Egypt Sept mobile subscriptions up 10.5 mln on yr
The number of mobile phone subscriptions in Egypt rose by more than 10.5 million, or 20 percent, from a year earlier, a state website said on Tuesday. Subscriptions grew to…
IFC invests in Alexandria Portland Cement
The International Finance Corporation, a member of the World Bank Group, invested €80 million in the equity of Alexandria Portland Cement Company (APCC), a subsidiary of the Greek cement manufacturer…
OCI to build PHD infrastructure, projects
Palm Hills Developments (PHD) has contracted Orascom Construction Industries (OCI) to work on infrastructure and other projects in a deal worth LE 600 million, the Egyptian real estate firm said…
Amer Group IPO oversubscribed: Beltone Financial
Egyptian real estate firm Amer Group's initial public offering (IPO) has been oversubscribed, its financial advisor Beltone Financial said. Offers for 97 million shares had been made by 0928 GMT,…
Egypt scraps plans to sell stake in Bank of Alexandria
Egypt has scrapped plans to sell its 15 percent stake in Bank of Alexandria, a unit of Italy’s Intesa Sanpaolo, the finance minister said. Minister of Finance Youssef Boutros-Ghali was…
Fathallah reveals tempting Gulf offers
CAIRO: Zamalek defense star Mahmoud Fathallah revealed he has been approached by clubs in the Gulf, admitting that the offers are appealing for him. “There has been some unofficial talks…
Zamalek stand by Shikabala despite Ahly insults
CAIRO: Zamalek football director Ibrahim Hassan leapt to the defense of Shikabala after he was videoed aiming abusive chants at Cairo rivals Ahly. The talented forward looked ecstatic after Zamalek…
National Democratic Party: No rule changes for presidency vote
By Marwa Awad / Reuters CAIRO: A leading member of Egypt's ruling party said in an interview that the constitution would not be changed before the 2011 presidential election, quashing opposition…
MB leader optimistic about elections despite government crackdown
By Heba Fahmy CAIRO: Prominent Muslim Brotherhood (MB) leader Essam El-Erian believes that the crackdown on the group’s members is unfounded. “It is not because they broke the law, at all;…
Fans mark 40 years since Japanese author’s suicide
Fans of far-right Japanese author Yukio Mishima gathered in Tokyo on Thursday to mark the anniversary of his shocking samurai-style suicide after a failed coup attempt 40 years ago. Mishima,…
