Chairman of the Chamber of Goods and Antiquities: $1.5bn loss in activity during 2013
The Ministry of Antiquities halted the completion of an exhaustive restoration of archaeological sanctuaries due to a lack of financing and a proliferation of street vendors over the past three…
Telecom Egypt agrees to pay EGP 2.5bn for mobile licence
Reuters - Fixed line monopoly operator Telecom Egypt’s board of directors agreed to pay EGP 2.5bn ($356.76m) for a mobile licence, the firm said in a statement on Monday. The…
Deadly battles rage on fringe of east Ukraine town
One Ukrainian military commander said the shooting involved automatic small arms and heavy weaponry, believed to be from armoured vehicles the rebels captured last month as well as other big-calibre…
Palm Hills in talks over $342.m loan
Reuters - Egypt's Palm Hills said it is in talks with the Arab African Bank over a EGP 2.4bn ($342.49 million) loan which it will use to finance projects and…
Petroleum ministry prepares bourse listing of new petrochemicals companies
By Muhammad Adel After amending the listing rules of companies in the Egyptian stock exchange, the Ministry of Petroleum is preparing an initial public offering (IPO) of new petrochemicals companies,…
Ministry of Petroleum requests $4bn to import fuel for power plants
12 shipments of liquefied gas represent only 3% of one day summer’s consumption
Pakistan’s Sharif set to visit Iran amid strained ties
Relations between the neighbours hit a low following the kidnapping by Pakistani Sunni extremists of five Iranian border guards from Iran’s Sistan-Baluchestan province in February.
Egypt seeking alternative sources for police armament
Minister of Interior calls on citizens to report anything they judge as “suspicious”
South Sudan army battles rebels for key oil town
Bentiu fell into rebel hands last month, and opposition forces were accused by the United Nations of massacring hundreds of civilians.