Euromoney conference zeroes in on Egypt's insurance industry
CAIRO: The future of Egypt’s insurance industry comes into focus today at the second annual Euromoney Egypt Insurance Conference. Organized by the Insurance Federation of Egypt and Euromoney, the conference…
Pioneers' 2009 net income falls 62 percent
Pioneers Holding's 2009 net income fell 62 percent to LE 105.7 million ($19.22 million), the stock exchange said on Monday. Net income at the financial services firm was LE 276.0…
HC Research cuts Air Arabia to hold
HC Research cut UAE-based low-cost carrier Air Arabia to "hold" from "buy," citing yield pressures due to excess capacity and competition at a time of rising fuel costs. Despite robust…
Eastern signs agreement with Jordan's Tag
Egyptian cigarette monopoly Eastern Company has signed an agreement with a Jordanian firm to produce, market and distribute Eastern's products in Jordan, Egypt's bourse said on Sunday. Eastern will supply…
Egypt sees $40 bln in farm investment over 20 yrs
Egypt's agriculture minister expects LE 220 billion ($40 billion) to be invested in the country's agriculture over the next 20 years, the daily Al-Alam Al-Youm reported on Sunday. The projected…
Sinai Cement to pay cash dividend
Sinai Cement approved a dividend of LE 4 ($0.727) per share, the stock exchange said on Sunday. The dividends will be paid on April 12, the firm's statement to the…
Raya withdraws from telecom license bid
Egypt's Raya Technology and Communication is no longer interested in bidding for two licenses to supply cable, voice and internet services to residential compounds, Al-Mal newspaper reported on Sunday. The…
Al-Hadari set for Ismaili comeback
CAIRO: Essam Al-Hadari is expected to feature for Ismaili against Military Production in the Egyptian Premier League after opting against playing in the last three weeks. The 37-year-old took no…
Flavio won't hesitate on Ahly comeback
CAIRO: Angola and Shabab striker Flavio Amado said he would run back to Ahly if the Egyptian champions approached him in the near future. Flavio, who spent four glamorous seasons…
