Helping entrepreneurs through mentorship
CAIRO: In an effort to aid future entrepreneurs at the American University in Cairo (AUC) and improve its School of Business, a group of successful entrepreneurs were brought in to…
Oil firmer, doubts over Fed action curb gains
LONDON: Oil prices crept higher on Thursday, with all eyes on US weekly jobless numbers due later for clues about the potential size and pace of the US Federal Reserve's…
Egypt steel licenses to be split in two categories
Topping the list of bidders for Egypt steel licenses is an Egyptian and Turkish consortium, Steel Guru reported. According to the bidding documents, the applications are split into two categories.…
Suez Cement nine-month net profit falls 8.5 pct
Egypt's Suez Cement Group said on Thursday its nine-month net profit fell 8.5 percent to LE 906.7 million ($157 million), with sales down despite rising grey cement consumption. Suez, Egypt's…
Mokhtar Ibrahim launches new branch in Kuwait
Egyptian Contracting (Mokhtar Ibrahim) opened a new branch in Kuwait last week, Al-Alam Al-Youm reported. Ali Abu Halawa, CEO and managing director, said that the company is about to obtain…
Telecom Egypt CEO denies regional expansion plans
Telecom Egypt has no plans to expand elsewhere in the region for now, its chief executive said on Thursday after a report it would be interested if mobile operator Zain…
Egypt nudges up, acquisition news helps|
Egypt's benchmark index ended modestly higher with sentiment helped by news that Arabiyya Lel Estithmaraat bought an 85 percent stake in the Omar Effendi department store chain. Arabiyya, which closed…
Canadian Muslims erect first minaret in Arctic
OTTAWA: Canadian Muslims have erected the Arctic's first minaret, atop a little yellow mosque which serves as spiritual home to the area's fledgling Islamic community. The mosque arrived in Inuvik…
Egypt backs Palestinian demands as peace impasse persists
RAMALLAH: Egyptian Foreign Minister Ahmed Aboul Gheit on Thursday said there had been no "breakthrough" in efforts to revive Middle East peace talks during a rare visit to the West…
IMF says dollar ‘strong’; euro, yen, pound at proper value
WASHINGTON: The International Monetary Fund said the dollar was overvalued on the currency markets, while the euro, yen and pound were in line with fundamentals. "The real effective exchange rates…
