Standard told to up bid for Shikabala
CAIRO: Zamalek have turned down an initial €2.5 million offer from Belgian side Standard Liege to sign forward Shikabala, the club's chairman Galal Ibrahim said on Wednesday. A Standard delegation…
RenCap to expand in Egypt in 2011
Renaissance Capital plans to expand next year into Egypt and at least three other African countries, The Moscow Times reported Thursday. The firm, which is half-owned by billionaire Mikhail Prokhorov,…
SODIC to start two residential projects in Syria
Egyptian developer Six of October Development and Investment Co. (SODIC) may start two housing projects in Syria by the end of this year, a senior executive told Bloomberg. “There is…
Egypt end-Sept foreign reserves steady at $35.5 bln
Egypt's net foreign reserves stood at $35.53 billion at the end of September, little changed from a month earlier, the Central Bank of Egypt said on its website on Thursday.…
Government ups budget by LE 3-3.5 bln
Egypt’s government has approved an additional LE 3-3.5 billion in the budget to cover the country’s food bill, Solidarity Minister Aly Moselhi stated. In its daily market report, Beltone Financial…
Egyptian fast food firm Mo’men sees IPO in 2012
Egypt's fast food group Mo'men plans to sell 40 percent of its shares in an initial public offering (IPO) in late 2012, its chairman said, a rare potential offering on…
Seminar discusses Egypt’s changing role in the region amid globalization
CAIRO: The changing political and economic dynamics in the world have affected Egypt’s leadership position and influence on international affairs, Middle East analyst and researcher Sophie Pommier said. On Tuesday,…
Algeria signs 6 Russia deals during Medvedev visit; Orascom’s Djezzy on the agenda
ALGIERS, Algeria: Algeria and Russia signed six deals Wednesday in sectors including energy and transportation during a visit by Russian President Dmitry Medvedev. The Russian leader, accompanied by a delegation…
Russia to refund Iran over missile deal, says arms export chief
NICOSIA: Russia is reimbursing Iran for its down payments on a deal for advanced S-300 ground-to-air missiles which Moscow halted in the face of tough new UN sanctions, Russian Technologies…
Israel backs loyalty oath to ‘Jewish and democratic state’
JERUSALEM: Plans to introduce an oath of loyalty to Israel as a "Jewish and democratic state" for anyone wanting to become a citizen were welcomed by rightwing ministers on Thursday.…
