CI Capital upgrades Telecom Egypt
CI Capital upgraded Telecom Egypt to "buy" from "hold," and said competitive pressures on the landline monopoly's revenue should ease as the price war led by mobile operators is expected…
Maridive says wins contract with India’ ONGC
Egypt's Maridive and Oil Services said on Monday it won a $117 million contract to install offshore oil services for Indian state-run explorer Oil and Natural Gas Corp. The biggest…
Amer Group shares debut Tuesday after IPO-bourse
Trading in shares of Egyptian real estate firm Amer Group will begin on Tuesday after an IPO that was oversubscribed 5.8 times, Egypt's stock exchange said on Sunday. The firm…
Egypt pound falls to five-year low against dollar
The Egyptian pound fell to its lowest against the dollar since July 2005 on Monday, weakened by demand for dollars by Egyptian importers, dealers said. The pound has been volatile…
Preliminary results show sweeping victory for NDP in PA elections
By Marwa Al-A'asar CAIRO: The ruling National Democratic Party (NDP) won a sweeping victory in the first round of the People’s Assembly (PA) elections, according to preliminary results. On the…
Freedom to Create celebrates female empowerment
By Sarah Daoud CAIRO: As part of Freedom to Create’s 2010 series of events in Cairo, a forum on female empowerment and creativity was held at the American University in Cairo’s…
Rights groups condemn election ‘chaos’
By Sarah Carr CAIRO: Violence, polling station closures, vote forgery and restrictions on polling station monitors raise serious doubts about the probity of Sunday’s parliamentary elections, rights groups said Monday. Magdy…
Egypt vote ‘rigged and invalid’, say Muslim Brotherhood
By AFP CAIRO: The Muslim Brotherhood, Egypt's main opposition, said on Monday that the parliamentary election a day earlier was "rigged and invalid" and that government officials were falsifying the…
Sabahi to participate in run-off despite earlier withdrawal
By Tamim Elyan CAIRO: Hamdeen Sabahi, candidate in Al-Hamoul constituency in Kafr El-Sheikh governorate, will participate in the run-off elections against National Democratic Party's (NDP) candidate Essam Abdel Ghaffar despite withdrawing…
Nour calls for forming ‘Alternative Parliament’
By Essam Fadl CAIRO: Political dissident and founder of Al-Ghad Party Ayman Nour said his party doesn’t acknowledge the results of Sunday’s parliamentary elections. Nour had earlier announced that Al-Ghad was…