Eastern H1 net income dips 37.4 pct: bourse
CAIRO: Egypt's cigarette monopoly Eastern Company said on Tuesday its July-December net income fell 37.4 percent year-on-year to LE 253.5 million ($43 million). The firm posted net income of LE…
Egypt gas to Israel to resume by March 4: Ampal
NEW YORK: Egyptian gas supplies to East Mediterranean Gas and its clients in Israel are expected to resume by March 4, Ampal-American Israel Corp said on Sunday. Ampal, which has…
Orascom Telecom extends Alfa management contract
CAIRO: Orascom Telecom Holding has signed an extension to the management contract of Lebanese mobile telecom operator Alfa for one year starting Feb. 1, according to a statement. The terms…
Revolution: ‘One more reason to visit Egypt’
By Shaimaa Fayed and Peter Millership/Reuters CAIRO: Young Egyptians have launched an "Egypt is Safe" campaign, students are cleaning up national monuments and drivers now take visitors around Cairo's Tahrir…
Telenor seeks crucial Vimpelcom ruling
LONDON: Norway's Telenor faces a London court for a second time on Tuesday, seeking to protect its voting rights in Russian cellphone company Vimpelcom. Telenor is asking for an injunction…
US Egypt ETF likely to fall when bourse reopens
BOSTON: The Market Vectors Egypt Index ETF, which has managed to rise to trade at a 10 percent premium over the value of its net assets since the Egyptian stock…
Carlyle says still looking at Middle East deals
BERLIN: Carlyle Group co-founder David Rubenstein is still looking at deals in the Middle East region and the unrest has not yet had an impact on the private equity firm's…
Bahrain freed Shia activist warns of violence
By AFP MANAMA: A leading Shia activist jailed for six months and released last week warned of more bloodshed in the Gulf state ruled by a Sunni dynasty if popular…
Egypt bans export of gold in any form
CAIRO: Egypt has issued a ministerial decree immediately banning the export of gold in all its forms, including jewelry and ornaments, until June 30, the official news agency MENA said…
Youth Coalition says army agrees to remove cabinet and other demands
By Heba Fahmy CAIRO: The Coalition of the Youth of the Revolution said in a statement that the army has agreed to remove the current cabinet, dismantle the State Security apparatus…