Tenders for wind generation projects by year-end
An international tender for a number of wind-generated electricity plants with a capacity of 1,000 MW will be offered before the end of the year to local and foreign investors,…
Egypt backs subsidy increase, budget impact neutral
Egypt will spend an additional LE 32 billion ($5.65 billion) on subsidies in 2010/11, but the increase will not affect the overall budget deficit, the finance minister said on Wednesday.…
Apache to drill 11 more test wells in Egypt
Apache Corp said on Wednesday that following its second discovery this year in Egypt's Matruh Basin, it plans to drill 11 more exploration wells in the western desert region. The…
OT tells Algeria it will enter Djezzy talks
Egyptian mobile firm Orascom Telecom said on Thursday it would enter negotiations to sell its Algerian unit Djezzy to the Algerian government. Algeria's trade minister had said on Wednesday it…
Brand Islam
The world is still trying to size up the validity and effectiveness of the European Union $1 billion support package for Greece and future emergencies on the continent. Even though,…
Sewedy Cables sees Q2 net profit up, eyes Europe
CAIRO: Egyptian group El Sewedy Cables expects second-quarter net profit to grow 32 percent year-on-year, mainly boosted by sales to European markets, its chief executive said on Wednesday. "We expect…
OCI Q1 net profit rises 10.4 pct
CAIRO: Orascom Construction Industries (OCI), Egypt's biggest listed firm, said on Thursday that first-quarter profit rose 10.4 percent after margins on fertilizer sales improved and construction costs were kept down.…
Egypt's mobile subscribers rise in March
CAIRO: The number of mobile phone subscribers rose by 1.2 million in March, bringing the total to 57.7 million out of a population of nearly 80 million, according to Egypt’s…
Petrojet reach Cup quarters to ease woes
CAIRO: Petrojet eased their woes by reaching the Egyptian Cup quarter finals after beating second-division side Canal Mooring & Lights 2-0 on Wednesday. Ghanaian attacking midfielder Cofie Bekoe opened the…
Abdul-Fadil reveals free-kick training
CAIRO: Ahly defender Sherif Abdul-Fadil revealed that he has intensively trained to be adept at cannoning long-range free kicks. The Red Devils were down by one goal in Wednesday's Cairo…