Egypt agreed on Monday to offer 80 percent of the country's third largest public sector bank, Banque du Caire, to a strategic investor, a cabinet spokesman told AFP.
NEW YORK (MarketWatch) -- Egypt should receive record net foreign direct investment of more than $10 billion in the current fiscal year ending in June, according to the country's primary governmental authority on investment.
Cairo, July 10 (DPA) Ten years ago, the leaders of Al-Gama'a al-Islamiyya (the Islamic Group), one of Egypt's most violent militant groups, issued a statement announcing what it called a 'ceasefire initiative', under which the group suspended armed operations and said it was revising the ideological basis of past violence.
Egypt's Foreign Minister Ahmad Abul Gheit said on Sunday that relations between Iran and Egypt are based on mutual respect and eagerness to boost bilateral ties.
CAIRO -- Egypt agreed Monday to offer 80 percent of the country's third-largest public sector bank, Banque du Caire, to a strategic investor, a cabinet spokesman said.
MILAN, July 9 (Reuters) - Italian oilfield services provider Saipem has been awarded two offshore contracts in Kazakhstan and Egypt for a value of $230 million.
The sun sets over a mosque in the Egyptian capital Cairo, late 05 July 2007. Egypt agreed on Monday to offer 80 percent of the country's third largest public sector bank, Banque du Caire, to a strategic investor, a cabinet spokesman told AFP.
The foreign ministers of Egypt and Jordan are expected to travel to Israel this week in a bid to revive the stalled Middle East peace process, an Israeli official said Sunday.
CAIRO, July 9 (Reuters) - National Bank of Egypt said on Monday it had signed an agreement with South Korea's STX Shipbuilding Co. to fund Egypt's purchase of six ships for $251.6 million, according to state news agency MENA.
CAIRO (Thomson Financial) - Egypt agreed on Monday to offer 80 percent of the country's third largest public sector bank, Banque du Caire, to a strategic investor in a major step forward for its long-running banking sector reform plan, a cabinet spokesman told Agence France-Press.