Egypt index inches higher
CAIRO: Egypt's main index closed up 0.3 percent as Egypt's largest steel producer, Ezz Steel, jumped 2.8 percent following a report that it may bid for new production licenses. Financial…
Regional mandatory sharia finance body ‘years away’
ABU DHABI: The formation of a Gulf-wide sharia council with the mandate to set industry rules, rather than just issue guidelines in its present form, is still "years away", a…
Oil slips on stronger dollar
LONDON: Oil prices slipped for a second day on Tuesday, falling towards $81 a barrel after Saudi Arabia signaled OPEC would maintain current production levels at the group's meeting and…
Egypt’s Banque du Caire eyes lending boost
CAIRO: Banque du Caire, Egypt's fifth-biggest bank by assets, aims to boost its lending ratio in three years to match Egypt's average after nearly doubling it since 2008, a bank…
TE finds way around mobile license with MVNO agreement
CAIRO: Telecom Egypt (TE) is preparing to enter into an agreement with Vodafone Egypt to buy minutes at reduced prices and resell them in the market under the Mobile Virtual…
Synovate restructures regional operations, names new CEO
Global market research company Synovate has restructured its regional operations, the firm said in a statement, which includes appointing Tamer El-Naggar to the newly created role of CEO, Business Units,…
Tourism revenues to jump 17 pct this year: Garranah
Egypt expects revenue from tourism to increase more than 17 percent this year as the world’s economy shakes off the impact of the financial crisis, Tourism Minister Zoheir Garranah told…
Egypt achieves 5.5 pct industrial growth
Egypt’s Industry and Trade Minister Rachid Mohamed Rachid said that the rate of industrial growth in Egypt reached 5.5 percent this year, which is a high rate despite the global…
Egypt court sets date for TMG Madinaty challenge
An Egyptian court will hear a lawsuit on Nov. 9 challenging a government plan to end a row over Talaat Moustafa's (TMG) Madinaty project, a court said on Monday —…
ICLD workers protest over unpaid salaries
CAIRO: Security bodies tightly controlled a protest held by Information Centers for Local Development (ICLD) workers before breaking up the demonstration, the Center for Trade Union and Workers Services (CTUWS)…
