January 11, 2001
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.
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.
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
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
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
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.
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
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
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
Egypt\'s Culture Minister Faruq Hosni said Monday he ordered three books withdrawn from sale that were deemed indecent, and sacked the official who pu
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
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.
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
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
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