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Business

Yields on Egypt T-bills climb at Sunday auction

Average for 91-day treasury bills 12.86%

Dubai's Arabtec signs $136 mln Cairo building contract

Dubai's major construction firm Arabtec intends to build residential complex in Cairo

Egypt stocks rise slightly on OCI tax settlement

Local bourse ends day in green following announcement by finance ministry that government's tax dispute with Egypt's largest listed company had been resolved

Emerging nations risk Cyprus contagion: World Bank

World Bank managing director says Cyprus economic woes could spread to emerging markets following Cypriot banking sector meltdown

Egypt telecom minister flies to Silicon Valley for investments

Egypt's minister of communications and IT will fly to Silicon Valley to meet with technology giants such as Microsoft, Google, Apple, Facebook, Intel, etc

Egypt's Suez Canal records highest daily traffic in 2013

Head of Suez Canal authority announced that record 68 vessels passed through the waterway on Saturday, the highest rate since the beginning of the year

Cyprus eyes 25 pct levy on big savers at stricken Bank

'Troika' considering 25 percent bank deposits levy in Cyprus

Cypriots to meet troika before any Brussels trip: Spokesman

Cyprus officials will meet with representatives from the ECB and IMF before heading to Brussels for aid talks

Economy

UPDATE 1: OCI to pay $1bn in tax settlement: Minister

Minister of Finance says OCI agrees to pay LE7.1 billion ($1 bn) to end its tax dispute with government; OCI says it will reveal details of settlement as soon as possible

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Talks with govt over tax dispute 'ongoing': Egypt's OCI

Egypt govt-OCI war of words continues on tax evasion dispute

Egypt's top prosecutor calls for committee to assess OCI's tax position

Egypt's OCI reiterates denials of govt charges of tax evasion

Internet speeds back to normal: Egypt's TE Data

Leading Egyptian ISP company says it has repaired damage to undersea cable that had led to weekend drop in broadband speeds countrywide

Mubarak to be summoned to answer for 'illegal gifts'

Ousted Mubarak and ex-PM Nazif are charged of receiving 'illegal gifts' from the state-owned 'Gomhoreya' newspaper

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Egypt deficit to reach LE185 bn: Finance minister

Finance Minister El-Morsi El-Sayed Hegazy expects a lower budget deficit than initially forecast in 2012/13, predicts Egyptian economy will grow 2.5% in first three months of 2013

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UPDATED: IMF technical team to visit Egypt 'within days': Finance Minister

Egyptian Finance Minister El-Morsi El-Sayed Hegazy says subsidy cuts will be implemented before sales tax rises after request by IMF

Cairo-Aswan train service resumes after 11 hour disruption

Train services to Upper Egypt resume after Al-Ayat residents end their protest over crossing safety

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