Egyptian Resorts posts full-year loss of $1.2 mln
By Reuters CAIRO: Real estate company Egyptian Resorts posted a narrower full-year loss, helped by new revenue from its Sawari project on the Red Sea. Egyptian Resorts said on Sunday it…
Ericsson’s MidEast head sees opportunities in Egypt
By Reem Abdellatif CAIRO: Ericsson’s Middle East president said Sunday the company plans to continue focusing on the needs of Egypt’s “network society,” as the country continues working through a bumpy…
Egypt index slumps, led by real estate
By Reuters CAIRO: Egypt's main index declined 2 percent, led by real estate stocks after the 2011 results of property developer Egyptian Resorts disappointed the market, traders said. The real…
Sudan sugar maker Kenana plans Hong Kong IPO
By Alexander Dziadosz / Reuters KHARTOUM: Kenana, Sudan's biggest sugar company, is planning to raise $200 million listing a quarter of its shares in Hong Kong in December, to finance new…
Copts prepare to bury Pope Shenouda
By Christophe de Roquefeuil / AFP CAIRO: Thousands of grieving Egyptian Copts streamed into St Mark's Cathedral in Cairo on Sunday to catch a last glimpse of their spiritual leader Pope…
Russian opposition enraged at smear documentary
By Maria Antonova / AFP Activists in Russia's protest movement against Vladimir Putin on Friday furiously criticized a documentary aired on a national channel that claimed the opposition bribed people to attend…
PE firm Abraaj set for more deals, eyes India
By Sitaraman Shankar and Dinesh Nair / Reuters DUBAI: Abraaj Capital, the Middle East's largest private equity firm, is set to unveil more deal-making soon and plans a major push into…
Horse racing drama ‘Luck’ proved too real for HBO
By Lynn Elber / AP Horse racing has long withstood the deaths of its skittish, injury-prone thoroughbreds. Hollywood proved it lacks the stomach for it. HBO abruptly canceled its racetrack drama…
US poised to OK Egypt aid despite concerns
By Matthew Lee / AP WASHINGTON: The Obama administration is preparing to approve the release of at least a portion of $1.5 billion in aid to Egypt despite concerns that Cairo…
Puremovement stops in Egypt for a week of hip hop mania
By Maha ElNabawi The worlds of hip hop music and dance merged into a melody of artistic expression last week when the internationally acclaimed Rennie Harris Puremovement Dance Company (RHPM) visited…