Mobinil to get $346 m loan for expansion
Egyptian telecom operator Mobinil said on Wednesday it was arranging a LE 2 billion ($346 million) medium-term loan to expand its network and finance other general expenses, Reuters reported. The…
July foreign reserves surplus hit $55 mln: CBE
Net foreign reserves increased by $55 million in July 2010 compared to the previous month, the state-run daily Al-Gomhuria reported, despite Egypt paying $678 million in debts. Net foreign direct…
Egypt plans Uganda hydroelectric venture: papers
Egypt said it will set up a joint venture to produce 1,700 megawatts (MW) of hydroelectric power in Uganda, Egyptian newspapers reported on Wednesday. Egypt is in dispute with Uganda…
Suez Canal November revenues down at $413 mln
Revenue from Egypt's Suez Canal dropped 3.4 percent to $412.8 million in November, a state website showed on Wednesday. Revenue in October was $427.3 million. The waterway is a vital…
Egypt Nov inflation dips to lowest in 15 months
CAIRO: Urban consumer price inflation in Egypt fell in the year to November to its lowest in 15 months, giving the central bank room to keep its benchmark interest rates…
Prosecutor extends detention of Al-Jazeera.net correspondent
CAIRO: The Sixth of October City prosecutor extended on Monday the detention of Al-Jazeera.net correspondent Badr Mohamed Badr for 15 more days pending investigation, Badr’s wife Azza Al-Garf told Daily…
Below-average film selection only has a few surprises to offer
Midway through this year’s edition of the infamous Cairo International Film Festival (CIFF), I came to one stark realization: I’ve never watched so many mediocre films in one festival before.…
Egypt calls for ‘end game’ in Mideast peace talks
SOFIA: Egyptian Foreign Minister Ahmed Aboul Gheit urged the international community on Wednesday to call an 'end game' in Middle East peace talks and set clear deadlines for reaching Israeli-Palestinian…
Ahly youth beat Zamalek
CAIRO: Ahly’s U-20s grabbed a morale-boosting 1-0 victory over bitter rivals Zamalek in crowd-less youth league match on Tuesday. Striker Abdul-Rahman Ahmed scored the only goal of the game after…
Al-Badri wants Al-Hadari at Merreikh
CAIRO: Essam Al-Hadari claims that newly-hired Merreikh manager Hossam Al-Badri is keen to sign him from Zamalek, who are more than willing to listen to the offer from Sudan. Despite…
