Mubarak vows to protect Copts after Qaeda threat
CAIRO: President Hosni Mubarak on Saturday condemned threats by the Al-Qaeda franchise in Iraq against Coptic Christians in Egypt and promised to protect them, the official MENA news agency reported.…
Sawiris skeptical on Orascom/Vimpelcom deal: paper
Egyptian billionaire Naguib Sawiris told a Norwegian newspaper that the chances of completing a $6.6 billion merger between his company Orascom and Russian mobile operator Vimpelcom were at best 50…
Arab world faces worsening water crisis
By Alistair Lyon /Reuters BEIRUT: The Arab world, one of the driest regions on the planet, will tip into severe water scarcity as early as 2015, a report issued on Thursday…
Egypt’s Eipico 9-month net profit up 14 percent
Egyptian International Pharmaceutical Industries Co (Eipico) posted a 14 percent rise in nine-month net profit to LE 258.5 million ($45 million), the stock exchange said on Sunday. Net profit in…
Egypt’s index inches up, banks gain
CAIRO: Egypt’s benchmark share index inched up 0.9 percent led by the banking sector on positive global sentiment after the US Federal Reserve announced its $600 billion asset buying plan…
Egypt duo to hold Washington talks on peace process
CAIRO: Egypt's intelligence chief and foreign minister are to travel to Washington on Tuesday for talks with Secretary of State Hillary Clinton on the floundering Middle East peace process, the…
OECD launches second phase of Business Climate development strategy for Egypt
CAIRO: “We believe that the last few years, we were learning to walk and that now is the time for us to run, we cannot just continue walking. We…
Amer Group to raise LE 1.15 bln through IPO and private placement
CAIRO: Amer Group, a local real estate development firm, announced this past weekend that it intends on raising LE 930 million through a private placement and LE 220 million through…
Kuwait may buy GM stocks: investment chief
KUWAIT CITY: Kuwait Investment Authority, the oil-rich Gulf state's sovereign wealth fund, will take part in the US General Motors new stock offering if it is "feasible," the KIA chief…
Wataniya Palestine launches $50 mln IPO
RAMALLAH: Mobile telephone operator Wataniya Palestine launched an initial public offering (IPO) on Sunday to raise $50 million for financing an expansion of its network, the firm's chief executive said.…
