NSGB H1 net profit jumps 62 percent
CAIRO: Egypt s National Société Générale Bank said on Thursday first-half net profit rose 62 percent to LE 549.4 million ($103.1 million). Mohamed Mansour, head of performance analysis at the…
Telecom Egypt says Q2 profit jumps on mobile revenue
CAIRO: Telecom Egypt beat second-quarter forecasts to post its fifth-largest quarterly profit on record on Thursday helped by its stake in mobile phone operator Vodafone Egypt. Egypt s monopoly fixed-line…
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 &…