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Brief History. Nominally independent from the UK in 1922, Egypt acquired full sovereignty following World War II. The completion of the Aswan High Dam in 1971 and the resultant Lake Nasser have altered the time-honored place of the Nile river in the agriculture and ecology of Egypt. A rapidly growing population (the largest in the Arab world), limited arable land, and dependence on the Nile all continue to overtax resources and stress society. The government has struggled to ready the economy for the new millennium through economic reform and massive investment in communications and physical infrastructure

News From This Region
(AFX UK Focus) 2009-05-25 13:07 Egypt index up in low volumes (Interactive Investor)
CAIRO, May 25 (Reuters) - Egypt's main stock index edged higher on Monday in very low volume trade as trading suspensions and holidays kept foreign investors away and locals eyed building firms, traders said. "There is not much international involvement," said Ashraf Akhnoukh, a trader at CIBC brokerage. "Even if internationals wanted to be involved they couldn't because Orascom Telecom and ...

(AFX UK Focus) 2009-05-24 13:39 Talaat Moustafa leads Egypt shares up (Interactive Investor)
CAIRO, May 24 (Reuters) - Egyptian stock indexes edged up on Sunday, driven by a rally on the real estate sector led by shares in Talaat Moustafa, which gained 5.1 percent after plunging 14.5 percent in the last trading session. The firm's former chairman was sentenced to death for murder on Thursday, and the company's shares declined on what one trader described as a panic. But the decline made ...

(AFX UK Focus) 2009-05-18 14:31 Egypt index jumps 2 pct as investors eye Mobinil (Interactive Investor)
CAIRO, May 18 (Reuters) - Egypt's benchmark stock index gained 2.2 percent on Monday as investors bought telecom firms on talk that a row between shareholders in Mobinil could be resolved soon, traders said. "There is a lot of speculation in the market that something is going to happen regarding the France Telecom, OT deal, which drove all the telecom stocks up," said Karim Hosny from Pharos ...