Mobinil posts Q2 net loss of $18.2 mln
CAIRO: Egyptian mobile phone company Mobinil reported a second-quarter net loss as political turmoil following the toppling of President Hosni Mubarak hit tourism and other businesses. The net loss of…
DineEquity plans Egypt expansion
CAIRO: DineEquity, Applebee’s parent company, signed a “multi-restaurant franchise agreement” with AMECO Foods, which will launch 10 new locations of Applebee’s in Egypt. “Applebee’s is a global brand that represents…
New economic policies should be priority, experts say
CAIRO: New economic policies should be the priority of the newly appointed cabinet, an economist stressed in response to the government’s newfound optimism in the resilience of Egypt’s economy. After…
Egypt falls on political worries
CAIRO: Egypt's main index falls for a seventh session as political tensions mount ahead of the trial of former President Hosni Mubarak, which is scheduled to begin Aug. 3. Mubarak…
Abraaj Capital no longer seeks Citadel Capital deal
CAIRO: Abraaj Capital, a leading private equity and alternative asset management group in the region, confirmed it is no longer seeking a transaction with Cairo-based private equity firm Citadel…
Tweetback raises over LE 1.3 million for Ezbet Khairallah in 10 days
CAIRO: Egypt’s first social media-driven humanitarian fundraising project Tweetback managed to raise over LE 1.3 million in funds for Ezbet Khairallah, a sprawling unplanned community. In an event that brought…
Mubarak weak after refusing to eat: agency
CAIRO: Egypt's hospitalized former president Hosni Mubarak, who is due to stand trial next week over the killing of protesters, is weak and refusing solid food, the official news agency…
National unity is main priority, says ElBaradie
By Mai Shams El-Din CAIRO: Divisions between Egyptian political forces are leading to "political arbitrariness" said presidential hopeful Mohamed ElBaradie in a joint press conference with members of the Free Egyptians…
Islamists, political forces negotiate stance on Friday protest
By Marwa Al-A'Asar CAIRO: Negotiations between several Islamist groups and political forces are currently underway to coordinate their stances ahead of a planned mass protest on Friday. Al-Wasat party will host…
Egypt must clearly outline its economic policies, says UN economist
CAIRO: Despite a 5-percent decrease of global FDI inflows in 2010, Egypt retained its position as one of the leading FDI recipients in Africa, second to only Angola, according to…