Egypt index bounces higher after Wall Street bailout
CAIRO: Egypt s main indexes ended sharply higher on Sunday, buoyed by sharp increases in heavyweight stocks after the US government announced a $700 billion bailout plan for Wall Street.…
Short-selling set to debut in Egypt as the West moves to curb it
CAIRO: Short-selling, one of the financial world s most widely-scrutinized practices, will begin in Egyptian markets over the next few days, according to officials at Misr for Central Clearing, Depository…
OCI says will buy back up to 5 pct of shares
CAIRO: The board of Orascom Construction Industries has approved the buyback of up to 5 percent of outstanding stock, the company said in a statement.The share buyback program would seek…
The shock of history: Roth remembers the 1950s
Philip Roth, 75 and the author of more than 20 novels, is thinking about a strange and distant era: his college years. I think that what happens is that as…
London exhibition shows Iraqi artists persevering
Iraq s artists give proof of their resilience despite the ongoing conflict in an exhibition that opened in London this week. Riding on Fire: Iraqi Art Under Occupation at the…
Gift goal takes Sfaxien back to top
SFAX: Title holders CS Sfaxien of Tunisia regained top spot in Group A of the African Confederation Cup with a 1-0 win over Harras Al-Hodoud of Egypt this weekend.The 26th-minute…
Contractors hand Ismaili first defeat
CAIRO: Arab Contractors came back from a two-goal deficit to beat 10-man Ismaili 3-2 at home as the Dervishes were handed their first League defeat this season.Ismaili looked as though…
Enyimba to face Ahly in Champions League semis
CAIRO: Enyimba will face Ahly in the CAF Champions semi-final as the Nigerian side finished second in Group B after an embarrassing 3-0 away defeat to Coton Sport.The visitors had…
No end in sight for Abo Fana agreement
CAIRO: The Abo Fana monastery agreement, which should have been signed on Wednesday, has once again been postponed after the Bishop of Mowas monastery, where it was to be signed,…
