Prices rising daily but remain within limits, says government report
CAIRO: “Prices will not rise in Ramadan”, Said Alfy, head of Egypt’s Consumer Protection Agency, promised the public before the Muslim holy month. Four days into Ramadan and it’s a…
22 pct unemployment among Egyptian youth, says study
CAIRO: The unemployment rate among youth has reached 22 percent in 2009, with 47.2 percent among women and 13.7 among men, according to a recent government study. The Central Agency…
Egypt’s EFG-Hermes H1 net profit rises 83.2 pct
CAIRO: Egyptian investment bank EFG-Hermes posted a 83.2 percent increase in first-half net profit to LE 580 million ($101.7 million) on Sunday. The firm, Egypt's largest listed investment bank, made…
Egypt’s Pioneers H1 net plunges 86.5 pct
CAIRO: Egyptian financial services firm Pioneers Holding posted an 86.5 percent decline in H1 net income to LE 10.5 million ($1.84 million), the stock exchange said on Sunday. Net income…
Egyptian Resorts H1 net drops, no land sales
CAIRO: Real estate firm Egyptian Resorts' net profit plunged by more than 90 percent in the first six months of 2010, the bourse said on Sunday, after the company failed…
Egypt’s banking is ‘solid’ but MFIs are lacking, says new Oxford Business Group report
CAIRO: “Egypt’s economy managed to pull through the global economic crisis with only minor bruises,” says the latest Oxford Business Group (OBG) annual country report on Egypt. The report says…
Jordan sends aid to Pakistan
AMMAN: A Jordanian plane carrying 3.5 tonnes of food and medical supplies left for Pakistan on Sunday to help aid millions of people hit by devastating floods, an official said.…
Landmark anti-shooting wall razed on Jerusalem outskirts
JERUSALEM: Israeli troops on Sunday began demolishing a huge concrete wall erected nine years ago to prevent shooting attacks towards Gilo, a Jewish neighborhood in occupied east Jerusalem. Soldiers wearing…
Nine killed in Iraq attacks, officials
BAGHDAD: A series of roadside bombs and shootings killed nine people, including two policemen and three worshippers, in and around Baghdad on Sunday, security officials said. Twenty people were also…
Al-Qaeda leader says Turkey kills Muslims
CAIRO: Al-Qaeda's No. 2 offered his condolences for the nine Turkish pro-Palestinian activists killed in a confrontation with Israeli commandos, but slammed the Turkish government for its support of Israel,…
