Raya withdraws from telecom license bid
Egypt's Raya Technology and Communication is no longer interested in bidding for two licenses to supply cable, voice and internet services to residential compounds, Al-Mal newspaper reported on Sunday. The…
Sinai Cement to pay cash dividend
Sinai Cement approved a dividend of LE 4 ($0.727) per share, the stock exchange said on Sunday. The dividends will be paid on April 12, the firm's statement to the…
Egypt sees $40 bln in farm investment over 20 yrs
Egypt's agriculture minister expects LE 220 billion ($40 billion) to be invested in the country's agriculture over the next 20 years, the daily Al-Alam Al-Youm reported on Sunday. The projected…
Eastern signs agreement with Jordan's Tag
Egyptian cigarette monopoly Eastern Company has signed an agreement with a Jordanian firm to produce, market and distribute Eastern's products in Jordan, Egypt's bourse said on Sunday. Eastern will supply…
HC Research cuts Air Arabia to hold
HC Research cut UAE-based low-cost carrier Air Arabia to "hold" from "buy," citing yield pressures due to excess capacity and competition at a time of rising fuel costs. Despite robust…
Pioneers' 2009 net income falls 62 percent
Pioneers Holding's 2009 net income fell 62 percent to LE 105.7 million ($19.22 million), the stock exchange said on Monday. Net income at the financial services firm was LE 276.0…
Euromoney conference zeroes in on Egypt's insurance industry
CAIRO: The future of Egypt’s insurance industry comes into focus today at the second annual Euromoney Egypt Insurance Conference. Organized by the Insurance Federation of Egypt and Euromoney, the conference…
Reuters launches a gateway to Islamic finance
CAIRO: Thomson Reuters launched earlier this month a new service that caters to the Islamic finance industry, a gateway that provides up-to-date information on the market, services and sharia-compliant companies.…
France seeks electricity lines under Mediterranean: sources
PARIS: France is working on plans for a consortium of companies to build a vast network of undersea electricity lines to bring solar power from Africa to Europe, sources close…
