First draft of e-government index finalized
The Egyptian Minister of Administrative Development Ahmed Darwish reviewed on Monday the first draft of an index measuring the quality of e-government services. Darwish said he assigned Alexandria Businessman Association…
Dana Petroleum announces onshore discovery in Egypt
Middle East explorer Dana Petroleum announced a new discovery onshore at its North Zeit Bay production area in Egypt, the company said in a statement. Early tests of…
Egyptian drugs firm aims to repay debt, up output
Egypt's Advanced Pharmaceutical Packaging, whose shares began trading on Sunday, said it would repay debts of LE 25 million ($4.5 million) over four years and will boost output. Advanced Pharmaceutical…
Egypt to seek tenders for Gulf of Suez wind farm
Egypt will launch within days a tender competition to choose firms to build a 1,000 mega-watt wind farm in the Gulf of Suez, its electricity minister said. The…
Telecoms weigh on Egypt index, volumes low
CAIRO: Telecoms firms weighed on Egypt's main index, which edged down 0.6 percent after selling pressure late in the session. Traders said volumes are higher than during Sunday's session, but…
Contact to sell $83 mln in securitized notes
CAIRO: Egyptian car purchase financer Contact on July 7 is selling LE 470 million ($83 million) in bonds securitizing expected car payments, the chief underwriter said on Monday. The bond,…
Stevie Wonder cheers up Glastonbury after football failure
Motown legend Stevie Wonder made sure Glastonbury's 40th anniversary came to a joyful end on Sunday despite England's disheartening World Cup football defeat. The American soul pioneer treated the audience…
Comeback night at BET Awards
It was comeback night at the BET Awards. Kanye West opened Sunday's show in his first TV appearance since dissing Taylor Swift at last year's MTV Video Music Awards. T.I.…
Documentary probes chronic failures of US public schools
Record dropout rates, demoralized teachers, parents forced to enter a drawing to get their kids enrolled: Davis Guggenheim's portrait of US public schools is a sobering one. "Schools are not…
Dubai's Arabtec eyes contracts in new mkts, says CEO
DUBAI: Dubai construction heavyweight Arabtec is focusing on winning projects in new markets following the downturn in Dubai and does not require any additional funding, its chief executive said on…