Arafa Holding to reorganize subsidiaries
Arafa Holding is set to reorganize the company’s subsidiaries according to market segments versus the former approach of operational segmentation, Beltone Financial reported in a note. Arafa’s three market segments…
Mobinil to pay LE 9.19 dividend, stock up
Egyptian mobile operator Mobinil said on Wednesday its dividend for the first nine months of 2010 would nearly match its payment for all of 2009, giving its shares a boost.…
Egypt cabinet approves outlines of new land law
Egypt's cabinet on Tuesday approved the outlines of draft law that would create a body to handle the distribution of all state land, the official news agency said. The planned…
Dutch Muslims offer to guard Coptic churches
By AFP THE HAGUE: Dutch Muslims on Tuesday offered to guard three Coptic churches in the Netherlands which have been threatened on an Al-Qaeda-linked website after a New Year's Day…
Egypt sees annualised Q4 GDP growth at 6-6.2 pct
CAIRO: Egypt's economy is estimated to have grown by an annualized 6 to 6.2 percent in the October to December quarter, the cabinet's spokesman said on Wednesday, heralding its best…
Support seen for Egypt pound at 5.8 to the dollar
CAIRO: Analysts see support for the Egyptian pound at its current level of 5.8 to the dollar as demand for riskier emerging market assets boosts foreign appetite for Egyptian stocks…
OT gets liquidity boost as Tunisiana sale closes
CAIRO: Orascom Telecomb Holding completed its sale of Tunisiana to Qatar Telecom (QTel) on Jan. 5, in a deal worth $1.2 billion, OT said in a statement. OT previously owned…
Iran exiles mourn shah’s son after suicide
PARIS: The apparent suicide of the former shah of Iran's youngest son has shocked and saddened Iranian emigres, many of whom were forced into exile by the Islamic Revolution and…
AfDB offers 1.9 mln euro grant for regional water management
CAIRO: The African Development Bank (AfDB) offered a grant to the tune of €1.912 million to the Center for Environment and Development for the Arab Region and Europe (CEDARE). The…
Kuwaiti premier survives vote but crisis lingers
KUWAIT CITY: Kuwait's prime minister on Wednesday narrowly survived a parliament vote seen as a serious bid to oust him, but the opposition vowed to keep up its campaign to…