Egypt index follows world markets higher, OCI jumps
CAIRO: Egypt s main stock index jumped over 2.5 percent on Wednesday, following global markets higher, with strong gains in Orascom Construction Industries. Shares in heavyweight OCI surged 4.28 percent…
African Union, US condemn deadly attack in Egypt
ADDIS ABABA, WASHINGTON: African Union president Jean Ping and US officials have denounced the attack in Cairo that killed a French teenager and wounded 25 other people, most of them…
Fatah and Hamas 'break the ice' in Egypt
CAIRO: Palestinian rival groups Fatah and Hamas held a series of icebreaking meetings ahead of wider reconciliation talks aimed at repairing the gaping rift between the two groups, members said…
Experts debate validity of 'Correction Wave'
CAIRO: While reaching a consensus that the push for change has taken a socio-economic rather than a strictly political direction, Egyptian intellectuals, analysts and political activists are still debating the…
Israel's Livni warns of another Gaza operation
JERUSALEM: Foreign Minister Tzipi Livni on Wednesday warned that Israel would launch another military operation in Gaza if the alleged smuggling of arms from Iran to the territory s Hamas…
IN DEPTH: Savings and loans: A balancing act for Egypt's banks
Determining policies for saving and lending is proving to be a balancing act these days, and, at times, a game of patience in dealing with the financial crisis while maintaining…
It's high time for reform, say banking experts
Despite the air of uncertainty hovering over world markets, focusing on modernization and going forward with reform is the only route towards economic development in the region, experts said at…
Bank results roundup
The banking sector, which has been releasing its 2008 numbers over the past couple of weeks, has been showing mixed results. With earnings all over the map, the banks have…
Mobiserve managing to hold its own
As mobile phone and e-banking services prove more indispensable, service providers and maintenance companies find their businesses thriving even during financially troubled times.In Egypt, mobile phone operators continue building and…
BUSINESS BEAT: Liquidity in Egyptian banks still strong
The phrases "good news and "global economy are rarely found in the same sentence these days as world markets continue to plummet, companies continue to announce bankruptcy and more jobs…