Hellenic Petrol wins Egyptian energy acreage
ATHENS: Greek oil company Hellenic Petroleum said on Tuesday it had won a tender to explore for natural gas and oil in Egypt. State-owned Egypt General Petroleum Corporation informed us…
CIB Q1 2006 net profit up 31 percent
CAIRO: Egypt s biggest private bank, Commercial International Bank, increased its first-quarter net profit 31 percent to LE 187.56 million ($32.56 million), the bank reported on Wednesday. Net profit for…
Interbank rate up at 8.35 percent
CAIRO: The median overnight interbank rate on the pound rose to 8.35 percent on Wednesday from 8.255 percent on Tuesday with a central bank auction drawing some funds from the…
Mubarak says Palestinians need to close ranks
CAIRO: President Hosni Mubarak urged Palestinian factions to unite in a common bloc to resume peace talks with Israel, in an interview published Wednesday. Egypt is engaged in consultations with…
Thousands protest on highway against lack of traffic regulations
CAIRO: Thousands of angry Egyptians blocked a highway north of Cairo Wednesday, burning tires and debris, after a speeding car struck a cyclist.The cyclist, Bakri Gomaa, was moderately injured in…
Prominent editor discusses evolution of the Arab world
CAIRO: With unrest spreading throughout the Arab world, many have been attempting to find solutions to the issues presenting themselves on a daily basis. Whether it is politicians, businesspeople or…
Brotherhood speaks out on renewal of Emergency Laws
CAIRO: Mass arrests targeting Muslim Brotherhood members coupled with the renewal of the Emergency Laws have left Brotherhood leaders angry and speculating on a "conspiracy against Islamists in general and…
U.S. "disappointed" by renewal of Emergency Law
WASHINGTON: The United States on Tuesday strongly criticized Egypt s decision to approve a two-year extension of the Emergency Law President Hosni Mubarak slapped on the country 25 years ago…
Doing business with Australia 101
CAIRO: Businesspeople looking for investment opportunities in Australia, trying to locate the most suitable Australian exporters, or simply exploring the option of doing business with the country, gathered together yesterday…
Bird flu back in the spotlight
CAIRO: Egypt reported a new human case of the H5N1 strain of avian influenza Wednesday, bringing to 13 the total number of Egyptians who have been infected by the deadly…