Egypt FDI likely at $8 bln 2010/11: minister
CAIRO: Foreign direct investment (FDI) in Egypt is likely to rise to at least $8 billion in 2010/11, Investment Minister Mahmoud Mohieldin said on Monday, adding that investors should not…
Ramzy suspended for TV appearance
CAIRO: The Egyptian FA announced that Olympic team manager Hani Ramzy will be suspended for appearing on a TV show with Nile Sport. The former Egypt defender was hosted by…
Egypt government sees no repeat of TMG dispute
CAIRO: Egypt's government will protect investors exposed to a dispute over a sale of state land to Talaat Moustafa Group (TMG) and ensure similar cases do not occur in future,…
Rebar demand to reach 10.5 mln tons in 2017
Egypt's Ministry of Trade and Industry estimates that annual demand for rebar in Egypt will reach 10.5 million tons by 2017, reported Arab Steel. Egypt's current annual rebar production capacity…
Statoil sends Mexico Gulf rig to drill off Egypt
Norway's oil and gas producer Statoil has sent a Transocean rig it had contracted for drilling in the US Gulf of Mexico to Egypt. Deep-water drilling in the Mexico Gulf…
Egypt extends rice export ban until Oct. 2011
Egypt will extend a ban on rice exports until October 2011, a board member at the Egyptian Agricultural Export Council said on Tuesday. Egypt had first imposed an export ban…
Egypt delays meeting on TMG land case: Cabinet
Egypt's cabinet has delayed until early next week a meeting planned for Wednesday that had been expected to offer a legal solution to Talaat Moustafa Group's (TMG) land row, the…
Geddo set to miss Esperance clash
CAIRO: Ahly striker Geddo will be sidelined for at least two weeks and is set to miss next month's Champions League semi-final with Esperance due to a knee injury. The…
Serme upsets world number two Duncalf
SHARM EL SHEIKH: Camille Serme, the finest woman squash player yet to emerge from France, will face off against Omneya Abdel Kawy, the fourth seeded Egyptian with the brilliant front…
Saudi Arabia: Prospects for mining
The potential of non-oil underground resources, such as aluminum ore and other minerals, is boosting interest in the Kingdom's mining sector. Saudi Arabia is on the verge of a non-hydrocarbons…