Mobinil Q1 net income rises 28 percent
Egyptian mobile phone operator Mobinil said on Sunday first-quarter net income rose 28 percent to LE 397 million ($69.9 million) from LE 311 million a year earlier.Earnings before interest, taxes,…
Abu Dhabi Islamic to Consider Egypt Bank Takeover
Abu Dhabi Islamic Bank (ADIB) said its board of directors will meet on Wednesday to discuss acquiring Egypt s National Bank for Development (NBD).ADIB directors will also consider the establishment…
Egypt stocks up on housing, real estate prices
CAIRO: Egyptian stock prices rose on Monday with continuing interest in the housing and real estate sector because of high prices at a government land auction. Ezz Steel, the most…
Palestinian protesters storm Egyptian diplomatic mission in Gaza
GAZA: Angry demonstrators rushed into the Egyptian Embassy in Gaza City on Monday, demanding that Egypt release five Palestinian men in Cairo jails.The outburst underlined tensions over Egyptian mediation efforts…
BBC journalists in Cairo rally for release of kidnapped reporter in Gaza
Associated Press CAIRO: British Broadcasting Corp. correspondents rallied here Monday demanding the release of their colleague who was kidnapped by Palestinian gunmen seven weeks ago in the Gaza Strip.About 40…
Forty-nine countries confirm Iraq conference attendance
Egypt to propose an Iraq cease-fire at this week s conferenceCAIRO: Forty-nine countries have confirmed they will attend a conference on Iraq in Egypt on May 3-4, the official Mena…
Al-Jazeera producer gets six months
CAIRO: The Nozha Misdemeanour court, yesterday, meted out a six-month prison sentence with labour, a fine of LE 20,000 and bail of LE 10,000 to Howayda Taha, the Al Jazeera…
Upcoming Iraq summit shows schism between Arabs and Shia government
CAIRO: An Arab-backed Egyptian proposal calling for a three month cease-fire between Sunni insurgents and Shia factions in Iraq to be tabled at the upcoming Iraq security conference in Sharm…
Two Brotherhood parliament members detained at Menufiya
CAIRO: On Monday April 30, the Supreme Security Prosecutor s office started its investigations into Sabry Amer and Ragab Abu Zeid, two parliament members affiliated with the illegal group the…
Middle East expert Robert Springborg talks protest in Egypt
CAIRO: Renowned academic and director of the London Middle East Institute at the School of Oriental and African Studies (SOAS), Robert Springborg gave the keynote address at the American University…