Barakat recalled, Zaki out of Rwanda game
CAIRO: Egypt boss Hassan Shehata has named 23 players for the crucial World Cup qualifier against Rwanda next month.Ahly midfielder Mohamed Barakat made the list for the first time since…
News in brief
Orascom Telecom Q2 net up, markets still tough Egypt s Orascom Telecom on Tuesday posted second-quarter net profit up 38 percent at $111.8 million, the lower end of forecasts, and…
Barclays Bank Egypt net profits up 28.5 pct
CAIRO: Barclays Bank Egypt posted a 28.5 percent increase in net profits to LE 124.5 million in the first half of the fiscal year, versus LE 96.9 million during the…
Egypt index gains for fifth straight session
CAIRO: Egypt s benchmark index gained for a fifth straight session, up 1.4 percent in decent volumes as Sewedy Cables was boosted by a breach of resistance levels. More than…
One-way opening of Rafah crossing to continue today
CAIRO: The Rafah border crossing will continue to be open Thursday for the second day running for Palestinians returning to the Gaza Strip, with the crossing not opened in the…
AUB Egypt's net income rises
Ahli United Bank Egypt, a subsidiary of Bahrain's Ahli United Bank, posted a net income of LE 107.3 million for the first half of the fiscal year, a slight increase…
Egypt liquidity on the rise, says CBE
CAIRO: Domestic liquidity increased 6 percent during July and August from LE 45.8 billion to LE 812.4 billion, according to a report issued this week by the Central Bank of…
BUSINESS BEAT: Mobinil, NGOs launch Ramadan microfinance initiative
Mobinil, the leading mobile operator in Egypt by number of subscribers, recently launched a new initiative to support the budding microfinance sector in Egypt. Throughout the month of Ramadan, Mobinil…
Moody's ups Egypt rating to stable on healthy banking sector
Moody's Investors Service moved Egypt's sovereign ratings and ceilings back to stable from negative in a report issued last week. Moody's ratings reflect the rating agency's outlook on fundamental credit…
Comic artists defy Tehran with 'Persepolis 2.0'
Two Shanghai-based young Iranians are defying the Tehran regime with a reworked version of the award-winning graphic novel Persepolis, telling the story of Iran s bloody post-election uprising.Written by Iranian-French…
