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Ethiopia, Egypt tone down talk of war over Nile damEthiopia and Egypt cooled talk of war on Tuesday and agreed to more dialogue to resolve a row over a giant dam that the Horn of Africa nation is building on the Nile, on which Egyptians depend on for almost all their water. Africa More… |
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Lukoil unit wins big gasoil supply deal in EgyptLitasco, the trading arm of Russia's Lukoil, has won the bulk of a tender by Egypt's state oil company for delivery of gasoil to the Mediterranean port of Alexandria in the second half of the year, traders said on Tuesday. More… |
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Metito announces big global expansion, mulls IPOUnited Arab Emirates-based water and waste-water specialist Metito has secured long-term financing to support expansion plans in Indonesia, Egypt and China. The comp More… |
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Egypt ups pressure on world powers over SyriaEgyptian President Mohamed Mursi has urged world powers not to hesitate to enforce a no-fly zone over Syria as he threw the backing of the most populous Arab state firmly behind the revolt against the Iranian-backed Damascus government. More… |
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Egypt ups pressure on world powers over SyriaEgyptian President Mohamed Mursi has urged world powers not to hesitate to enforce a no-fly zone over Syria as he threw the backing of the most populous Arab state firmly behind the revolt against the Iranian-backed Damascus government. More… |
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Egypt inches towards $4.8bn IMF loanEgypt's government is in the late stages of verifying its economic reform programme with the International Monetary Fund (IMF) before obtaining a $4.8 billion loan, its central bank governor said on Saturday. The loan, needed More… |
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Ethiopia ratifies Nile treaty in snub to EgyptEthiopia's parliament has unanimously ratified a treaty that strips Egypt of its right to the lion's share of the Nile river waters, raising the political temperature in a dispute between Cairo and Addis Ababa over the construction of a More… |
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Suez Canal May revenue edges up 1pcRevenue from Egypt's Suez Canal rose 1 percent in May from a year earlier to $438.1 million, Egypt's State Information Portal said on Thursday. In May 2012 it was $434.6 million, while in April 2013 it was $406.1 million. More… |
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Eygpt forces not involved in dam dispute yetEgypt's armed forces are not yet involved in a dispute with Ethiopia over a giant dam on the Nile, a spokesman for the general staff said, playing down bellicose rhetoric between Cairo and Addis Ababa. More… |
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MSCI stirs market fears about Greece, EgyptMSCI, the most widely used equity index provider, prompted market fears about both Greece and Egypt on Wednesday, after demoting the former and then raising concerns about getting money out of the latter. MSCI redesignated Greece More… |
