EFG profit up 30 pct on investment banking
CAIRO: EFG-Hermes, Egypt s largest investment bank by market value, posted a 30 percent increase in second-quarter net profit as revenue from investment banking soared. The bank said first-half net…
Syria, Lebanon to negotiate border demarcation
DAMASCUS: Syria and Lebanon agreed Thursday to negotiate the demarcation of their border, a longtime demand of the Lebanese as they seek to normalize relations with their long dominant larger…
Mubarak to meet leaders of Saudi, Lebanon, Oman
CAIRO: President Hosni Mubarak is to meet the heads of state of Saudi Arabia, Lebanon and Oman over the next three days to discuss regional developments, the state-owned press reported.The…
Egypt mulls restoring Baghdad embassy
CAIRO: Egypt sent a delegation to Iraq this week to check the diplomatic compounds and examine the technical, managerial and security aspects of reopening an embassy in Baghdad.Cairo closed down…
INTERVIEW: Is there hope for the conflict-ridden Middle East?
WASHINGTON: Anthony H. Cordesman holds the Arleigh A. Burke Chair in Strategy at the Center for Strategic and International Studies in Washington. He has authored a wide-range of reports on…
Saudi, Egypt top capital raised in Mideast IPOs
CAIRO: The Middle East markets raised $4.72 billion from 13 IPOs in the second quarter of 2008 compared to $3.9 billion in the same period in 2007, said Ernst &…
Egypt, UAE Investors to trade stocks
CAIRO: In an important move Thursday, the Egyptian Capital Markets Authority and the Egyptian Stock Exchange approved a deal that will give Egyptian investors significant access to one of the…
Strong results help Egypt shares end losing streak
CAIRO: Strong corporate results helped Egypt's benchmark CASE 30 stock index snap a five-day losing streak to post the biggest single-day rise in two years on Thursday, brokers said.The index…
Bad display choices mar Safar Khan's summer collection
Zamalek is known for its elite collection of art galleries, compared to the rather contemporary galleries such as Townhouse and Artellewa that are more concerned with sales. These galleries include…
A question of honor
What would you do if you found out the girl you love is not a virgin? scriptwriter Amal Fawzy asks a university student in Cairo. "I would leave her, the…