Eastern Co sees drop in 2011-12 net profit
CAIRO: Egypt's cigarette monopoly Eastern Co forecasts a drop in net profit in fiscal year 2011-12, a statement from the firm showed on Wednesday. Eastern, whose brands include Cleopatra, said…
Orascom shareholder meeting set for April 14
CAIRO: Egyptian group Orascom Telecom will hold a shareholder meeting on April 14 to approve a split of the company and a capital increase, it said on Tuesday. Financial regulator…
Palm Hills approves 1-for-10 bonus share
CAIRO: Shareholders of Palm Hills Developments, Egypt's second-biggest listed developer, approved a dividend of one new share for every 10 held, the firm said in a statement on Thursday. Palm…
North Africa and Mideast turmoil dents air travel
GENEVA: Unrest in North Africa and the Middle East dampened growth in international air travel in February, the International Air Transport Association (IATA) said on Tuesday. International passenger travel grew…
IOM pleads for funds to help evacuate Libya migrants
GENEVA: The International Organization for Migration pleaded Friday for funds to keep repatriating foreign migrants fleeing war-torn Libya, saying it could only afford just 20 evacuations a day now. "Money…
US-Yemeni cleric: Arab unrest chance for Al-Qaeda
CAIRO: A US-born radical Yemeni cleric claims in a new article that violent Islamist groups will be able to take advantage of the Arab world's wave of popular unrest, even…
Yemen’s Saleh signals defiance at loyalist rally
SANAA: Embattled Yemeni President Ali Abdullah Saleh told a huge rally of supporters on Friday that he would sacrifice everything for his country, suggesting he has no plans to step…
Rebels battle for Brega, admit ceasefire possible
AJDABIYA: Libyan rebels were digging in Friday in their battle with Moamer Qaddafi's forces for the oil town of Brega as leaders admitted they were ready for a ceasefire under…
Egypt panel seeks to recover Mubarak assets abroad
CAIRO: A committee set up by Egypt's military rulers will travel to Europe aiming to recover frozen assets belonging to deposed president Hosni Mubarak and other leading officials, the state…
Hundreds defy Assad to protest in Syria
DAMASCUS: Hundreds of Syrians emerged from prayers on Friday to protest, including in the flashpoint town of Daraa, in the first rallies since President Bashar al-Assad dashed hopes for greater…