Egypt

February 13, 2001

02:00 GMT

The Egyptian singer Ali Al Hajjar has decided to sing for the first time in his long singing career in the Gulf accent. He will sing two songs, the first composed by Abdulla Al Ruwaished

02:00 GMT

The Internet and e-mail provider Africa Online has bought the Egyptian ISP MenaNet Communications SAE for $8.7 million, firms involved in the deal said Monday, February 12.

02:00 GMT

Cairo Housing & Development (ELKA.CA) held its extraordinary general assembly yesterday, February 11, which approved the merger of New Cairo Housing & Development into ELKA. Following the merg

02:00 GMT

On Sunday, February 11, the market continued to drift lower in spite of hyper-inflated volumes.

February 12, 2001

02:00 GMT

A field study carried out by a number of Pharmaceutical companies and senior pharmacists in Egypt has revealed that 7.5 billion Egyptian pounds ($1.9b

02:00 GMT

The health of the renowned Egyptian film director Yousef Shahin has stabilized. Shahin left Cairo for Paris last week seeking treatment after he had a heart attack while celebrating his 75th birthday

02:00 GMT

Royal Dutch Shell is about to complete its second well in the Northeastern Mediterranean (NEMED) offshore deepwater block, MEES understands.

02:00 GMT

According to Al -Alam Al-Youm newspaper, the Algerian government plans to offer GSM cellular network licenses in May 2001. It is worth noting that Orascom Telecom –OT (ORTE.CA) announced previously th

02:00 GMT

On Thursday, February 8, the market stabilized with a slight downward bias. In the tourism sector, Orascom Hotel Holdings – OHH (ORHC.CA) continued its upward trend, rising nearly 4.74 percent to LE7.

02:00 GMT

Mutual funds ended last week, February 8, outperforming the PAMI, inching down 0.7 percent while the PAMI fell 2.69 percent to 7,737.7. Eighteen funds ended the week in the red, while 3 only made week

February 11, 2001

02:00 GMT

Egypt's Prime Minister Atef Ebeid said that President Hosni Mubarak’s upcoming visit to Italy next week aims at fostering joint cooperation in the fie

02:00 GMT

Egypt will be represented at Cannes film festival, which will be held next May, by the film “Sadat Days.”

02:00 GMT

Orascom Hotel Holdings -OHH (ORHC.CA) held its extraordinary general assembly on February 6, which approved a capital increase of a maximum of LE700 million. OHH will use the proceeds to acquire Orasc

02:00 GMT

The Central Bank of Egypt announced the acceptable bids for its 182-day T-Bill auction, from which 49 out of 60 bids were accepted with a total face value of LE508.175 million. The annual interest rat

February 10, 2001

02:00 GMT

In October 2000, Egyptian singing star Hakim released the long-awaited Yaho in the United States on Mondo Melodia Records. Already a massive success in the Middle East, the album sold over 1 million c