Citigroup upgrades Egypt rating to Neutral
Egypt was lifted, in a recent report, to neutral at Citigroup Inc. Emerging-market stocks will rally 20 percent to 25 percent by the end of this year as the world…
Alcotexa sells 992 T cotton in past week
Egypt's Alexandria Cotton Exporters' Association (Alcotexa) committed to sell 992 tons of cotton in the week that ended on July 10, an Alcotexa official told Reuters on Sunday. …
Egypt names deputy regulator to head stock exchange
Prime Minister Ahmed Nazif appointed Khaled Seyam as chairman of the Egyptian Exchange, the Investment Ministry said. Seyam, who will replace Maged Shawky, will take up the post…
Egypt plans 100 MW solar power plant by 2017
Egypt plans to build a 100 MW solar power plant between 2012 and 2017, after its first solar plant starts this year, the Electricity Ministry said on Friday. …
Small caps lead gains; Orascom Telecom rises
CAIRO: Egypt's main index rose but is outperformed by the secondary index, which climbed on positive sentiment over Saturday's appointment of a new bourse chief, traders said. The…
National Instruments expands operations with Egypt office
CAIRO: Little known US-based National Instruments (NI) will expand its Egypt operations by opening an office in Cairo by the end of the year, officials said at a conference last…
Zaki on target in Zamalek’s final warm-up
CAIRO: Amr Zaki scored his fifth goal in four games as Zamalek played out a 2-2 draw with Swiss side Winterthur in their final game of the pre-season Euro tour.…
Al-Hadari suffers head injury in training
CAIRO: Zamalek new recruit Essam Al-Hadari required ten stitches to treat a head injury sustained in the team's pre-season camp in Switzerland, the Cairo club said. Al-Hadari was forced out…
No Egyptian team can afford my wages: Zidan
CAIRO: Borussia Dortmund forward Mohamed Zidan implied that playing in the Egyptian league would be difficult for him as no club can afford his wages. Zidan, who is currently in…
Inflation stable for June but may increase in July
CAIRO: Egypt’s annual headline inflation reached 10.2 percent in June led by a 16.9 percent increase in food and beverage prices, according to statistics released Saturday by the Central…