Al Futtaim says to build Toyota assembly line in Egypt
CAIRO: Al Futtaim Group plans to build a Toyota assembly line, making it the first in the Egyptian market, an official said Tuesday. Robert Willett, the new CEO of Al…
Egypt inflation steady in October, rates seen on hold
CAIRO: Urban consumer inflation in Egypt remained unchanged in the year to October, a sign the central bank is unlikely to raise interest rates in December. Inflation in the 12…
Egypt MB chief warns of anger if election rigged
By AFP CAIRO: Egypt's opposition Muslim Brotherhood chief on Tuesday warned the government to "beware" of the people's anger if it rigs the results of a parliamentary poll this month…
EFG-Hermes completes Lebanese bank stake purchase
Egyptian investment bank EFG-Hermes said on Tuesday it had completed the acquisition of a 65 percent stake in Lebanon's privately owned Credit Libanais, it said in a statement. EFG-Hermes said…
Mubarak says parliament vote will be free
By AFP CAIRO: Egyptian President Hosni Mubarak gave the assurance on Wednesday that parliamentary elections this month will be free, a day after rights groups reported restrictions on the opposition…
Egyptian Resorts posts nine-month net loss
Real estate firm Egyptian Resorts posted a net loss on Wednesday of LE 8.7 million ($1.5 million) for the first nine months of 2010, as the firm has yet to…
Citadel unit has 13 pct of Sudan cement market
A unit of Cairo-based Citadel Capital secured 13 percent of Sudan's cement market by the end of October after opening a $253 million plant in August, the parent company said…
TMG third-quarter net profit slides
Egypt's biggest listed developer Talaat Moustafa Group (TMG) posted a 34 percent slide in third-quarter net profit on Wednesday, the first results from the firm since a legal row over…
Al-Hadari accuses twins of ‘unimaginable’ foul language
By Omar AbdelAziz / Filgoal.com CAIRO: Essam Al-Hadari has reiterated his dismay with the treatment he received at Zamalek, stressing that the Hassan twins shower players with insults when they get…
Hull City to be sold to Egyptians
CAIRO: Egyptian brothers Assem and Ehab Allam have agreed to take control of English Championship side Hull City. The businessmen announced on Wednesday that the deal, which is set to…