Six Egyptian companies to bid for steel licenses
Six Egyptian companies are studying to bid for the new steel licenses offered by the Industrial Development Authority: Ezz Steel, Sixth of October for Light Industries, Al Marakbi, IIC for…
Eastern July-Sept profit down 52 pct yr/yr
Unaudited net profit at Egyptian cigarette monopoly Eastern Company fell 52 percent to LE 73 million for the quarter to the end of September, the bourse said on Sunday. Eastern…
Egypt’s Mobinil mulls $347 mln loan: newspaper
Mobinil, which leads the Egyptian mobile market by subscriber numbers, is considering borrowing as much as LE 2 billion ($347 million) to finance expansion of its network and services, a…
Egypt eyes 7-8 pct GDP growth by 2016/17: minister
Egypt aims to get its economy growing at levels seen before the global financial crisis by the fiscal year 2016/17 and expects the private sector to play a major role…
Egypt says subsidy spending secure, to target needy
The finance minister sought on Friday to reassure Egyptians faced with soaring food prices that the government was not trying to cut subsidy spending although he said Egypt did want…
OPEC @ 50
VIENNA: Autumn 1960 in Baghdad, five heads of state sign on the dotted line to alter the course of energy for decades to come. Today, the 12 members of OPEC…
AVEX director says financing needed to spur regional aviation growth
The small and medium-sized aviation industry in Africa is unable to tap into the continent’s expanding income levels due to a lack of financing, said Nicholas Watson, director of the…
American Al-Qaeda spokesman urges attacks in US
CAIRO: A US-born spokesman for Al-Qaeda on Saturday urged Muslims living in the United States and Europe to carry out attacks there, calling it a duty and an obligation. In…
Vatican meeting demands Israel end occupation
VATICAN CITY: Bishops from the Middle East who were summoned to Rome by the pope demanded Saturday that Israel accept UN resolutions calling for an end to its "occupation" of…
April 6 Movement may hold parallel PA elections
CAIRO: The April 6 Youth Movement called for holding independent elections parallel to the upcoming parliamentary elections in November, should the government fail to guarantee the latter’s integrity. According to…