Sewedy slashes 2011 net profit forecast
CAIRO: Egyptian group El Sewedy Electric said on Monday its 2011 net profit would grow 1 percent year-on-year, cutting its previous forecast of 20 percent due to the political turmoil…
MidEast unrest to delay regional deals
DUBAI: Political unrest plaguing the Middle East and North Africa (MENA) region will delay planned deals with activity seen flat versus last year, Standard Chartered mergers & acquisitions executives said.…
Finance ministry sets March 25 deadline to claim damages
CAIRO: The finance ministry has set March 25 as the deadline to claim compensation for damages incurred during the January 25 Revolution. In a statement, Finance Minister Samir Radwan said…
Presidential hopeful Ayman Nour vows to improve Egyptians’ economic status
CAIRO: Head of Al-Ghad Party and presidential hopeful, Ayman Nour, made promises to improve the economic status of Egyptians if elected, in a symposium held at Sawy Cultural Wheel on…
Egypt vote contrasts with thuggery, rigging of past
By Jonathan Wright / Reuters FAHMEEN, Egypt: The thugs stayed home, the judges resumed their seats with confidence and the police officers waved observers through into the polling stations with a…
Listed companies call for transparency ahead of bourse reopening
CAIRO: Investor relations executives of companies listed on Egypt’s stock exchange were in the hot seat Monday as they answered questions regarding corruption cases, land deals and an overall volatile…
EU freezes assets of Mubarak, 18 associates
BRUSSELS: The European Union on Monday froze the assets of ousted Egyptian president Hosni Mubarak and 18 people in his inner circle. The sanctions against resources owned by people identified…
Egypt stays out of Libya war for security reasons
CAIRO: Egypt decided against taking part in military action against neighboring Libya for reasons linked to internal security and the fact that so many Egyptians live there, the foreign minister…
Egypt’s stock market to reopen Wednesday with new chairman
CAIRO: Egypt’s stock exchange will reopen for trading on March 23, headed by Mohamed Abdel Salam, who will continue on as chairman of Misr for Central Clearing, Depository and Registry…
In free Egypt, Al-Zomor says time for gun is over
NAHIA: Abboud Al-Zomor went to jail 30 years ago for his role in killing Egyptian President Anwar Sadat. Now a free man, he believes democracy will prevent Islamists from ever…