Olympic Q1 net profit drops 33 percent
CAIRO: Egyptian appliance maker Olympic Group, set to be acquired by Sweden's Electrolux AB, posted a 33 percent drop in first-quarter net profit, the stock exchange said on Wednesday. Net…
Egypt extends rise; Oman slumps to 17-month low
CAIRO/DUBAI: Egypt's main index hit a seven-week high on Thursday as concerns eased that demonstrations planned for Cairo the following day could turn violent and wreak further damage on fragile…
Egypt peaks on Nielsen’s Consumer Confidence Index
CAIRO: Egypt rose to its highest level on the Consumer Confidence Index at 102 points during the first quarter of 2011, according to a study released by The Nielsen Company.…
SCAF releases draft amendments to PA law for public discussion
CAIRO: The Supreme Council of the Armed Forces (SCAF) issued a draft of the amended People’s Assembly law, proposing a combination of closed party lists and individual candidates systems. One…
Large turnout at 15th annual Cairo ICT
CAIRO: The annual Cairo ICT trade fair and forum opened its 15th edition Wednesday after being postponed from the original February date due to the recent political developments in Egypt.…
Muslims rush to restore torched Egypt church
By Sami Aboudi / Reuters CAIRO: Mohammed Fathi worked his brush gently over an icon of Virgin Mary and baby Jesus, removing soot from its surface inside a church gutted in…
After revolt, Egyptians vent fury in litigation
CAIRO: When protests ousted Hosni Mubarak in February, many Egyptians unearthed old grievances against employers, politicians and neighbors, demanding justice from a legal system they had long seen as…
US diplomat says international monitoring of elections is for Egyptians to decide
CAIRO: In a roundtable discussion in Cairo with US Assistant Secretary of State for Near Eastern Affairs, Ambassador Jeffrey Feltman said that the issue of international monitoring of elections…
ERTU officials deny plans to delete Mubarak footage from archives
By Hanan Solayman CAIRO: Officials at the Egyptian Radio & Television Union (ERTU) denied reports claiming that a decision was issued to delete any footage of former president Hosni Mubarak from…
Blasts kill 28 in Yemen amid widening clashes
SANAA: Yemen's government said 28 people were killed in an explosion at a weapons storage site Thursday, but the opposition claimed military forces shelled a building used by tribal fighters…