Al Borg Laboratories delists from the Egyptian Stock Exchange in a public to private transaction
Al Borg Laboratories, the Middle East’s largest medical testing group, announced that it finalized the voluntary delisting of its shares from the Egyptian Stock Exchange (“EGX”) and has become a…
Egypt 273-day T-bills avg yield rises to 10.661 pct
The average yield on Egyptian 273-day treasury bills inched up to 10.661 percent on Monday from 10.514 percent at the last week's auction. The central bank accepted bids for bills…
Court issues verdict protecting university students’ freedom of expression
CAIRO: The Administrative Court issued a verdict in favor of three Ain Shams University students on Sunday, permitting them to take their exams on Jan. 13 in spite of a…
Egypt stimulus plan worth up to $3.4 bln: finance minister
CAIRO: Egypt has adopted a stimulus plan with the aim of injecting LE 10-20 billion ($1.72-3.44 billion) into the economy in the 2011 calendar year, the country's finance minister said…
Further delays in Weather Investments, VimpelCom deal
CAIRO: Finalization of the $6.6 million agreement between Weather Investments and VimpelCom was delayed until Friday, according to Al Mal, a local Egyptian newspaper, who cited Naguib Sawiris, Weather’s chairman.…
World Bank announces collaboration with Arab league to boost human development, infrastructure, SMEs
CAIRO: Mahmoud Mohieldin, the former Minister of Investment and current managing director of the World Bank Group, was in Cairo this week to discuss possibilities for cooperation and partnerships between…
Mido has to work hard to regain place
CAIRO: Mido admitted that he has to work hard once again in order to convince new Ajax manager Franck de Boer with his capabilities. Mido fell down the pecking order…
Pope honors Mother Teresa in Christmas meal with poor
VATICAN CITY: Pope Benedict XVI on Sunday shared a Christmas dinner with 250 impoverished people to mark 100 years since the birth of Catholic missionary Mother Teresa, the Vatican said.…
Gomaa, Gaafar relish derby contest
CAIRO: Ahly defense star Wael Gomaa explained how he intends to keep Zamalek striker Ahmed Gaafar at bay ahead of this week’s Cairo derby clash. “There is a basic rule…
Church to send Christmas invitations to only top 3 Egyptian officials
CAIRO: Coptic Orthodox Bishop Sergious Sergious, the deputy of the Saint Mark Cathedral, said the church will only send official invitations for the Jan. 7 Coptic Christmas celebration to President…