UAE firm focuses on developing farmland in Egypt, region
ABU DHABI: Jenaan, an Abu Dhabi private firm, will focus on developing farmland it has already acquired in a number of developing nations until it breaks even in about five…
TMG leads Egypt up; Amer debut eyed
CAIRO: Egypt's benchmark index ended higher, led by Talaat Moustafa Group (TMG) as investors favor real estate stocks ahead of property developer Amer Group's shares debut on Tuesday, traders say.…
Turkey eyes navigation line with Egypt
A Turkish delegation visiting Egypt said it was keen on establishing a regular navigation line to transport goods and passengers between Egypt's Alexandria port and a Turkish port, reported the…
Opposition supporters demonstrate after flawed elections
By Maggie Michael and Paul Schemm /AP CAIRO: Demonstrations and riots swept across Egypt Monday protesting alleged fraud by the ruling party in parliamentary elections in which the opposition said its…
Citadel Capital Q3 net loss dips from Q2
Egypt's Citadel Capital on Monday said consolidated third quarter net loss after taxes narrowed to LE 29.6 million ($5.1 million) from LE 94.8 million in the second quarter. …
CI Capital upgrades Telecom Egypt
CI Capital upgraded Telecom Egypt to "buy" from "hold," and said competitive pressures on the landline monopoly's revenue should ease as the price war led by mobile operators is expected…
Maridive says wins contract with India’ ONGC
Egypt's Maridive and Oil Services said on Monday it won a $117 million contract to install offshore oil services for Indian state-run explorer Oil and Natural Gas Corp. The biggest…
Amer Group shares debut Tuesday after IPO-bourse
Trading in shares of Egyptian real estate firm Amer Group will begin on Tuesday after an IPO that was oversubscribed 5.8 times, Egypt's stock exchange said on Sunday. The firm…
Egypt pound falls to five-year low against dollar
The Egyptian pound fell to its lowest against the dollar since July 2005 on Monday, weakened by demand for dollars by Egyptian importers, dealers said. The pound has been volatile…
Preliminary results show sweeping victory for NDP in PA elections
By Marwa Al-A'asar CAIRO: The ruling National Democratic Party (NDP) won a sweeping victory in the first round of the People’s Assembly (PA) elections, according to preliminary results. On the…
