Dubai launches $3.27 bln solar energy project
DUBAI: The emirate of Dubai on Monday unveiled plans to build a 12 billion dirham ($3.27 billion) solar energy park, with potential capacity of 1,000 megawatts (MW) as part of…
Khartoum bourse launches electronic trade
KHARTOUM: The Khartoum stock exchange on Sunday launched a long-awaited computer trading system that will bring to an end an era of scribbling stock prices on white boards and also…
US trade officials urge Egypt to utilize GSP program
ALEXANDRIA: US trade officials were in Egypt’s port city of Alexandria on Sunday to discuss expanding the country’s exports through the Generalized System of Preferences (GSP) program. Designed to encourage…
Sawiris faces trial for ‘insulting religion’
CAIRO: Telecom tycoon and political liberal Naguib Sawiris will face trial on a charge of showing contempt for religion, judicial sources and Mamdouh Ismail, the Islamist lawyer who brought the…
Lawyers call for charging Mubarak with high treason, Suleiman, Tantawi with perjury
CAIRO: Ten lawyers representing the civil society complainants at the trial of Hosni Mubarak demanded adding high treason to the charges, accusing the ousted president of premeditated murder, incitement, complicity…
Ezz Dekheila 9-month net profit steady
CAIRO: Egypt's Ezz Dekheila, a unit of Ezz Steel, on Monday reported a 0.5 percent rise in net profit to LE 562 million ($92.8 million) for the first nine months…
OCI, BESIX Group to begin work on third phase of Grand Egyptian Museum
CAIRO: A joint venture between Egypt’s Orascom Construction Industries (OCI) and the Belgian BESIX Group was awarded the contract for phase three of the Grand Egyptian Museum (GEM), a deal…
Citadel Capital fund to sell stake in NPC Egypt
CAIRO: A Citadel Capital fund will sell its interest in National Petroleum Company Egypt (NPC Egypt) to Calgary-based Sea Dragon Energy in a deal worth $147.5 million. Private equity firm…
Islamists seen winning near two-thirds of seats following final round results
CAIRO: The Muslim Brotherhood said on Saturday it had won at least 41 percent of the seats in Egypt's lower house of parliament, with Islamists of various stripes occupying almost…
MENA says judge to summon activists in Cabinet clashes probe, activists deny
CAIRO: Egypt’s official Middle East News Agency reported Sunday that an investigations judge summoned a number of prominent politicians and activists for questioning related to their involvement in funding protesters…