He will receive an annual salary that is $100,000 more than what Prime Minister Kevin Rudd is paid. Mr Fraser told reporters on Thursday that the debate over how Australia could build a broadband network to secure the economic prosperity...
Egypt will invite bids for two licenses for “triple-play” cable, telephone and internet services and expects to draw investment of $1 billion within five years, the communications minister said on Wednesday. The addition of triple-play operators would increase competition in Egypt’s...
Cairo :: Egypt
| updated Sat Nov 28 15:07:51 -0800 2009
| business-news
At least five oil and gas groups are in early stages of preparations for stock market listings. The wave of offerings will make millionaires of a handful of oil entrepreneurs and generate much-needed returns for the private equity firms that...
Many have entered the area, making it the city's rag-trade hub. The major deals so far have been by Zimmermann, Seafolly, Between the Flags and Gordon Smith. The attraction of the area is the proximity to the ports and transport...
Magdy El Shafee from other writers is not the daily intimidation he faces from the Egyptian Government, but his choice of medium...It has also become the first such novel to be officially banned because it ''infringed public decency''. In addition...
Egypt received $1.7 billion in foreign direct investment in the first quarter of the fiscal year that ends in June 2010, the central bank said in a statement yesterday. Egypt also registered a current account deficit of $1.5 billion in...
Cairo-based private equity firm Citadel Capital has listed its shares on Egypt’s stock exchange in preparation for a likely rights issue in the coming months, Chairman Ahmed Heikal said on Monday. Citadel Capital, which manages $8.3 billion in investments, has...
Cairo :: Egypt
| updated Sun Nov 22 23:33:42 -0800 2009
| business-news
HC Brokerage has maintained its "buy" rating recommendation on the logistics solutions provider Aramex and its target price of Dh2.28 per share. "We continue to like Aramex for its solid regional presence, strong management, and asset-light structure that grants operating...
At the world's oldest tourist destination, Dugald Jellie steps from eternal sunshine into royal crypts and crowded souks. News cables dispatched the story around the globe: English archaeologist Howard Carter had made the find of his life.
Egypt's main stock index recoiled on Sunday, with heavyweight Orascom Construction (OCI) providing selling impetus by shedding more than 5 percent in low-volume trade dominated by local investors. "OCI is the leader, and everyone is following it," said Teymour El-Derini...
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