NBE meets investors on plan to sell $1.5 bln bonds
National Bank of Egypt, the country’s largest lender, plans to sell its first international bonds and is meeting with fixed-income investors, according to three people familiar with the plan. The…
Egypt to increase supply of goods during Ramadan
State agencies are to increase supply of meat, poultry fish, oils, rice and beans in order to keep prices low during Ramadan, reported Al-Ahram newspaper. Other measures are being taken…
Naeem gets bids for Arabeya Online Brokerage
Naeem Holding, Egypt’s third-largest publicly traded investment bank, rose to the highest level in more than a month after saying it received bids for Arabeya Online, the company’s web-based brokerage…
Foreign investments in oil exploration hit $16.2 bln
The volume of foreign investments in oil and gas exploration in Egypt hit $16.2 billion in the last fiscal year, the petroleum minister said, according to the Global Arab Network.…
Oriental Weavers completes 60 percent of yarn plant construction
Oriental Weavers completed 60 percent of construction works in the new yarn plan, which investment cost amounts to about LE 250 million. Haitham Abdel Menem, investor relations manager…
Foreigners, institutions lift Egypt up
CAIRO: Egypt's main index ended up 1.4 percent, boosted by a decent number of foreign and institutional investors participating after Friday results of a European bank stress test calmed jitters,…
“Liberty” and the talking drum
The rubbery resonant sound of the “talking drum” can sometimes be distinguished over the percussion while Nigerian band Liberty Jazz performs at the River Hall at Sawy Culture Wheel on…
Death toll from German music festival rises to 19
The death toll rose to 19 on Sunday and police said that 342 had been injured in a panicked crush of partygoers in an overcrowded tunnel that served as the…
Court orders ‘Bookseller of Kabul’ author to pay damages
The Norwegian author of "The Bookseller of Kabul" has been ordered to pay damages to the wife of the real-life bookseller on which it was based, the author's lawyer…
OK to uncover face in anti-burqa countries
RIYADH, Saudi Arabia: A popular Saudi cleric said Saturday it is permissible for Muslim women to reveal their faces in countries where the Islamic veil is banned to avoid harassment,…