Palm Hills swings to net loss in Q1 after turmoil
CAIRO: Palm Hills, Egypt's second-biggest listed developer, swung into a loss in the first quarter, dragged down by political upheaval that analysts expect has frozen sales and increased cancellations. The…
Oriental Weavers Q1 net falls 15 pct
CAIRO: Net profits at Egypt's Oriental Weavers dropped 15 percent in the first quarter, the world's biggest machine-woven carpet maker said on Tuesday, as raw material costs rose and the…
Three new parties submit document to parties’ affairs committee
By Tamim Elyan CAIRO: The Free Egyptians, Justice and Egyptian Democratic Social parties presented Tuesday to the political parties affairs committee the necessary papers for their establishment including lists of the…
Olympic denies ex-CEO given travel ban
CAIRO: Egyptian appliance maker Olympic Group on Tuesday denied a report that its former chief executive was banned from travel pending questioning over the acquisition of a state firm more…
Ex-Guantanamo detainee referred to appeals prison
CAIRO: The Military Prosecution referred on Tuesday former Guantanamo Bay detainee Adel Fatouh Al-Gazzar to Cairo Appeals Prison, said director of Egypt-based Human Rights Association for the Assistance of Prisoners…
Palestinian rivals to ‘finalize’ unity gov’t next week
CAIRO: Palestinian president Mahmoud Abbas will meet Hamas chief Khaled Meshaal in Cairo next week to finalize a new government put together by the two factions, a top official of…
GASC holds first global wheat tender since Feb
CAIRO/CHICAGO: Egypt's main government wheat buyer stepped back into the world market on Monday for the first time in four months to buy an unspecified amount of the grain from…
Workers take demands against ETUF, anti-protest law to court
CAIRO: The Administrative Court began on Tuesday hearing the trials of two lawsuits filed by workers and labor activists, one demanding the disbandment of the official Egyptian Trade Unions Federation…
Iran’s Greatest Spiritual Leader
By Melody Moezzi Iran’s officially recognized “spiritual leader” today may be Ayatollah Khamenei, but for hundreds of years before the current establishment of mullahs and ayatollahs, Iranians of all creeds have…
Egypt’s much-ignored curfew meets an official end
By Leah Finnegan /AP CAIRO: For many who roam Cairo's famously nocturnal streets, the curfew was always irrelevant. And as of Wednesday it is officially ending, five months after it was…