MDGs can be reached faster with focus on most disadvantaged children, says study
CAIRO: The global community can save millions of lives by investing in the most disadvantaged children and communities, studies by the United Nations Children’s Fund (UNICEF) said. The studies added…
Garbage collection costs LE 300 million annually, says governor
CAIRO: It costs Cairo governorate approximately LE 300 million annually to collect garbage off the streets, said Cairo Governor Abdel Azim Wazir, who suggested that the police be involved in…
Turkish referendum boost PM’s hand in 2011 elections
ANKARA: Turkish Prime Minister Recep Tayyip Erdogan Monday celebrated a spectacular victory in a referendum on constitutional changes that analysts said strengthened his Islamist-rooted party's chances of winning a third…
E-payment of custom fees totals LE 2 bln in 10 months
The electronic payment of custom fees over the past 10 months totaled LE 2 billion, Egypt's finance minister said Monday. The eastern area, that includes outlets of Port Said, Ismailia,…
Circle Oil seeks hydrocarbon licenses
Circle Oil Plc, an oil and gas exploration, development and production company, said in a note that its strategy is to locate and secure additional licenses in prospective hydrocarbon provinces…
HDB acquires 51 pct of securities company
The Housing and Development Bank (HDB), an Egyptian lender, has acquired 51 percent of Egyptian Emirati Brokerage. The brokerage is valued at LE 9.5 million, the Cairo-based bank said in…
Centamin cuts 2010 output target by 15-20 pct
Miner Centamin Egypt said it cut its gold output guidance for 2010 by 15-20 percent due to a number of production problems at its Sukari operation, pulling its shares down…
Arab Cotton Ginning 2009/10 profit jumps
Egyptian textiles company Arab Cotton Ginning posted net profit of LE 205 million ($36 million) for the fiscal year to the end of June, the stock exchange said on Monday.…
Vimpelcom mulls issuing pref shares for Sawiris deal
Vimpelcom may issue new preferred shares to public investors as well as to Naguib Sawiris' Weather to gain support for its possible acquisition of the Egyptian tycoon's assets, two sources…
Egypt FDI slips 16 pct as oil investment dips
Foreign direct investment in Egypt fell 16 percent for the fiscal year 2009/10, pulled lower by slowing inflows to the oil and gas sector, the Investment Ministry said on Monday.…