Egypt

January 11, 2001

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

02:00 GMT

Misr Hotels-Hilton (MHOT.CA) will hold its extraordinary and ordinary general assemblies on January 23, to approve the financial statements of its subsidiaries and affiliate companies.  Minister of pu

02:00 GMT

Chipsy for Food Industries (CFIN.CA) and PepsiCo Inc. (NYSE=PEP) have formed a joint venture under the name Chipsy International. The newly formed company includes both CFIN and PEP’s entities in Egyp

January 8, 2001

02:00 GMT

Egypt\'s Culture Minister Faruq Hosni said Monday he ordered three books withdrawn from sale that were deemed indecent, and sacked the official who pu

02:00 GMT

An Egyptian court was due to issue a verdict on Tuesday in the trial of 96 people accused of a bloodbath that claimed the lives of 20 Christians and o

02:00 GMT

The Egyptian public spending included in the draft budget for 2001 has been fixed at 120 billion Egyptian pounds ($30.93 billion)according to Egypt’s Prime Minister Atef Obeid.

02:00 GMT

In 2000, the 2-year old Euro bottomed, losing some 30 percent of its value. 2001 might restore the now forgotten hopes of a European reserve currency. At home, OT’s IPO went through in 2000 while TE d

02:00 GMT

The Holding Company for Financial Investment –Lakah Group (EGHFI06=CA) (fixed, maturity April 2002) distributed coupon #4 of LE55.45/bond covering the period from July 1 to December 31, 2000 starting

02:00 GMT

Last week mutual funds under performed the PAMI, gaining 0.5 percent, whereas the PAMI rose 0.65 percent. Twenty funds were able to end last week on a positive note. SAIB third fund and AMEX first fun