Nasr City full-year net profit down 25 pct
Egyptian developer Nasr City Housing posted a 25 percent fall in full-year net profit, the bourse said on Tuesday. The formerly state-run company, now about 30 percent owned by Beltone…
Promising measures for Egypt’s market
CAIRO: The Egyptian Exchange 30 (EGX30), Cairo’s main stock market index, has had something of a volatile year in 2010, as it rallied through the first quarter, declined through much…
Egypt announces real estate tax exemptions
CAIRO: Egypt’s Real Estate Tax Authority has exempt 6 million people and 9 million units from paying property taxes this year, making up roughly 90 percent of the tax base,…
Surge in Ramadan consumption raises August inflation
CAIRO: Headline inflation in Egypt went up a small tick, from 10.7 percent to 10.9 percent for August, according to figures released by the state statistics agency CAPMAS. Meanwhile core…
Gov’t rejects splitting working hours; suggests relocations to ease Cairo traffic
CAIRO: The Ministry of Administrative Development criticized a proposal to split the working hours of government employees into morning and evening sessions to help ease Cairo’s heavy traffic, saying it…
Egypt court rejects TMG Madinaty appeals, shares fall
CAIRO: An Egyptian court upheld on Tuesday a ruling that threatens Talaat Moustafa Group's (TMG) flagship project on the outskirts of Cairo, sending shares in Egypt's biggest listed developer sharply…
May God help my players: Hassan
CAIRO: Zamalek boss Hossam Hassan has once again held the team players responsible for Monday's disappointing home draw with Gouna. Hassan blasted his men after last month's defeat at ENPPI…
Appeals court adjourns retrial of ex-deputy governor to July 21
CAIRO: Gammaliya and Manshiyet Nasser Misdemeanor Appeals Court Tuesday postponed to July 21 the retrial of former deputy governor of Cairo and seven other local officials charged with the involuntary…
FIFA keeps Shikabala’s ITC until further notice
CAIRO: FIFA will keep Shikabala's International Transfer Certificate (ITC) till it decides whether or not to punish the Zamalek schemer, according to the Egyptian FA. The 24-year-old risked a FIFA…
Ahly name three targets for January
CAIRO: Ahly marketing director Adli Al-Qaeyi named three candidates to join the Egyptian champions in the winter break. Even though they are set to retrieve the services of Egypt striker…