Shoura Council elections start Tuesday
CAIRO: Polling stations will open Tuesday morning for citizens to cast their votes in the first round of the Shoura Council’s mid-term elections. Some 446 candidates are vying…
Israeli attack on aid flotilla leaves 19 dead to wide condemnation
CAIRO: Israeli army forces raided and attacked a fleet of ships carrying aid to Gaza early Monday killing at least 19 people. The Freedom Flotilla, as it was known, was…
SODIC plans Delta development, says market not saturated
CAIRO: Upper-income housing is not yet saturated and middle-income housing is on the rise, said Maher Maksoud, CEO of real estate developer SODIC. Speaking at a conference Monday, Maksoud said…
Declining demand will push steel prices down
CAIRO: Steel prices will decline in June for local producers including Egypt’s largest, Ezz Steel, according to analysts. Local producers will drop prices by LE 300, while Ezz Steel will…
Arafa eyes doubling profit on steady sales
CAIRO: Arafa Holding, Egypt's biggest garment exporter, hopes to keep sales in 2010/2011 at last year's levels of $332 million while doubling profits to $20 million on improved margins in…
Ezz Steel says no notice yet on Algeria deal
Ezz Steel has not received any formal notification from the Algerian authorities regarding its $750 million Algeria project, it said in a statement to Egypt's stock exchange on Sunday. Algerian…
Etisalat says not in talks to buy Djezzy
Emirates Telecommunications Corp (Etisalat) has not bid for the Algerian unit of Orascom Telecom, a spokesman for the UAE telecoms provider said on Sunday. "We did not discuss with Orascom…
Government to start liberalization of butane gas
The Ministry of Social Solidarity will commence distribution of butane gas canisters through the ration card system in the governorate of Menufiya in fiscal year 2010/11, Al-Shorouk reported. According to…
OT says would prefer to stay in Algeria
Orascom Telecom would prefer to stay in Algeria, but has been obliged to enter talks to sell its unit Djezzy to the government, Executive Chairman Naguib Sawiris said on Monday.…
UNICEF, IDSC launch crisis management strategy
CAIRO: Under the motto “Prevention is better than the cure,” UNICEF and the Cabinet’s Information and Decision Support Center (IDSC) jointly launched the National Communication Strategy for Raising Societal Awareness…