Suez Canal receipts slide to $410.2 million in September
CAIRO: Suez Canal revenues fell to $410.2 million in September from $436 million the previous month, according to a statement released by the Suez Canal Authority (SCA). Growth in revenues…
Vimpelcom CEO sees clarity on Djezzy in weeks
MOSCOW: The battle for control of Algerian telecoms business Djezzy will be over in weeks, and whatever the outcome, Russian group Vimpelcom expects its plan to buy billions of dollars…
Ekrami would settle for Egypt deputy role
CAIRO: Ahly keeper Sherif Ekrami stated that he wouldn't mind playing second fiddle to Egypt's first-choice guardian Essam Al-Hadari, unlike what Hassan Shehata had earlier claimed. When asked…
Rights group launches campaign against sectarianism
CAIRO: The Egyptian Initiative for Personal Rights (EIPR) announced on Sunday the launch of a campaign against sectarianism in Egypt under the slogan “We are all one in Egypt –…
Sawiris says to focus on humanitarian work, quit all executive roles
Egyptian billionaire Naguib Sawiris said late Saturday he has decided to quit all executive roles at his businesses and focus his time on humanitarian work after a $6 billion deal…
Monthly growth in NIR stable in September
Monthly growth in Egypt’s Net International Reserves (NIR) position remained relatively stable in September 2010, at $35.53 billion, remaining almost unchanged from August 2010’s level of $35.5 billion, Central Bank…
Egypt to offer licenses for 3 mln tons steel: papers
Egypt's government will launch a tender on Wednesday for licenses to produce 3 million tons of steel, requiring investments worth 3.2 billion Egyptian pounds, newspapers reported on Saturday. The month-long…
Egypt’s urban price inflation edges up to 11 pct
Urban consumer price inflation in Egypt crept higher in the year to September, the state statistics agency CAPMAS said on Sunday, but not as high as the consensus forecast of…
Zamalek’s Emam in fresh transfer request
CAIRO: Zamalek's double-minded wing-back Hazem Emam has called on the club on Saturday to let him join Saudi Arabian side Al-Faisaly. The talented but temperamental 22-year-old said he lost hopes…
Esperance vow to clamp down on rioters
CAIRO: Esperance vowed to clamp down on rioters after some of their fans caused unrest in the team's 2-1 African Champions League clash defeat by Ahly last week. Fourteen Esperance…