Egyptians face food hardship after protests
CAIRO: Electrician Hassan Ibrahim, a father of three, hopes Egypt's revolution will speed the day he no longer lives in fear that his family will go hungry. On Jan. 28,…
Al Baraka Egypt Bank 2010 net profit soars
CAIRO: Al Baraka Egypt Bank more than doubled its annual net profit in 2010 to LE 107.1 million ($18.22 million), the bourse said on Thursday. The Cairo-based Islamic bank, in…
Vimpelcom to pay extra $250 mln interim dividend
MOSCOW: Russian telecoms operator Vimpelcom is to pay an extra $250 million in interim dividends, or $0.19 per share, as it seeks shareholder support for its proposed $6+ billion acquisition…
EFG-Hermes denies holding Mubarak funds
CAIRO: Egyptian investment bank EFG-Hermes said on Thursday it does not manage any portfolios for the family of president Hosni Mubarak, who was ousted last week in a popular revolt.…
Metalloinvest says Egypt unrest hit steel
MOSCOW: Unrest in Egypt has hit construction steel prices, with spot rebar in Saudi Arabia's Jeddah now at $640-$650 per ton, as Black Sea mills seek new markets away from…
CI Capital puts Egypt growth forecast at 4 pct
CAIRO: Just weeks ago, Egypt’s growth rate for the current fiscal year was expected to clock in at 5.6 percent, but due to recent events, that number has dropped, with…
Rights groups, activists demand release of detainees, end to torture
By Heba Fahmy CAIRO: Around 400 detainees arrested during the revolution remain in custody and around 40 are missing, according to executive director of the Arab Network for Human Rights Information…
Pro-Bahrain, Algeria, Libya solidarity march sees low turnout
By Marwa Al-A'asar CAIRO: Nearly a dozen protesters gathered Thursday afternoon outside the Algerian embassy in Zamalek in a show of solidarity with the uprisings of the people of Libya, Bahrain…
Activists call for ‘Friday of Victory’ to reiterate revolution demands
CAIRO: Activists are calling for a protest dubbed “Friday of Victory” on Feb. 18 in Tahrir Square, marking a week after president Hosni Mubarak stepped down and to reiterate…
Experts call for immediate wage reforms, CBE to meet with protesters
CAIRO: Egypt’s central bank published a statement in newspapers Thursday calling on bank employees to cease striking and resume working in order to preserve the stability of the national economy,…