Egypt legal body orders Palm Hills deal scrapped
CAIRO: An Egyptian judicial panel ruled on Tuesday that a state land sale to Palm Hills Development, Egypt's second biggest listed developer, was illegal and should be scrapped. Palm Hills…
China to stay a low-key gambler in Middle East
BEIJING: Even with Middle Eastern tumult tearing down governments and pushing up oil prices, China will stay a restrained regional player, reluctant to gamble a growing pile of economic chips…
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…