Lecico plans one-for-three bonus share issue
CAIRO: Egyptian ceramics company Lecico will issue one new share for every three held in a LE 100 million ($17 million) capital increase funded by retained earnings, the company said.…
EFG-Hermes Q4 net tumbles 62.2 pct
CAIRO: EFG-Hermes, Egypt's biggest investment bank, said on Wednesday fourth-quarter net profit tumbled 62.2 percent from a year earlier, as market conditions slumped further and 2011 would be difficult. Fourth…
On the State of Egypt: Local insight for an international audience
By Caroline Curran Lauded for his novels, infamous for his sometimes caustic, often overtly political writings, things are never dull with Alaa Al-Aswany — especially when so-called tyrants and hypocrites are…
Pyramids deserted as tourists still avoid Egypt
CAIRO: Tourists are staying away from Egypt two months after the start of a popular revolution that removed longtime president Hosni Mubarak. Their absence is dealing another blow to…
In new Egypt and Tunisia, some buyers return
LONDON: Stock markets in Egypt and Tunisia are starting to lure back foreign investors after the ousting of decades-old autocratic regimes, but some blue-chip shares could struggle because of links…
Higher deficit forecast brings subsidies into focus
CAIRO: Minister of Finance Samir Radwan raised the forecast for Egypt’s budget deficit to 9.1 percent of gross domestic product (GDP) for fiscal year 2011/12, from a previous 8.5 percent.…
Which side is the world on?
By Mai Yamani The revolutions in Tunisia, Egypt, Bahrain, Libya, and Yemen — and protests in Oman, Jordan, Saudi Arabia, and Syria — will all eventually result in a political solution.…
Egypt’s referendum, reason for guarded optimism
By Jason Petrucci COLLEGE PARK, Maryland: On 19 March, Egyptian voters approved a package of constitutional amendments recommended by a committee that was appointed by the transitional military government. With the…
Limitations of foreign intervention
By Gamal Soltan Revolutions in the modern age are never only a domestic development, and Arab revolutions are no exception. The state is one of several building blocks in an international…
Newspaper publishers launch independent federation
CAIRO: A number of prominent publishers announced Wednesday the launch of the Egyptian Federation of Newspaper Publishers, with the aim to defend the interests of print media and rid the…