Entrepreneur Profile: SabryCorp makes inroads into nanotechnology
CAIRO: The Egyptian nanotechnology market is high risk, but is only matched by its business opportunities, Mohamed Abdel-Mottaleb, chairman of SabryCorp, told Daily News Egypt in an interview. Seeing Egypt…
OCI net profit up, nitrate fertiliser prices help
CAIRO: Orascom Construction Industries, Egypt's biggest listed builder and fertilizer maker, said second-quarter net profit rose 41 percent, helped by strong nitrate-based fertilizer prices. The company said on Monday it…
Pharos ups fair value estimate for Telecom Egypt
Pharos Research raised Telecom Egypt fair value estimate and kept a "buy" rating, saying the landline monopoly's first six months' performance surpassed expectations. The brokerage, which raised the fair value…
Bent’s late penalty stuns City
SUNDERLAND: Manchester City's early-season momentum was halted at Sunderland on Sunday as Darren Bent's last-gasp penalty gave the hosts a shock 1-0 win. Bent scored in stoppage-time after being fouled…
Banks vie to fund Egypt’s first nuclear project
A number of local banks plan to amend their credit policies in order meet the requirements to finance Egypt’s first nuclear project in Dabaa, reported Al-Masry Al-Youm. Hassan Abdallah, chief…
OCI sees strong Mideast infrastructure demand
Orascom Construction Industries, the biggest publicly traded builder, said it expects “strong demand” for infrastructure projects in the Middle East, especially after electricity blackouts in the region this month, Bloomberg…
More weapons and tunnels discovered near Gaza border
CAIRO: An additional five weapons’ caches were discovered in Sinai near the Gaza border Sunday — a day after police had seized six caches — and five tunnels beneath the…
Egypt’s Barclays sees 38 pct rise in H1 net profits
Barclays Bank Egypt posted a 38 percent rise in profits, registering LE 175 million compared to LE 126 million during the same period last year, the bank said in…
Egyptian activist nominated to position of UN Special Rapporteur on Torture
CAIRO: The United Nations (UN) Human Rights Council has selected prominent activist Aida Seif El-Dawla among four nominees for the position of the UN Special Rapporteur on Torture, the Egyptian…
Tut-tut: Security problems seen in Egypt’s museums
CAIRO: The Egyptian Museum houses some of the world's prized antiquities, including the gold mask of King Tut that draws millions of tourists a year. But it also has an…
