Palm Hills sees challenge to survive in 2011
CAIRO: Palm Hills Developments, Egypt's second-biggest listed developer, said it faced a battle for survival this year, despite a record year for sales in 2010. "Our message today is mixed:…
Global gas glut to stay even with more Japan demand
LONDON: The world's biggest gas exporters will benefit from Japan's increased need for liquefied natural gas (LNG), but the global gas glut that has weighed them down over recent years…
Clinton to tell Egyptians democracy takes time
PARIS: US Secretary of State Hillary Clinton visits Egypt on Tuesday to urge its military rulers to lay the ground for a genuine transition to democracy and offer support to…
Amer Group 2010 net profit up 10.6 pct
CAIRO: Egyptian real estate company Amer Group reported on Tuesday a 2010 full-year net profit of LE 557.1 million ($94 million), up 10.6 percent on the previous year. It reported…
Clinton to meet with Egyptian transition leaders
PARIS: US Secretary of State Hillary Rodham Clinton was flying to Egypt on Tuesday to press transitional leaders to follow through on pledges for democratic reform after the ouster of…
Egypt considers more help for small margin investors
CAIRO: Egypt's government is reviewing a proposal to increase the size of a fund set up to help small investors who bought shares on margin or credit before political turmoil…
Intel acquires Egypt’s SySDSoft
CAIRO: Intel Corporation, through its business entity Intel Mobile Communications, acquired most of the assets of SySDSoft, a privately-held software company based in Cairo. “We would like to emphasize Intel’s…
EU, Arab League discuss tripartite summit
CAIRO: EU foreign policy chief Catherine Ashton on Monday discussed a proposal to hold an Arab, African and European summit to discuss Middle East developments, in talks with Arab League…
Israeli navy intercepts Egypt-bound ship with arms
JERUSALEM: The Israeli navy intercepted an Egyptian-bound ship carrying a large delivery of weapons off the country's Mediterranean coast on Tuesday, saying the arms had been sent by Syria to…
New delay in resuming Egypt gas flow to Israel
JERUSALEM: Shipments of Egyptian gas to Israel, due to resume this week after being cut off after a Feb. 5 attack on a Sinai pipeline, have been delayed again, one…