Security continues to arrest Salafis in connection with Alex church attack
By Essam Fadl ALEXANDRIA: Security forces arrested four people associated with Salafi group in connection with the New Year’s bomb attack outside Al-Qeddesine (The Church of the Two Saints) that…
Egypt to up food subsidies as stock market, pound drop
CAIRO: As prices continue to rise globally, Egypt said Sunday that it may spend an additional LE 4.5 billion to LE 7 billion on food subsidies during the current fiscal…
Egypt to issue nuclear plants tender by end Jan
ABU DHABI: Egypt will issue a tender for its nuclear power plants in about two weeks time and bidding companies will be given six months to present their offers, its…
EFG Hermes Foundation completes Ro’ya project
EFG Hermes Foundation completed Ro’ya 2008, an integrated development project providing housing, running water, sanitary facilities, electricity and services to the 7,000 residents of the village of Ezbet Yacoub in…
NUCA to invest LE 57 bln in five years
The New Urban Communities Authority’s five-year plan (2012–2017) has been formulated and will be presented to the authority’s board of directors next week, reported local press. According to the plan,…
Naeem sees TE acquiring MVNO license: Bloomberg
Telecom Egypt is closer to acquiring a license that would allow the North African country’s monopoly fixed-line operator to provide mobile-phone services using an existing operator’s network, Bloomberg cited Naeem…
Ain Shams students prevented from sitting mid-year exams for distributing flyers
By Heba Fahmy CAIRO: Two Ain Shams University law students were prevented from taking their second mid-year exam on Sunday — despite having obtained a court order permitting them to…
Arabtec wins two contracts worth $97 mln
Dubai builder Arabtec said on Monday that it won contracts worth 356 million dirhams ($96.92 million) to build an underground car park in Abu Dhabi and residential villas in Egypt.…
OT looking to satisfy Vimpelcom shareholders: TV
Orascom Telecom's chief executive said on Monday it was looking to reach a solution that would satisfy Vimpelcom's major shareholders over the Russian operator's bid for assets of Orascom's parent…
Egypt ‘not free,’ says US report
By Farah Yousry CAIRO: The results of a recent US report that indicated that Egypt is “not free” came as no surprise to political pundits, who criticized the country’s lack…