Reda Edward’s purchase of Al-Dostor illegal, says syndicate board member
CAIRO: Businessman Reda Edward’s purchase of daily independent Al-Dostor newspaper is illegal, Journalists’ Syndicate board member Gamal Fahmy told Daily News Egypt on Thursday. “The law regulating companies that publish…
Egyptian, Chinese companies sign 22 agreements worth $250 million
CAIRO: A total of 22 agreements were signed between companies from Egypt and Guangdong, China, with total investments of over $250 million, during a business forum this week. The Egypt-China…
IATA says aviation industry both fragile and vital
CAIRO: The status of the global aviation industry is “both very important and very fragile,” the head of the International Air Transport Association said Wednesday in Cairo. Giovanni Bisignani, director…
Egypt ranked 127 on Press Freedom Index
CAIRO: Reporters without Borders ranked Egypt at 127 on its annual Press Freedom Index, moving it 16 spots from its 143 ranking last year. The Press Freedom Index is an…
Citadel to consolidate after fast growth
CAIRO: Egyptian private equity firm Citadel Capital has begun consolidating its businesses after spurts of rapid growth, yet still plans an initial public offering (IPO) of one of its companies,…
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…
