Arab Contractors competing for US$77 mn Water Plant Projects in Africa
Head of African sector at Arab Contractors (AC) Company Ashraf Rateb revealed that the company is competing with a…
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C. Bank: Egypt Net FDI Rise to US$4.1 billion
The Central Bank of Egypt (CBE ) announced that net inflow of foreign direct investment (FDI) increased to US$4.1…
Egyptian Court Delays Mubarak verdict to November 29th
An Egyptian court has postponed the verdict in the retrial of deposed president Hosni Mubarak on charges of…
Intel Injects $1.5 Billion for Stake in Chinese Chip Maker
Intel forged its second alliance with a major low-cost Chinese chip maker through a $1.5 billion investment. The…
Egypt’s FinMin Says Surplus State Budget May be EGP 85bln
Egyptian Finance Ministry has completed preparing the citizen's budget to explain the state budget law for…
Stocks Plunge: Dow down 265; Apple Sinks 3.8%
The stock market suffered its worst slide in nearly two months Thursday as the blue-chip Dow Jones industrial…
UAE Denounces Erdogan’s Anti-Sisi Speech
The UAE has condemned Turkish President Recep Tayyip Erdogan`s claim that Egyptian President Abdel-Fattah El-Sisi…
Egypt Blasts Turkish Leader Erdogan after U.N. Speech
Egypt has accused Turkish leader Tayyip Erdogan of supporting terrorists and seeking to provoke mayhem in the…
Egypt’s Current Account Deficit Shrinks to $2.4 bln on Foreign Transfers
Egypt's 2013-14 current account deficit shrank dramatically to $2.4 billion in the 2013-14 fiscal year from $6.4…
Egyptian Mortgage Finance Firms Grant EGP398mn till last August
A report issued from Egyptian Financial Supervisory Authority (EFSA) revealed that the volume of mortgage finance…