Orascom Hotels & Development Extends Losses to EGP164 mln – H1
Orascom Hotels & Development (ORHD.CA) reported its consolidated financial results on Sunday incurring a net…
Saudi-Egyptian Electricity Tie-up Project to Provide US$5 bln – Official
The technical committee of the Saudi-Egyptian electricity tie-up will be convening its meeting in Cairo on days of…
BP Unveils New Gas Discovery in Egypt’s North Damietta
BP Egypt announced on Saturday a significant gas discovery in Salamat well which is the first well in the North…
NBE Eyes to Open 21 New Branches By End Of FY/13
Hazem Hegazy, Head of Retail Banking and Branches of the National Bank of Egypt (NBE), has revealed that his bank…
Arrested ‘Spy’ Stork Killed and Eaten After Release in Egypt
The stork that was detained by Egyptian police on suspicion of spying has been killed and eaten, days after its…
Egypt Benchmark Index Opens Week above 5180 pts
Egypt's stock market started this week higher posting opening gains of EGP 162 million on Sunday. The…
Telecom Italia Is Said to Propose Reorganization to Board
Telecom Italia SpA (TIT) is considering a reorganization of its domestic units under a plan that would create…
IBM Moves Retirees to Insurance Exchange As Costs Rise
International Business Machines Corp. (IBM), faced with rising health care costs for retirees, says it will move…
Foreign Currencies Vs Egypt Pound – Early Sunday
The table below shows the exchange rates of the Arab and foreign currencies against the Egyptian pound on early…
Sawiris Eyes Telecom Italia, But Concerned about Rome
Egyptian telecoms tycoon Naguib Sawiris said on Saturday he was still interested in taking a stake in Telecom…