MB questions role of gov’t officials as MPs
By Abdel-Rahman Hussein CAIRO: The Muslim Brotherhood (MB) has questioned the role of members of parliament and other government officials who are running in the People’s Assembly (PA) election in light…
Rights coalition might abstain from monitoring ‘rigged’ elections
By Heba Fahmy CAIRO: The Egyptian Coalition for Monitoring elections stated Tuesday that it will refrain from monitoring the elections if the government refuses to allow the supervision of civil society…
Opposition leaders announce plans to combat fraud in parliamentary elections
By Heba Afify CAIRO: Opposition leaders said they expected foul play in the upcoming parliamentary elections and outlined their strategy to counter it during a conference held on Monday under the…
Survey says 51 pct of Egypt organizations looking to hire
CAIRO: In Egypt, 22 percent of employers surveyed said that they would ‘definitely’ be hiring during the last quarter of 2010, alongside another 29 percent indicating that they would ‘probably’…
Oil price jumps after Libya talks of $100
LONDON: Oil jumped more than $1 per barrel on Tuesday after OPEC member Libya said oil producers would find prices of $100 a barrel more comfortable because of higher food…
PHD sponsors real estate summit
Egypt will host for the first time the Global Real Estate Institute (GRI) Summit for the Middle East and North Africa (MENA) on Nov. 4 in Sharm El-Sheikh, bringing together…
Arab Cotton Ginning begins new dividend policy
Arab Cotton Ginning Company (ACGC), Egypt’s biggest publicly traded textiles holding company, began implementing a new dividend policy “based on high and sustainable dividend yields,” the company said in…
Metlife completes Alico acquisition
MetLife, Inc. said this week that it has completed its acquisition of American Life Insurance Company (Alico) from American International Group, Inc. (AIG) for $16.2 billion, according to a statement.…
MSCC to open Nigeria branch
Egypt’s Mediterranean Smart Cards Company (MSCC), an electronic payment processing company, will open its first international branch in Nigeria, the firm announced at a recent conference. Hoda Shoukry, CEO…
Arafa to own 59 pct of shirt-making company
Arafa Holding will set up a new shirt-making company in which it will hold a 59 percent stake. Arafa’s board of directors approved establishing the company, to be called…