Egypt to invite bids for 1,000 MW electricity generators
CAIRO: Egypt will invite bids this week to build electricity generators with a total capacity of 1,000 MW, part of an effort to deal with power outages that have been…
Egyptian consumer confidence dips in H1 2010, says report
CAIRO: Consumer confidence in Egypt dropped sharply in the first half of 2010 to reach to 45.5, down from 59.5 in the second half of 2009, according to a report.…
Egypt signs deal to allow farmland access in Sudan
CAIRO: Egypt's government signed a deal to allow Egyptian companies access to farm land in Sudan, the first deal of its kind between the two countries, an agriculture ministry official…
Growing Islamic finance should diversify, regulate: analysts
KUWAIT CITY: Islamic finance, which prohibits charging interest, is set to double in size in five years, but the one-trillion-dollar industry must diversify and regulate to realize its full potential,…
Kuwait’s exports to Egypt $46.2 mln: official
Kuwaiti exports to Egypt stand at $46.2 million annually, most of which are oil derivatives, said the head of the Egyptian trade representation office on Monday. The volume of trade…
SODIC expects income boost: report
Egyptian developer Six of October Development and Investment Co. expects to earn LE 4 billion ($700 million) in the next three years as it completes projects and diversifies, a senior…
Egypt’s balance of trade moves into surplus
Egypt's balance of payments swung into surplus in the year to end-June from a deficit a year earlier, the central bank said on Monday. The surplus for 2009/10 was $3.36…
Egypt’s current account deficit narrows
Egypt's current account deficit narrowed to $4.3 billion in the year to end-June from $4.42 billion year earlier, the central bank said on Monday. Direct investment into Egypt slid to…
ICLD to resume sit-in for unfulfilled gov’t pay promises
CAIRO: Information Centers for Local Development (ICLD) workers are threatening to resume sit-ins after the Eid holiday following the government’s failure to uphold pay promises. ICLD worker Abdel-Meneim Sharaf Eddin…
Egypt buys 57,200 tons of rice from local market
Egypt's General Authority for Supply Commodities (GASC) said on Sunday it had bought 57,200 tons of rice from the local market through a tender. Nomani Nomani, vice chairman of GASC,…