noticeable increase in profits during the first six month of FY 2000. Net profits reached LE 61.39 million compared to LE 56.44 million during the same period of the previ
Safwa Index went down by 5.60 points or -1.68 percent to reach 327.24 points as compared to 332.84 points.
New legislation is being drafted to loosen control of Egypt's telecommunications sector as the market anticipates a forthcoming offering of a 20-percent stake in the national fixed-line telephone mono
The Social Fund for Development, (SFD), has signed an agreement with the US Small Business Administration, (SBA), intended to support small and medium-sized enterprises, (SMEs).
The latest quarterly report, "Privatization in Egypt," echoes recent criticisms by economists and stock market analysts about the slow pace of selling off state-owned concerns.
One of Egypt's oldest industries, textiles is the country's largest manufacturing sector after food processing. Textiles and apparel exports generate $800 million annually and constitute one-fifth of
Orascom Hotels Holding Company, Egypt's largest private hotel company, is to raise LE200 million in a bond and share issue. The plan replaces the company's earlier intention to raise between $80 milli
Over 150 hotels in Cairo have completed their preparations towards the upcoming tourism season in the city to absorb foreign and Arab tourists expected to fill their rooms.
The number of tourists visiting Egypt in the first half of the year rose by 11 percent over the same period last year, confirming that the tourism is recovering from the 1997 Luxor massacre.
September 13, 2000
Egypt's ruling party, National Democratic Party, accused in the past of ignoring minorities and women, says it will field at least two Coptic Christia
Making way for an ever-expanding population, Cairo authorities have begun moving thousands of graves from the City of the Dead, whose tombs shelter ma
Layla Murad began her musical career with the famous Egyptian composer/singer Mohammad Abdul Wahab. The songstress was making a routine visit to her composer father Munir Murad, where Layla would some
(1901-1992) Mohammad Abdul Wahab, better known as the ‘Singer of all Generations,’ was born within a very religious family in the Bab El Sheri’a area. Initially Wahab’s talent was only revealed duri
Refining and Petrochemicals: Egypt's eight refineries are able to process more than 577,000 bbl/d of crude, with the largest refinery being the 145,000-bbl/d Mostorod refinery outside of Cairo.
Egypt is a significant oil producer and a rapidly growing gas producer. The Suez Canal and Sumed Pipeline are strategic routes for Persian Gulf oil shipments, making Egypt a focal point in world energ