EGX starts Sunday trade in negative territory    Egypt to announce new private sector financing deals at Sunday conference    CBE Deputy Governor attends ceremony appointing DPI as new manager of 'Nclude'    Egypt deploys over 2,400 ambulances to support high school exams nationwide    Environment Minister chairs closing session on Mediterranean Sea protection at UN Ocean Conference    Egypt nuclear authority: No radiation rise amid regional unrest    Egypt selected for $1bn climate fund decarbonisation programme: Al-Mashat    Grand Egyptian Museum opening delayed to Q4    Egypt delays Grand Museum opening to Q4 amid regional tensions    Israel and Iran's nuclear programme: Intense strikes and "limited damage"    Trump faces MAGA backlash as Israel-Iran conflict tests non-interventionist promise    Egypt's Foreign Minister condemns Israeli strikes in calls with European, Iraqi counterparts    Egypt slams Israeli strike on Iran, warns of regional chaos    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Egypt's EDA joins high-level Africa-Europe medicines regulatory talks    US Senate clears over $3b in arms sales to Qatar, UAE    Egypt, Lebanon discuss water, irrigation cooperation    France's growth outlook dips    Egypt discusses urgent population, development plan with WB    Egypt reaffirms commitment to ocean conservation at UN conference    Egypt's Irrigation Minister urges scientific cooperation to tackle water scarcity    Egypt boosts higher education ties under 24/25 strategy    Egypt, Serbia explore cultural cooperation in heritage, tourism    Egypt discovers three New Kingdom tombs in Luxor's Dra' Abu El-Naga    Egypt launches "Memory of the City" app to document urban history    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    Egypt's Democratic Generation Party Evaluates 84 Candidates Ahead of Parliamentary Vote    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Cabinet approves establishment of national medical tourism council to boost healthcare sector    Egypt's PM follows up on Julius Nyerere dam project in Tanzania    Egypt's FM inspects Julius Nyerere Dam project in Tanzania    Egypt's FM praises ties with Tanzania    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    

Articles of the author Ahmed A Namatalla
BUSINESS RECAP: Report: bird culling bill reached LE 1 billion
Report: bird culling bill reached LE 1 billion CAIRO: The culling of more than 34 million birds since February 2006 to contain the spread of the Avian Flu virus has cost the Egyptian poultry industry nearly LE 1 billion, a Council of Ministers' (...)

13 - 04 - 2007
Mortgage refinance company to lower lending rates to 11 percent
Company to offer primary lenders long-term financing at 9.5 percent CAIRO: The launch of the Egyptian Company for Mortgage Refinance (ECMR) will help lower lending rates to 11 percent, Minister of Investment Mahmoud Moheiddin told the People's (...)

07 - 04 - 2007
Business Recap: Suez Cement sales up, income down 10 percent
CAIRO: The country's largest cement producer, Suez Cement Group, announced final consolidated 2006 results Thursday showing a 51 percent increase in net sales and a higher profit margin, but a 10 percent decline in net income. Suez captured 32 (...)

07 - 04 - 2007
NTRA exempts Etisalat from late start-up fines
Badawy: reasons behind delay out of company's hands CAIRO: The National Telecommunication Regulatory Authority (NRTA) reaffirmed Wednesday its decision not to levy monetary penalties on the new third mobile operator, Etisalat Egypt, for failing (...)

06 - 04 - 2007
Mobinil, MCIT reach agreement
CAIRO: Mobinil has agreed to suspend offering Edge Technology and upgrade its network in exchange for governmental authorization to offer lifetime validity to its prepaid customers and add one million new numbers, the Ministry of Communication and (...)

04 - 04 - 2007
OCI net income up 57 percent on strong construction, cement performance
Company continues MENA expansion; plans to add 10 million tons to cement production capacity in next 6 months CAIRO: Orascom Construction Industries (OCI) reported late last week net income reached LE 2.67 billion in 2006 on nearly LE 16.5 (...)

02 - 04 - 2007
Business recap: Artoc Group sells majority stake in Emaar Misr for $142 million
CAIRO: Dubai-based Emaar Properties has acquired Artoc Group's 60 percent share in Emaar Misr for $142 million (LE 809 million), capping the much publicized conflict begun in the last quarter of 2006. The announcement came separately from both (...)

31 - 03 - 2007
NTRA sets deadline for mobile operators to reach roaming agreement
CAIRO: Local mobile operators have been granted 30 days to reach a roaming agreement, National Telecommunication Regulatory Authority Chairman Amr Badawy said Tuesday. Roaming negotiations have been ongoing since Etisalat won the third operator's (...)

30 - 03 - 2007
Government to cancel Sidi Abdel Rahman deal
CAIRO: The Holding Company for Tourism (HCT) announced yesterday it is launching legal action against Emaar Misr to reclaim the Sidi Abdel Rahman land plot sold for LE 1.2 billion earlier this month. HCT's announcement came one day after the (...)

29 - 03 - 2007
Four local banks finance $450 million for Port Said propylene plant
CAIRO: A consortium of four banks, headed by Commercial International Bank (CIB), has finalized a deal with the Egyptian Propylene and Polypropylene Company (EPPC) to finance $450 million (LE 2.6 billion) for the establishment of a new processing (...)

29 - 03 - 2007
Bank of Alexandria IPO set for Q4 2007
CAIRO: The Ministry of Investment announced Tuesday it has selected Beltone Financial to prepare and execute the initial public offering of a 15 percent stake in the Bank of Alexandria (BoA) by the end of the year. Beltone won the tender offered (...)

28 - 03 - 2007
Luxor locals puzzled by sudden political activity
Most unaware of constitutional referendum LUXOR: National Democratic Party (NDP) supporters scrambled Sunday to put up signs and posters around the city on Sunday praising President Hosni Mubarak and the referendum, leaving locals asking one (...)

26 - 03 - 2007
CMA rejects Emaar Misr share listing
Artoc: negotiations likely to extend beyond today's deadline to finalize a deal CAIRO: The Capital Market Authority declined Emaar Misr's application for share-listing Sunday, citing the company's failure to submit financial statements reflecting (...)

26 - 03 - 2007
Alcatel-Lucent continues work on East African submarine cable project
Project to connect eight countries from Sudan to South Afirca CAIRO: Alcatel-Lucent signed this month to begin construction of the second phase of a 10,000 km submarine cable system to connect eight East African countries, providing conventional (...)

25 - 03 - 2007
Business recap: Etisalat pushes back network launch date again; Emaar downplays takeover
CAIRO: Etisalat Egypt, the third mobile license winner, has pushed back its market entrance date originally slated for the end of February and put off until the end of this month. Speaking in London, Minister of Communication and Information (...)

23 - 03 - 2007
Government considering more liberalization in telecommunications sector
Kamel: international calling licensing postponed to May CAIRO: The government is studying further liberalization of the telecommunications sector including offering a second fixed-line license and floating another 20 percent stake in Telecom (...)

23 - 03 - 2007
Rachid increases some steel export duties; defends February's levied duties on cement
Beshay Steel lowers ex-factory rebars price to LE 3,250 per ton CAIRO: The Ministry of Trade and Industry (MTI) raised the export duty for select steel products Wednesday from LE 160 per ton to LE 180 per ton, reinforcing February's levied duties (...)

21 - 03 - 2007
Ministry of Agriculture seeks investors for poultry abattoir establishment, operation
Legislation outlawing live poultry trade expected by end of current People's Assembly session CAIRO: The Ministry of Agriculture and Land Reclamation (MoA) initiated a campaign this week to draw investors to establish poultry abattoirs outside (...)

20 - 03 - 2007
Inflation rate resumes climb in February
Annual inflation reaches 12.6 percent; highest in 26 months CAIRO: The annual inflation rate reached 12.6 percent at the end of last month, up 0.2 percent from January and marking highest rate in 26 months, the Central Agency for Public (...)

19 - 03 - 2007
BUSINESS RECAP: Turkey issues oil exploration tenders in disputed area with Cyprus
CAIRO: Egyptian government sources said last week Egypt will honor its commitments according to the joint oil exploration agreements signed with Cyprus despite Turkey's announced intentions to offer international tenders for exploration blocks in (...)

16 - 03 - 2007
Egypt, Turkey move toward free trade by 2020
Kassem: Egyptian textiles producers should not be threatened by liberalization CAIRO: Minister of Trade and Industry Rachid Mohamed Rachid said Thursday the free trade agreement with Turkey entering implementation this month is expected to boost (...)

15 - 03 - 2007
Ministry of Transportation partially unveils LE 8.5 bln railroad renovation plan
Ministry to spend LE 3 billion to upgrade signaling system CAIRO: The Ministry of Transportation (MoT) will spend LE 3 billion in the next 24 months to upgrade the railway system's signaling system, including the incorporation of GPS technology, (...)

14 - 03 - 2007
Egypt, Kazakhstan launch joint business council; vow to bolster economic ties
Abishevich: countries need to capitalize on "considerable untapped economic potential CAIRO: Egypt and Kazakhstan signed an agreement to boost bilateral economic and trade activity between both countries and launched their first joint business (...)

12 - 03 - 2007
International Finance Corporation launches advisory services evaluation program in Egypt
One year program to measure growth of companies receiving assistance. CAIRO: The International Finance Corporation (IFC) is initiating a program to measure the progress of its Business Edge Advisory Services (Beas) program in Egypt. The program (...)

09 - 03 - 2007
Emaar Misr partners continue negotiation over ownership structure
Gabr: company looking for more development opportunities on Red Sea, area between Luxor and Aswan CAIRO: Negotiations over changing the ownership structure of Emaar Misr are ongoing and "all scenarios are open, Emaar Misr Chairman Shafik Gabr (...)

08 - 03 - 2007
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