Faisal Islamic Bank to pay cash dividend
Faisal Islamic Bank of Egypt approved a dividend of LE 1.646 ($0.299) per share for stocks issued in Egyptian pounds and $0.3 for stocks issued in dollars, the stock exchange…
Egypt 'key driver' for oil and gas
US oil and gas explorer Apache announced its latest discovery in the Faghur Basin in the Western desert of Egypt encountered 105 feet of net hydrocarbon pay. Apache Corp. announced…
Sea Dragon raises bought deal offering to C$57 mln
Canadian oil explorer Sea Dragon Energy Inc raised its bought-deal size to C$57 million ($55.8 million) as it plans to sell C$12 million more shares to the underwriters. The company…
Apache's Egypt well shows positive results
Apache Corp. (APA) said Thursday that the West Kalabsha I-1X well in Egypt's Western Desert showed encouraging results when tested. The well, located in the Faghur Basin exploration area, had…
NSGB to pay cash dividend
Egypt's National Societe Generale Bank (NSGB), Egypt's fourth-biggest bank by assets, approved a dividend of LE 1.25 ($0.2) per share, the stock exchange said on Sunday. The dividends will be…
Egypt: Growth impetus
CAIRO: One of the potential winners of the global financial crisis, Egypt has maintained a relatively high level of income from Suez Canal and tourism receipts, spurring a GDP growth…
Emerging markets will drive growth, says expert
CAIRO: Emerging markets will be the main drivers of economic growth for the next five years, according to Robert Parker, vice president of asset management for Credit Suisse. “Not that…
Electric fire destroys Al-Hadari's apartment
CAIRO: An electric fire caused Essam Al-Hadari's house to be badly damaged but no one was hurt. The Egypt and Ismaili goalie wasn't at home when the apartment caught alight,…
Shehata seventh on 'most influential Arabs' list
CAIRO: Egypt coach Hassan Shehata has been placed seventh in the annual list of the world's most influential Arabs compiled by Arabian Business magazine. Shehata made the 100-man list after…
Mido explains missed chance to Zola
CAIRO: Mido could not open his West Ham account against Stoke City despite having the goal at his mercy as his side eventually lost 1-0 in Saturday's Premier League game.…
