Tax payments extended as ministers mull labor, wage reforms
By Amr Ramadan CAIRO: A committee of economic ministries headed by Finance Minister Samir Radwan announced Wednesday plans for potential labor and wage reforms. Officials had decided to extend income tax…
Egypt, Tunisia ripples felt far and wide
By Omnia Al Desoukie CAIRO: With protests in Libya, Bahrain, Yemen and even China, it is difficult to tell when the ripple effect created by the Tunisia and Egypt revolutions will…
Over 30,000 Egyptians, Tunisians flee Libya: IOM
GENEVA: More than 30,000 Tunisian and Egyptian migrants have fled to their home countries from Libya since Monday, the IOM said Thursday, adding that it expects tens of thousands more…
Suez Cement 2010 profit falls 4.9 percent
CAIRO: Egypt's Suez Cement posted a 4.9 percent decline in 2010 net profit to LE 1.2 billion ($209.9 million), the stock exchange said on Thursday. Suez Cement posted LE 1.3…
CIB says net profit climbs 15 pct in 2010
CAIRO: Commercial International Bank (CIB), Egypt's biggest private bank, said on Wednesday that consolidated net profit for 2010 rose 15 percent. The bank said net profit for 2010 was LE…
Vimpelcom CEO hopeful on Sawiris deal, Algeria
MOSCOW: Vimpelcom sees a high chance that its deal to buy the telecoms assets of Egyptian tycoon Naguib Sawiris will go ahead despite opposition from key shareholder Telenor, its CEO…
Goldman says fears severe oil market shortages
LONDON: Goldman Sachs said on Thursday oil markets were driven by fears of unrest contagion to other producing nations after Libya and that another disruption could create severe oil shortages…
Egypt refers Palm Hills chairman to court
CAIRO: Egypt's public prosecutor referred on Thursday the chairman and chief executive of Palm Hills Development, Egypt's second-biggest listed real estate firm, to a criminal court on charges of wasting…
Lack of tourists hurts shops in famed Cairo bazaar
CAIRO: Shops catering to tourists in the Egyptian capital's famed Khan El-Khalili bazaar have been hard hit by the anti-regime protests that curbed the number of visitors. Almost anything…
EBRD could lend to Egypt: chief
LONDON: The European Bank for Reconstruction and Development said Wednesday it was ready to lend to Egypt, extending the remit it began with 20 years ago to help former communist…