Mido could join Ajax for free
CAIRO: Mido could be earning no salary with Ajax if his impending move to the Amsterdam club was completed. "If he comes, it will cost us nothing. And people ask…
Ahly boss blames Kabylie fans, referee for loss
CAIRO: Ahly coach Hossam Al-Badri blamed his side's 1-0 loss at JS Kabylie on the home fans' misconduct and the referee who officiated Sunday's Champions League clash. "The pressure we…
ITFC funding $1.253 bln in trade operations
CAIRO: The International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank Group, said that it financed 36 trade operations at a total value of $1.253 billion…
No decision yet about Brotherhood’s stance on PA polls, says MP
CAIRO: The Muslim Brotherhood (MB) will call a meeting within a few days to make a final decision on whether the group will participate in the upcoming People’s Assembly (PA)…
Egyptian minister calls on Muslim tourists to flood Jerusalem
Egyptian Minister of Religious Endowments Mahmoud Hamdi Zaqzouq called on Muslims worldwide to visit Jerusalem and assert its Islamic identity. In an interview with the Arab daily A-Sharq Al-Awsat, Zaqzouq…
Investing in SMEs
The upcoming Euromoney Conference will, under the overall theme of investment competitiveness, focus on four areas of opportunity in Egypt: institutional investor development, infrastructure, renewable energy as well as small…
EFG-Hermes buys 65 pct in Lebanon’s Credit Libanais
CAIRO/BEIRUTL EFG-Hermes will buy a 65 percent stake in Lebanon's privately owned Credit Libanais for $542 million as the leading Egyptian investment bank sets out to diversify its business. EFG-Hermes…
Citigroup cuts Air Arabia price target
Citigroup cut its share price target and earnings estimates for UAE-based budget carrier Air Arabia, following a disappointing second quarter, and cited an expected fall in 2010 average ticket price.…
Sawiris, Vimpelcom close to signing term sheet-report
Telecoms group Vimpelcom Ltd and Egyptian tycoon Naguib Sawiris are close to signing a non-binding term sheet for the sale of Sawiris's holding company Weather Investments, Il Sole 24 Ore…
NBD first-half net loss widens 4.7 pct
The National Bank for Development (NBD) said its net loss widened 4.7 percent in the first half of the year, according to a statement published by the Egyptian stock exchange…