Telecom Egypt, Telecom Italia to offer joint bid for third mobile license
CAIRO: Telecom Egypt (TE) and Telecom Italia will submit a joint bid for Egypt s third mobile license, TE officials said on Tuesday. Telecom Egypt announced an agreement with Telecom…
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…