Egypt's wind energy gets a World Bank, Clean Tech boost
CAIRO: The World Bank and the Clean Technology Fund announced that Egypt will receive $220 million loan for a transmission line project to bring energy produced by wind farms in…
Egypt increases trade with US as pound weakens against dollar
CAIRO: the volume of trade exchange between Egypt and the United States during the first quarter of 2010 increased by 22.2 percent to hit $2.24 billion compared to $1.832 billion…
ING Investment sees growth in Saudi Arabia, Egypt
FRANKFURT: Egypt and Saudi Arabia are two of the countries with the highest growth potential in the Middle East and North African (MENA) region, according to global fund manager ING…
Ancient Egyptian city located in Nile Delta
CAIRO: Austrian archaeologists have located an underground Egyptian city which they believe to be Avaris, the capital used by the Hyksos who ruled 3,600 years ago, the culture ministry said…
Oil spill threatens Red Sea marine life off Hurghada
CAIRO: An oil spill off the Egyptian Red Sea coast of Hurghada threatening to damage marine life in the area has prompted environmental agencies to demand tighter regulation of offshore…
US envoy Mitchell ends tour with visit to Mubarak
CAIRO: US special envoy George Mitchell on Saturday met Egyptian President Hosni Mubarak as he wrapped up a regional tour aimed at advancing Middle East peace efforts. Mitchell, a go-between…
Man convicted of stabbing Marwa Al-Sherbini in prison
BERLIN: Germany's highest court has ruled that a Russian-born German man has no grounds for appealing his murder conviction for fatally stabbing a pregnant Egyptian woman in a courtroom. Germany's…
Egypt index ends up, OCI leads
CAIRO: Egyptian shares climbed in the third straight session, helping the country's main index gain 1.6 percent on the back of positive domestic sentiment as global markets stabilized. Global markets…
Telecom Egypt approves LE 0.55 dividend
CAIRO: Telecom Egypt has approved a LE 0.55 ($0.10) interim dividend for 2009, after earlier distributing LE 0.75 pounds, a company source said on Sunday. Although it was distributed in…
Egypt's Alcotexa sells 150 T cotton in past week
CAIRO: Egypt's Alexandria Cotton Exporters' Association (Alcotexa) committed to sell 150 tons of cotton in the week that ended on June 19, an Alcotexa official told Reuters on Sunday. The…