Correction: SODIC registers EGP 477m net loss in 2013 April 24, 2014

The Daily News Egypt reported yesterday that real estate company Sixth of October Development and Investment (SODIC) reported a net profit of 229m, however, 2013 actually ended with a net loss of EGP 447m. “The company actually made a...

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US to deliver Apache helicopters to Egypt, relaxing hold on aid April 24, 2014

The United States said on Tuesday it will deliver 10 Apache attack helicopters to Egypt, relaxing a partial suspension of aid imposed after Egypt’s military ousted President Mohamed Morsi last year and cracked down violently on protesters....

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Egypt issues law barring challenges to state deals April 24, 2014

Egypt’s interim President Adly Mansour on Tuesday approved a law that would restrict the right to challenge state business and real estate deals to only the government, its involved institutes and business partners, a presidency statement...

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Egypt pounds weakens at official rate, strengthens on black market April 24, 2014

The Egyptian pound weakened at a central bank dollar sale on Wednesday but strengthened on the black market.


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