Mobinil leads telecom surge, Egypt shares gain
CAIRO: Shares of Mobinil, Egypt s largest mobile firm, surged 20 percent on Monday, leading a telecom rally after a court ruling that Mobinil shares should be sold to France…
Court orders Mobinil sale to France Telecom
CAIRO: France Telecom has prevailed in an arbitration dispute with Egyptian telecom giant Orascom Telecom in a ruling that could force the Paris-based firm to launch a takeover bid of…
Global crisis has silver lining for IMF
WASHINGTON: From the ashes of global prosperity the International Monetary Fund emerged last week as the bulwark against the economic crisis, its role and finances heavily bolstered by world leaders.The…
Obama declares US not at war with Islam
ANKARA: Barack Obama, making his first visit to a Muslim nation as US president, declared Monday the United States is not and will never be at war with Islam. Calling…
Ambivalence over April 6 strike as police goes on alert
CAIRO: Hours before its "day of anger , the April 6 Youth Movement has issued a statement which it encourages people to spread by throwing it off buildings and bridges,…
Arrested girls not released despite bail,while supporters remain in custody
KAFR EL-SHEIKH: The Kafr El-Sheikh prosecution office has ordered the release of two student activists of the April 6 Youth Movement, Sara Rezk and Omenya Taha, on bail, while a…
New Coalition for Change kicks off on eve of April 6 strike
CAIRO: As most opposition movements and groups prepared for a "general day of anger today, notable public figures gathered at the headquarters of Al Karama party on Saturday to initiate…
Brotherhood MPs boycott Nazif speech
CAIRO: The Muslim Brotherhood's parliamentary bloc boycotted Prime Minister Ahmed Nazif's speech Monday at the People's Assembly (PA) in solidarity with the April 6 movement strike. Hussein Ibrahim, head of…
Citadel subsidiary launches "distressed" SME fund
CAIRO: While it is billion-dollar deals that have garnered private equity managers their reputations as masters of the universe, not all of them are thinking quite so large. Sphinx Private…
Ministry of Finance introduces electronic pension cards
Cairo: The Ministry of Finance is set to introduce a system to facilitate the electronic payment of pensions nationwide over the coming year, following a successful trial program at three…