Five immigrants stage crane protest in Italy
BRESCIA: Five immigrants have blockaded themselves on top of a crane for the past 12 days in the Italian city of Brescia in a desperate protest that has attracted national…
Kabo reports July-Sept net loss-bourse
Egyptian garment maker El Nasr Clothing & Textile Co. (Kabo) reported a net loss for the quarter to the end of July of LE 1.25 million ($217,500), the stock exchange…
Torah Cement 9-month net profit up 1 pct
Torah Cement posted a 1 percent rise in nine-month net profit to LE 270 million ($46.9 million), the stock exchange said on Thursday. Shares in the company closed up…
Credit Agricole Egypt 9-Month net rises 14.7 pct
Credit Agricole Egypt said its nine-month net profit rose 14.7 percent year-on-year to LE 323.6 million ($56.25 million). The bank, owned 60 percent by France's Credit Agricole, posted net…
10 deaths reported among Egyptian pilgrims
CAIRO: Four days before hajj, the death toll of Egyptians in Saudi Arabia reached 10, the latest of whom passed away on Wednesday after suffering heart palpitations due to exhaustion…
Egypt ruling party aims for 7 pct economic growth a year
CAIRO: Egypt's ruling party pledged in an election platform unveiled on Wednesday to achieve annual economic growth of at least 7 percent on average over the next five years. The…
Telecom Egypt profit dips, firm eyes data growth
CAIRO: Landline monopoly Telecom Egypt's profits dipped more than expected in the third quarter, weighed down by extra promotional spending during the Muslim fasting month of Ramadan and an impairment…
IFC talks global trade finance at Exporta
CAIRO: In 2010, the International Finance Corporation’s Global Trade Finance Program (GTFP) issued 2,811 guarantees amounting to $3.4 billion, officials said at a conference Thursday. Shehzad Sharjeel, regional head of…
Berlin Philharmonic returns to the Arab world after 42 years
The Berlin Philharmonic Orchestra returned to the Arab world for the first time in 42 years with a concert in Abu Dhabi. Under the baton of British conductor Sir Simon…
Hassan wants derby before January window
CAIRO: Zamalek manager Hossam Hassan has no concerns by the postponement of the Cairo derby, but hopes to face Ahly before the January transfer window. The crunch game scheduled for…