AUB offers to buy rest of Egyptian unit
Bahrain's Ahli United Bank said on Monday it will offer LE 37 Egyptian a share to buy out minority shareholders in its Egyptian subsidiary. In January, AUB raised its stake…
Female activists meet Kuwaiti ambassador about deported Egyptians
CAIRO: A group of seven activists met the Kuwaiti ambassador to Cairo Monday to discuss the situation of a group of 33 expatriate Egyptians summarily expelled from Kuwait earlier this…
Jordan's Cairo-Amman Bank Q1 profits rise 35.6 pct
Cairo-Amman Bank's first quarter net profits rose by 35.6 percent to 7 million dinars ($9.8 million) mainly boosted by strong retail business and prime corporate lending, its chairman said on…
Egypt bourse suspends Orascom Tel trade pending news
The Egyptian stock exchange has suspended trade on Orascom Telecom pending the firm's planned Tuesday announcement of material information, three traders told Reuters on Monday. The Cairo-based firm told the…
Lawyer calls for release of Sinai blogger Mosad Abu Fagr
CAIRO: Lawyer Amir Salem filed a complaint to the Prosecutor General Abdel Meguid Mahmoud Monday, to call for the release of Sinai activist and blogger Mosad Abu Fagr. Abu Fagr…
Consumer confidence down in Egypt, says report
CAIRO: Consumer confidence in Egypt fell by 0.7 index points in the first quarter of 2010, according to Bayt.com and YouGov Siraj’s recently released Consumer Confidence Index (CCI) survey. Consumer…
Rights group condemns gov't restriction on Al-Jazeera
CAIRO: An Egyptian NGO has condemned restrictions placed on Al-Jazeera news channel by the government. The Arab Network for Human Rights Information (ANHRI) said in a statement issued Sunday that…
Shell says Middle East needs to solve "gas puzzle"
KUWAIT: The Middle East needs to solve the conundrum which leaves it sitting on 40 percent of the world's gas reserves and yet suffering from a supply shortage, a senior…
New diplomats' village at Emaar's Mivida
CAIRO: Emaar Misr, the wholly owned subsidiary of UAE-based Emaar Properties, unveiled a residential village for Egypt’s diplomatic community in its Mivida development, according to a statement. Located in New…
Syria gives EFG-Hermes investment banking licenses
CAIRO: Syria has given investment banking licenses to a Syrian unit that EFG-Hermes is setting up, the Cairo-based investment bank said on Monday. The licenses are for advisory and corporate…