Recent Posts

Egypt inches towards IMF bailout as shortages, prices enrage

CAIRO / AP For two weeks now, the shelf once piled with bags of sugar — for better or worse Egypt’s most loved commodity — has stood empty at this grocery store in bustling downtown Cairo. “This is nothing — they’re missing even more things in my village,” said Mahmoud Sulayman, a former army conscript from the Nile Delta now ...

Read More »

Etisalat Misr, Vodafone Egypt sign 4G licence deals in Egypt

  Reuters Vodafone Egypt and Etisalat Misr have signed licence deals allowing them to operate fourth-generation (4G) mobile services in Egypt, the country’s telecoms regulator said on Sunday. Egypt is selling four 4G licences as part of a long-awaited plan to reform the telecoms sector and to raise money for stretched government finances. The country’s three existing mobile phone operators ...

Read More »

Alba closes $1.5 billion loan for Line 6 expansion

  Reuters Aluminium Bahrain (Alba) said on Sunday it closed a $1.5 billion loan with regional and international banks that will fund its Line 6 expansion project. Alba will become the world’s largest single aluminium smelter complex, boosting its annual output by 540,000 tonnes to 1.5 million tonnes per year by adding a sixth “potline”, used in producing the metal ...

Read More »
Send this to a friend