Workers’ strikes reach AUC campus
CAIRO: Demonstrations calling for better wages, which have become a common scene in front of government buildings and at factories nationwide, are echoing in New Cairo where workers at the…
Egypt consumer confidence inches up despite global dip
* Egyptians surveyed said they would spend less on new clothes, take-away meals and telephone expenses. # @ CAIRO: Egypt moved up 10 points in a consumer confidence index during…
Al Baraka Egypt unit eyes up to $150 mln sukuk sale
KUWAIT: The Egyptian unit of Bahrain's Islamic lender Al Baraka plans to issue a sukuk, or Islamic bond, to raise about up to $150 million next year, the chief executive…
View from the region’s western frontier
By John Defterios If vibrant colors, sights and sounds were rated as indicators to attract business and foreign direct investment, Marrakech and Morocco in general would win that competition hands down.…
Egyptian paintmaker Pachin’s profit up 17 percent
Egyptian paintmaker Pachin said on Monday that profit after taxes rose 17 percent in the July-Sept quarter. Profit rose to LE 63.7 million ($11.2 million) from LE 54.3 million a…
Heliopolis Housing net jumps almost 30 pct
Egyptian property developer Heliopolis Housing's net profit for the July-September quarter jumped nearly 30 percent, the country's stock exchange said on Sunday. The mostly state-owned firm, once one of Egypt's…
Egypt’s 2010 tourist arrivals at 14 mln until October
The number of tourist arrivals to Egypt has reached 14 million in the year to October 2010, and the tourism sector is expected to see annual growth of not less…
Amer Group to launch IPO: paper
Egyptian real estate firm Amer Group expects to raise $300 million through an initial public offering and a private placement before the end of November, a newspaper reported on Sunday.…
Chinese director defends break from art-house
A Golden Lion-winning Chinese director best known for portraying working-class struggles defended on Saturday his decision to try his hand at commercial cinema as he prepares to make his…
Garcia Marquez publishes book, finishes new novel
Colombian author and Nobel Prize winner Gabriel Garcia Marquez is putting the finishing touches on a new novel and is about to publish his first book in six years, his…
