Analysts see prices hikes as persistent, not seasonal
CAIRO: In the midst of public concern over the consistent rise in food prices and agricultural commodities, analysts have tried to zero in on the causes and propose possible solutions…
HC Research cuts Ezz Steel price target by 11 pct
CAIRO: HC Research cut Egypt's Ezz Steel's share-price target by 11 percent, citing lack of clarity on iron ore prices and scrap price volatility. The brokerage, which cut its price…
Damac awards Park Avenue construction contract
Real estate developer Damac Properties awarded the main construction contract for the first phase of its shopping mall project “Park Avenue” at New Cairo, the firm said in a statement.…
Arafa Feb-July net profit jumps: bourse
Arafa Holding, Egypt's biggest garment exporter, posted an almost fourfold increase in net profit for the Feb-July period, the bourse said in a statement on Wednesday. The firm's net profit…
Sawiris says made bid for Wind Hellas
Egyptian telecoms tycoon Naguib Sawiris, owner of Weather Investments, said on Thursday he had put in a binding bid for Greece's Wind Hellas, his latest effort to keep control of…
Egyptian activists to protest for the release of Syrian blogger
CAIRO: Egyptian activists are organizing a demonstration outside the Syrian Embassy in Cairo on Sunday, protesting the nine-month detention of a 19-year-old Syrian blogger. Syrian security bodies summoned Tal El-Melouhy,…
Released activist says he was blindfolded, questioned on presidential campaigns
CAIRO: Shadi Al-Ghazaly Harb, former member of the Democratic Front Party and assistant professor of General Surgery at Cairo University was released on Wednesday by Egyptian authorities after around 34…
Zamalek players unfazed by board turmoil
CAIRO: Zamalek trio Hani Saied, Mahmoud Fathallah and Hassan Mostafa reflected the squad's cool reaction to the recent unrest concerning the club's board. The Zamalek board, led by Mamdouh Abbas,…
Zamalek’s Abdul-Wahed fears for Egypt place
CAIRO: Zamalek keeper Abdul-Wahed Al-Sayed hopes to complete a loan move to Masri to retain his place in Egypt's squad. The 33-year-old lost his regular Zamalek place, which he occupied…
Ahly postpone contract talks with Fathi and Ashour
CAIRO: Ahly have postponed contract talks with midfield duo Ahmed Fathi and Hossam Ashour until after the CAF Champions League, the club's football director said on Wednesday. The contracts of…