Egypt's Arafa 2009 net profit $10.2 mln, says bourse
Arafa Holding, Egypt's biggest garment exporter, reported consolidated net profit for the year to end-January of $10.2 million, the firm said on Sunday. The company changed its financial year to…
Emaar Misr stresses its commitment to deadlines, external infrastructure
CAIRO: Emaar Misr, the wholly-owned subsidiary of global property developer Emaar Properties PJSC, announced that it would hand over residences and commercial properties in its developments in Egypt by the…
Egypt 182-day, 91-day T-bills average yield rises
The average yield on Egyptian 182-day Treasury bills rose to 10.306 percent at an auction on Sunday from 10.196 percent at last week's auction. The central bank accepted bids worth…
Kuwait Energy finds oil in Egypt's desert
Kuwait Energy Company said on Sunday it struck oil in a field in Egypt's Western Desert. The privately held company said in a statement the find in East Ras Qattara…
Egypt's Alcotexa sells 200 T cotton in past week
Egypt's Alexandria Cotton Exporters' Association (Alcotexa) committed to sell 200 tons of Giza 86 cotton in the week that ended on May 1, an Alcotexa official told Reuters on Sunday.…
Egypt's S. Valley Cement boosts capital for takeover
Shareholders in Egypt's South Valley Cement approved a LE 15 billion ($2.7 billion) capital increase to buy the owner of the Citystars mega-mall in Cairo, the cement firm said on…
Al Futtaim launches two new phases of Cairo Festival City at Next Move
CAIRO: With the opening of Next Move last week, Al Futtaim introduced two new phases of Cairo Festival City: Festival Living and the Business District. Stretching over 3 million square…
400 demonstrate for minimum wage near Cabinet
CAIRO: Over 400 people demonstrated for minimum wages near cabinet headquarters in Downtown Cairo amid heavy riot police presence. Protestors tried to break through the barrier set by riot police…
Foreign Ministry condemns killing of Egyptian in Lebanon
CAIRO: Foreign Ministry Spokesman Hossam Zaki condemned on Saturday the killing and lynching of Egyptian national Mohamed Selim Muslim in a public square in the village of Ketermaya south of…
Activists, MPs demand Netanyahu's arrest in Egypt
CAIRO: Members of the Kefaya Movement for Change along with members of Parliament filed a request to Public Prosecutor Abdel Meguid Mahmoud, for the arrest of Israeli Prime Minister Benjamin…