Egypt

April 25, 2001

03:00 GMT

The Central Bank of Egypt's board of directors said Tuesday, April 24, it had decided to further reduce the lending and discount rate by half a point to 11 percent amid moves to end an economic slump.

03:00 GMT

The Holding Company for Metallurgical Industries announced that it will begin to review bids to acquire the HC’s 47.9 percent stake in Helwan Cement (HELW.CA) starting May 1. However, the HC has not s

03:00 GMT

On Monday, April 23, the market gained more ground as bulls emerged moving stocks upwards. Talk of the Egyptian Cement Company (ECC) and Cemex’s interest in Helwan Cement (HELW.CA) abounded, which pus

April 24, 2001

03:00 GMT

Two men, who had just been sentenced to death for murder, took out razor blades and threatened to slash eight defendants sharing the same courtroom ca

03:00 GMT

More than 270 high school students from Turkey, Egypt, Lebanon in addition to the hosting country, Bahrain, will take part in the three-day Seventh An

03:00 GMT

It was reported that 26 countries are participating in this year's edition of the Tunis International Book Fair, displaying 97 000 books, which has go

03:00 GMT

Egyptologists have downplayed claims by two French archaeologists who have announced that they had found evidence of the precise location of the entra

03:00 GMT

592 Egyptians from different political parties have registered to run for the country’s Shura Council membership, to be held over three stages startin

03:00 GMT

A number of Egyptian scholars and press editors have expressed their astonishment and resentment at an invitation by Israel's embassy’s reception on t

03:00 GMT

The Egyptian artist Najwa Fuad will leave for the US on 18 May 2001 on a visit to the University of Los Angeles. The renowned dancer will deliver many lectures

03:00 GMT

On Sunday, April 21, the market remained firm although on depressed volumes of around 2.9 million shares, reflecting investors’ hesitation to venture into the market before confirmation of an upward t

03:00 GMT

Orascom Telecom –OT (ORTE.CA /ORTEq.L) announced FY2000 results ending December, in which consolidated net income inched down 1.8 percent to LE37.3 million compared to LE38.0 million in FY99.  Meanwhi

03:00 GMT

The Egyptian Ministry of Foreign Commerce and Economy has asserted that the recently undertaken measures implemented to regulate the foreign currency exchange market in Egypt has not affected the infl

03:00 GMT

Egypt's mobile phone operator Orascom Telecom (OT) posted 37.3 million Egyptian pounds ($9.7 million) in net profits for the year 2000, down slightly from the previous year, but expanded dramatically

April 23, 2001

03:00 GMT

US intelligence services have attained information regarding plans devised by terror groups to kidnap American soldiers deployed in the Multinational