ROMA - Egyptian businessman Naguib Sawiris Friday said he is and will remain a long-term investor in the Italian market with telecommunication company Wind SpA and committed to invest in the country's fourth-generation telecom network.
In a (...)
BP PLC (BP) said Monday it has signed a new agreement in Egypt to develop significant gas resources in two deep water blocks.
"Production from the West Nile Delta development is projected to reach up to 1 billion cubic feet per day, (...)
The Egyptian Minister of Housing said Wednesday that local developer Talaat Moustafa's major real estate project Medinaty could continue despite a court ruling that a government body had sold land to the company illegally.
"The ruling does not (...)
The Egyptian Financial Supervisory Authority said Monday it has given Orascom Telecom Holding (ORTE.CI) a week to disclose more details of its deal with France Telecom (FTE) ending a dispute over the ownership of Egyptian Co. for Mobile Services (...)
Algeria's government, which has said it would block any deal in which South Africa's MTN Group Ltd. (MTN.JO) acquires Orascom Telecom Holding SAE's (ORTE.CI) local mobile operator Djezzy, wants control of the asset itself, a government source said (...)
Apache Corp. (APA) said Thursday that the West Kalabsha I-1X well in Egypt's Western Desert showed encouraging results when tested.
The well, located in the Faghur Basin exploration area, had a flow rate of 4,554 barrels of oil and 10.1 million (...)
