TUI Travel posts fresh losses on Egypt, Tunisia unrest
LONDON: TUI Travel suffered a net loss of £254 million (€290 million, $415 million) during the group's first half, in part owing to unrest in Egypt and Tunisia, Europe's largest…
AlembicHC raises Egypt’s Sidi Kerir price target
BANGALORE: AlembicHC raised its share-price target on Egypt's Sidi Kerir Petrochemicals Co (SIDPEC) by 5 percent to LE 17 to reflect higher earnings estimates driven by better operating rates. "SIDPEC…
Egypt inflation jumps to a year high on food prices
CAIRO: Urban consumer inflation in Egypt accelerated to 12.1 percent in April, its highest in a year, on the back of soaring food prices which contributed to the mass protests…
Visa expands operations in Egypt
CAIRO: Seeing the country as a hub for the North and West Africa regions, Visa announced on Tuesday that it will expand operations in Egypt. From marketing to business development,…
Egypt protest hero Wael Ghonim to write book
WASHINGTON: Wael Ghonim, the Google executive who became a hero of Egypt's anti-government uprising, has signed a deal with a US publisher to write a book, "Revolution 2.0." Houghton Mifflin…
Prosecutor extends Mubarak detention
CAIRO: The prosecutor general has extended the detention of former president Hosni Mubarak by 15 days, a judicial source said on Tuesday. Mubarak, ousted from power on Feb. 11 after…
Ex-tourism minister jailed for 5 years
CAIRO: Egypt's former tourism minister was sentenced on Tuesday to five years in prison for squandering public funds, the second member of Hosni Mubarak's cabinet to be jailed for…
Mubarak sons’ detention extended
CAIRO: Egypt's state prosecutor ordered on Monday the sons of ousted president Hosni Mubarak be detained for another 15 days on suspicion of corruption, judicial officials said. Alaa and Gamal…
EU urges Egypt to act decisively on religious strife
BRUSSELS: EU foreign affairs chief Catherine Ashton urged Egypt on Monday to send a powerful signal to Muslims and Christians after a deadly clash in Cairo raised fears of deepening…
Activist claims 7,000 civilians tried in military courts
By Mai Shams El-Din CAIRO: The "No to Military Trials for Civilians” campaign held its third conference at the Journalists’ Syndicates Monday to pressure the ruling Supreme Council of the Armed…