Egypt’s shamed state media squirms in new era
By Rana Moussaoui / AFP CAIRO: Journalists from Egypt's state media, until last week the staid propaganda arm of a hated regime, are battling to overcome conservative management and win…
RIM says state security demands are normal
By Matt Cowan/Reuters BARCELONA: BlackBerry maker Research in Motion is not alone in facing demands from governments for access to its data services, and it is just a normal part…
ISO event, business forum postponed
LONDON: An International Sugar Organization (ISO) conference set to take place in Aswan between March 5-8 has been postponed due to political upheaval in Egypt, Reuters reported. "Please save the…
GB Auto to buy treasury shares: bourse
CAIRO: GB Auto, Egypt's biggest listed automobile assembler, will buy back treasury shares between Feb. 13 and March 13, the stock exchange said on Monday. The firm plans to purchase…
Accor Egypt says hotels operating fully
CAIRO: Accor Group said its hotels in Egypt continued to operate during the recent events with all available staff in the country, according to a statement. “The group will continue…
Egypt says no disruption of wheat purchases
CAIRO: Egypt's wheat purchases are proceeding normally, the main government wheat buyer said on Monday, after a popular uprising toppled President Hosni Mubarak. "Our purchases are proceeding normally and there…
Nissan Motor says has restarted Egypt factory
TOKYO: Nissan Motor Co restarted production at a small factory in Egypt on Sunday after shutting it following the outbreak of protests in Cairo, a company official said. Japan's second-biggest…
MidEast bankers see M&A rebound in 2011: report
DUBAI: Mergers and acquisitions activity in the Middle East is expected to show a rebound in 2011 despite there being some concerns over buyers and sellers remaining at odds over…
Islamic insurer sees opportunity after Egypt crisis
DUBAI: Tokio Marine Middle East, an Islamic insurance services provider, sees an opportunity to expand its business in Egypt following the recent political turmoil, the company's chief executive told…
Egyptian bank EFG-Hermes says Mubarak stake minor
CAIRO: Egyptian investment bank EFG-Hermes said on Sunday that Gamal Mubarak's stake in the bank was limited to an 18 percent holding in a subsidiary, EFG Private Equity. On Thursday…