Egypt stocks dip, profit-taking hits housing sector
CAIRO: A day after hopes for a real estate boom coaxed the market up, Egyptian shares dipped on Wednesday in a volatile market with the housing sector hit by profit-taking,…
EFG downgrades Arabia Cotton Ginning
CAIRO: Investment bank EFG-Hermes cut its long-term recommendation for Arabia Cotton Ginning to accumulate from buy on Wednesday, saying a share price rally had left the stock overvalued. EFG said…
Mortgaging wave of the future
Mortgage industry numbers up, but challenges persistThe mortgage industry reached LE 514 million ($89.4 million) in contracts as of June 2006, up from LE 15.8 million ($2.7 million) recorded in…
Police officer found guilty of abusing three judges
Human rights center says further investigation needed to uncover other violationsThe Sawasya Center for Human Rights and Anti-Discrimination issued a statement earlier this week announcing that a court ruling fined…
Intel's Core 2 Duo processor launched regionally
CAIRO: If you are still trying to figure out what the Pentium 4 sticker on your notebook means, forget about it; that kind of processor technology is history. The new…
Heavenly narrator turns book into poignant experience
CAIRO: Summer is a time for fun, the beach, plenty of sunshine, and some summer reading. But this summer, instead of reaching for some light, easy-read novel, pick up some…
Artists and performers take an intermission
Entertainment industry insiders rule out war's effect on summer music marketCAIRO: With the escalation of violence in Lebanon, a number of Lebanese artists have moved to Cairo, canceling their concerts…
Real estate pushes up Egyptian stocks
CAIRO: The promise of a real estate boom pushed Egyptian stocks up again on Tuesday but institutions remained highly selective in their buying, brokers said. Four housing companies - Shams…