Transocean Ltd said on Tuesday that one of its dozen rigs in the deepwater Gulf of Mexico would be taken to Egypt next week, while remaining under contract with Statoil.
It is the second rig owned by the world's largest offshore drilling (...)
Egypt said revenue from the Suez Canal rose 6 percent in July. Receipts advanced to $406.2 million from $382.9 million a year earlier, according to data published today on the cabinet's website.
The canal generated $4.54 billion in the fiscal (...)
Egypt's Orascom Telecom (ORTE) is still in talks with international telecoms firms to sell some of its African assets, after negotiations with South Africa's MTN failed last week, a newspaper reported on Sunday.
"Orascom Telecom Holding continues (...)
Gold prices broke the decline wave witnessed over the past two months in the domestic market during the month of March to rise.
This covered 21, 18 carat gold and gold pounds. This came synchronized with the soaring value of the Egyptian pound (...)
