Lecico posts 25 pct rise in Q1 net profit
CAIRO: Ceramics company Lecico Egypt said improved volumes in the sanitary ware segment was the main driver of a 25 percent rise in first-quarter earnings. Profit rose to LE 26.9…
Egypt cbank leaves key interest rates steady
CAIRO: Egypt's central bank kept its key overnight interest rates unchanged on Thursday, its fifth pause since it stopped lowering rates in September, the central bank said on its website.…
Egypt's Raya to pay higher dividend, says stock exchange
CAIRO: Egypt's Raya Technology and Communication will pay a cash dividend of 0.25 Egyptian pounds per share, the stock exchange said on Thursday, up from LE 0.21 the year before.…
Oil falls towards $79, euro zone debt in focus
LONDON: Oil fell towards $79 a barrel on Thursday, after earlier hitting a nine-week low as fears a Greek-style debt crisis may spread to other European nations raised uncertainty over…
In two minds about Zweiland
Dance performance “Zweiland” — meaning “Twin Lands” — would definitely have had more resonance in Berlin where it was first staged in 1997. Since then, it has made its run…
Zamalek scuppering my World Cup chances: Ghana's Ayew
CAIRO: Zamalek are scuppering Ibrahim Ayew's chances of earning a Ghana call up for the summer's World Cup finals in South Africa, the versatile midfielder said on Wednesday. Ayew has…
Fathi out of Ahly's crucial Champions League clash
CAIRO: Ahly will have to do without versatile midfielder Ahmed Fathi when they face Libya's Ittihad in Sunday's crucial Champions League clash at Cairo Stadium. The Egyptian international, one of…
Egypt launches first Arabic domain name, says ministry
CAIRO: Egypt's Communications Ministry said on Thursday it had launched the first Internet domain name using Arabic letters to try to boost e-services and the number of people online in…
Egypt's oldest club relegated to third division
CAIRO: Egypt's oldest club Railways were relegated to the third division after suffering a 3-1 defeat by Dakhlia on Wednesday. Railways, which were founded in 1903, are languishing at the…
Gaza's new killers, generators leave over 100 dead
GAZA CITY: In war-scarred Gaza, generators are the latest killer, blamed for the deaths of more than 100 Palestinians. Frequent and lengthy power cuts have fuelled a rush on the…