Italian ship capsizes in Alexandria port
ALEXANDRIA: Egypt's state news agency says an Italian cargo ship loaded with toxic chemicals capsized in the port of Alexandria after incurring storm damage. The Jolly Amaranto broke down off…
Egypt seeks billions in public-private partnerships
CAIRO: Egypt plans to offer billions of dollars worth of transport, energy and other projects in partnership with private firms over the next five years after rules to ease such…
Egypt to combat mislabeling of organic products
CAIRO: Egypt will begin tightening the regulation and monitoring of the organic food industry, namely in regards to the accurate labeling and specification of products, an official said Monday. Trade…
Howard Davies on financial markets at EIFS inauguration
CAIRO: In the economic rollercoaster that the world has been put through in the past few years, watching fiscal deficits and having a handle on funding strategies is good advice.…
Egypt’s construction boom to buoy steel production
CAIRO: A boom in construction and infrastructure spending will help drive an estimated 36 percent increase in Egypt's production of reinforcing steel by 2017, an Egyptian steel official said on…
Nazif says $10 bln UAE investments volume in Egypt
Prime Minister Ahmed Nazif said that the volume of UAE investments in Egypt has reached $10 billion, reported the State Information Service. Nazif met with UAE Economy Minister Sultan bin…
Telecom growth slows as market gets saturated: HC
Growth in Egypt’s telecommunications industry may be limited next year and beyond as mobile phone revenue per user declines and the number of new subscribers retreats, HC Brokerage said in…
TransGlobe says to exceed targeted exit rate for 2010
TransGlobe Energy Corp said it would exceed the targeted exit rate of 11,000 barrels of oil per day (bopd), driven by higher production in Egypt and Yemen in the quarter.…
Kuwait Energy sells 20 pct of Burg El-Arab concession
Kuwait Energy Company sold its 20 percent participation interest from its contractor's share in Egypt’s Burg El-Arab concession to Calgary-based oil and gas company East West Petroleum Corporation, the firm…
Investors bullish on Egypt pound in 2011: note
The Egyptian pound will probably turn positive in early 2011 as political uncertainty over the country's parliamentary elections becomes less of a concern to international investors, Emerging Markets Briefing said…
