NBE mulls PPP for Rod El-Farag Corridor
Officials from the Ministry of Finance Public Private Partnership (PPP) Unit and the National Bank of Egypt are meeting this week to arrange LE 4.5 billion financing needed for the…
Petroleum ministry to up natural gas supply
Egypt’s Ministry of Petroleum said it plan to increase the supply of natural gas to homes, Al-Ahram reported, in order to reach an additional 750,000 consumers by the end of…
OHC brings affordable housing to Qena
Orascom Housing Communities (OHC) are embarking on a new low-income housing project, Qena Gardens, in Upper Egypt, the developer said in a statement. Located 5 km from Qena’s city center,…
Pioneers eyes GDRs, regional expansion
Egyptian financial services company Pioneers Holding is looking into issuing global depositary receipts (GDRs) and expanding into new Middle Eastern markets, a board member said on Wednesday. "We are studying…
Algeria says tax claim on Orascom Tel is not final
A $230 million back-tax claim which Algeria imposed on Orascom Telecom's Djezzy unit was not final, Algerian finance minister Karim Djoudi said on Thursday. "Djezzy has been notified of the…
Slain US activist’s parents face Israeli killer
HAIFA: The parents of an American protester crushed to death by an Israeli military bulldozer in the Gaza Strip got their first chance Thursday to hear from the man who…
China calls Darfur bullet allegations ‘groundless’
BEIJING: China on Thursday rejected a UN report that says Chinese bullets were used in attacks on peacekeepers in Sudan's troubled Darfur region, calling the charge "groundless". "It is inappropriate…
Bahrain goes to polls in key test of reform
MANAMA: Bahrain goes to the polls on Saturday for a parliamentary election that will be a key test of the willingness of the pro-Western Gulf state's Sunni royal family to…
Ahmadinejad tells Saudi king he wants united Lebanon
TEHRAN: Iranian President Mahmoud Ahmadinejad told Saudi King Abdullah in a telephone call that the aim of his controversial visit to Lebanon last week was to promote its unity, his…
Israel starts 600 new settler homes since freeze end
JERUSALEM: Israeli settlers have started building at least 600 homes since the end of a building ban on September 26, a pace four times faster than before the freeze began…
