Mideast M&A drops in Q1, Egypt active: E&Y
Mergers and acquisitions values in the Middle East and North Africa fell 59 percent in the first quarter, but Egypt bucked the trend and is expected to remain active, an…
HDB first quarter profit tumbles
Egypt's Housing and Development Bank's (HDB) first quarter net profit tumbled 45 percent from the same period a year earlier, the bourse said on Monday. The firm made a consolidated…
Piraeus Bank Egypt raising capital by 35 mln euro
Piraeus Bank Egypt is to increase its capital by €35 million ($43 million) to expand its credit portfolio. The bank, almost fully owned by Greek group Piraeus Bank, will raise…
Orascom Tel down, investors seek deal news
Shares in Orascom Telecom (OT) ended down 4.4 percent, dumped by investors seeking updates on any other possible suitors after talks to sell assets to South Africa's MTN collapsed. "OT…
No more tomorrows for Orphan Annie comic strip
Little Orphan Annie, the plucky redheaded star of Broadway musical and comic strip fame, has run out of tomorrows — at least in print. The pop culture icon who sang…
Film stars captivate and capture Tonys
If you weren't watching the Tonys too carefully, you would have thought they had turned into the Oscars. Sunday's show was a night for celebrities and for the meaning of…
Artbeat goes to Minya
After a series of successful events in Cairo, the Artbeat Festival moved to Minya earlier this week. Acts from Germany (Robert Fischer and Zaebo), Spain (La Banda del Pepo) and…
Congo and Burundi expected to sign new Nile water treaty
CAIRO: Burundi and the Democratic Republic of Congo (DRC) are expected to sign the Nile Cooperative Framework Agreement that Egypt and Sudan are opposed to and have refused to recognize.…
Farah Pandith in Egypt to build on Obama's US-Muslim relations pledge
CAIRO: Special Representative to Muslim Communities for the United States Department of State Farah Pandith arrived in Egypt Tuesday to build on President Barack Obama’s Cairo speech last year, the…
Oil above $75; Asian demand offsets Greece downgrade
SINGAPORE: Oil held steady above $75 on Tuesday as prospects for rising demand in emerging economies offset concern about the impact of Europe's debt crisis. Spain admitted on Monday that…