Egyptian paintmaker Pachin’s profit up 17 percent
Egyptian paintmaker Pachin said on Monday that profit after taxes rose 17 percent in the July-Sept quarter. Profit rose to LE 63.7 million ($11.2 million) from LE 54.3 million a…
Heliopolis Housing net jumps almost 30 pct
Egyptian property developer Heliopolis Housing's net profit for the July-September quarter jumped nearly 30 percent, the country's stock exchange said on Sunday. The mostly state-owned firm, once one of Egypt's…
Egypt’s 2010 tourist arrivals at 14 mln until October
The number of tourist arrivals to Egypt has reached 14 million in the year to October 2010, and the tourism sector is expected to see annual growth of not less…
Amer Group to launch IPO: paper
Egyptian real estate firm Amer Group expects to raise $300 million through an initial public offering and a private placement before the end of November, a newspaper reported on Sunday.…
Chinese director defends break from art-house
A Golden Lion-winning Chinese director best known for portraying working-class struggles defended on Saturday his decision to try his hand at commercial cinema as he prepares to make his…
Garcia Marquez publishes book, finishes new novel
Colombian author and Nobel Prize winner Gabriel Garcia Marquez is putting the finishing touches on a new novel and is about to publish his first book in six years, his…
La danse: An enticing look at the world of ballet
From Frederick Wiseman, a veteran American filmmaker and producer of documentaries about institutions and their human dynamics, comes an opulent new film entitled “La danse: Le ballet de l'Opéra de…
Historic Egypt retail chain bought for $55 million
CAIRO: Egypt's Arabiyya Lel Estithmaraat investment firm said on Sunday it agreed to pay LE 320 million ($55.4 million) for a majority stake in the historic Omar Effendi department store…
Thousands of Americans rally to ‘restore sanity’ with Stewart and Colbert
WASHINGTON, D.C.: Tens of thousands of Americans descended on the US capitol on Saturday to demonstrate their support for moderation in American political discourse. The event, named “The Rally to…
‘Road to Hope’ aid convoy waits for Egypt permission at Libyan border
CAIRO: The humanitarian aid convoy, Road to Hope, has been held at the Libyan-Egyptian border for the past four days as it awaits permission from Egyptian authorities to enter Gaza…