Olympic swings to first-half loss
CAIRO: Egyptian appliance maker Olympic Group posted a first-half net loss of LE 39.1 million ($6.6 million), the firm said in a statement on Monday. Olympic, which said it was…
Info2cell launches TV guide website in MENA
CAIRO: Info2cell.com, a mobile service application provider in the Middle East, launched 3ala TV (www.3alatv.com), an interactive TV guide website where users can find selected TV channel schedules and information…
Lecico sees ‘worst’ year after Q2 net fall
CAIRO: Egyptian ceramics firm Lecico warned 2011 may be its "worst" year yet after second-quarter net profit plunged 80 percent due to weaker demand in European export markets following political…
Post-revolution downturn takes toll on Telecom Egypt
CAIRO: Land-line monopoly Telecom Egypt posted a 15 percent drop in second-quarter net profit, blaming a depressed economic climate after president Hosni Mubarak was ousted in February. Telecom Egypt reported…
Egypt sees apparent surge in May imports
CAIRO: While the total value of Egypt’s imports shot up by LE 34.08 billion, roughly $5.72 billion, in May alone, experts point out that a “synthetic” increase shouldn’t be taken…
ASEC signs contracts for three cement plants
CAIRO: ASEC Engineering, a portfolio company of ASEC Holding, signed three five-year renewable contracts to provide technical management services for cement plants in Qena, Beni Suef and Assuit, according to…
Libyan interior minister arrives with family in Egypt
CAIRO: Libyan Interior Minister Nasser Al-Mabrouk Abdullah flew to Egypt with members of his family on Monday, official sources at Cairo airport said, amid reports that he was abandoning Libyan…
Mubarak trial adjourned to Sept. 5; no longer televised
CAIRO: In the second hearing of the trial of ousted president Hosni Mubarak, the judge adjourned the case to Sept. 5 where it will join that of former interior minister…
Israel ‘approved extra 1,000 Egyptian troops in Sinai’
JERUSALEM: Israeli premier Benjamin Netanyahu approved an Egyptian request to increase its number of troops in the Sinai Peninsula in order to "restore order" in the region, public radio said…
Lawyer calls to separate murder from corruption charges in Mubarak trial
CAIRO: The trial of former president Hosni Mubarak and his two sons resumed on Monday at the Police Academy, as the civil rights team called for separating the corruption chargers…
