Accor Egypt says hotels operating fully
CAIRO: Accor Group said its hotels in Egypt continued to operate during the recent events with all available staff in the country, according to a statement. “The group will continue…
Egypt says no disruption of wheat purchases
CAIRO: Egypt's wheat purchases are proceeding normally, the main government wheat buyer said on Monday, after a popular uprising toppled President Hosni Mubarak. "Our purchases are proceeding normally and there…
Nissan Motor says has restarted Egypt factory
TOKYO: Nissan Motor Co restarted production at a small factory in Egypt on Sunday after shutting it following the outbreak of protests in Cairo, a company official said. Japan's second-biggest…
MidEast bankers see M&A rebound in 2011: report
DUBAI: Mergers and acquisitions activity in the Middle East is expected to show a rebound in 2011 despite there being some concerns over buyers and sellers remaining at odds over…
Islamic insurer sees opportunity after Egypt crisis
DUBAI: Tokio Marine Middle East, an Islamic insurance services provider, sees an opportunity to expand its business in Egypt following the recent political turmoil, the company's chief executive told…
Egyptian bank EFG-Hermes says Mubarak stake minor
CAIRO: Egyptian investment bank EFG-Hermes said on Sunday that Gamal Mubarak's stake in the bank was limited to an 18 percent holding in a subsidiary, EFG Private Equity. On Thursday…
Ad agencies see drop as business slows
CAIRO: “We don’t have work right now because the companies we do business with don’t have work or aren’t open,” Ahmed Raafat, general manager of Scope advertising company, told Daily…
CBE rejects NBE chairman’s resignation, protests continue in banks
CAIRO: What began as mass nationwide protests demanding the removal of former president Hosni Mubarak eventually spilled over into various sectors, ministries, state institutions and, more recently, public sector banks.…
Protesters back in Cairo’s Tahrir square
By Marwa Awad /Reuters CAIRO: About 2,000 people gathered in Cairo's Tahrir Square on Monday, halting traffic only hours after military police and soldiers had cleared the last few dozen pro-democracy…
Protesters call for Friday celebration march
By Marwa Awad /Reuters CAIRO: The organizers of protests that toppled President Hosni Mubarak have called for a "march of victory" across Egypt on Friday, leading activist Khaled Abdelkader Ouda said…