Egypt’s Moussa campaigns for president, vows change
AL-SHURAFA: To the crack of AK-47 assault rifles fired by supporters into the night sky, Amr Moussa pledged to build a "new system" of government if elected president to succeed…
Suez Canal July $449.2 mln, information portal
CAIRO: Revenue from Egypt's Suez Canal rose 11 percent year on year to $449.2 million in July, up 0.9 percent from a month earlier, a government portal showed on Wednesday.…
Egypt gives SODIC 6 months to finish project: report
CAIRO: Egypt's new towns authority has given SODIC, the country's third-biggest listed developer, a six-month grace period to finish part of its flagship Beverly Hills project, a newspaper reported on…
TMG H1 profit falls 44 pct in political turmoil
CAIRO: Talaat Moustafa Group (TMG), Egypt's biggest listed developer, posted a 44 percent slide in first-half net profit to LE 371.2 million ($62.3 million), the bourse said on Wednesday. The…
Egypt up; rebounds from global panic effect
CAIRO: Egypt's benchmark share index jumped 3 percent after three days of sharp declines that took shares to their lowest since April 2009. Share trading was halted on the Egyptian…
Egypt’s urban inflation eases to lowest since December
CAIRO: Annual urban inflation in Egypt eased to 10.4 percent in July, its lowest in seven months, on the back of a slowdown in food prices which contributed to the…
Suez Steel opens new plant to meet local demand
SUEZ: Egypt’s Prime Minister Essam Sharaf toured and inaugurated Tuesday a new rolling factory for the Suez Steel Co., an investment of LE 300 million ($50 million). The project, which…
AfDB ready to invest $1.4 billion in Egypt
CAIRO: The African Development Bank (AfDB) is ready to commit around $1.4 billion to Egypt over the next 18 months, in addition to its ongoing portfolio, the bank’s president said.…
Egypt FM: Syria heading to ‘point of no return’
CAIRO: Syria is heading to a "point of no return" and national reforms must be implemented to avoid foreign interference, Egypt's foreign minister said on Tuesday after almost five months…
Egypt FM: Syria heading to ‘point of no return’
CAIRO: Syria is heading to a "point of no return" and national reforms must be implemented to avoid foreign interference, Egypt's foreign minister said on Tuesday after almost five months…