Ezz Steel says H1 net profit drops 79 pct
CAIRO: Ezz Steel, Egypt's biggest steelmaker, posted a 79 percent drop in first-half net profit as it set aside a potential tax liability to cover measures introduced by the government…
Eastern Company plans to double capital
CAIRO: Egyptian cigarette monopoly Eastern Company's board has sought approval to double its capital by distributing free shares. Eastern said on Thursday it would distribute one share for every one…
Lawmaker urges US pursue trade pact with Egypt
CAIRO: A top Republican lawmaker urged President Barack Obama's administration on Wednesday to pursue trade talks with Egypt to help shape the nascent democracy after a tumultuous year. "Engagement is…
Is ‘Buy Egyptian’ enough to alleviate economic pains?
By Amir Makar CAIRO: In a move to push consumers to buy Egyptian products, companies, manufacturers and service providers issued advertisements for discounts on sales on Dec. 16 as part of…
Trade minister heads Egypt delegation to WTO conference
CAIRO: Egypt’s Trade Minister Mahmoud Essa will head an Egyptian delegation to the ministerial conference of the eighth World Trade Organization (WTO) in Geneva. At the conference, which takes place…
Egypt’s seculars desperate to balance Islamists
CAIRO: Overwhelmed by Islamists in parliamentary elections, the secular and liberal youths who were the driving force behind Egypt's uprising are scrambling to ensure their voices are not lost as…
Violations turn violent in second round of elections
CAIRO: Electoral violations that were mainly limited to campaigning outside polling stations in the first round took a violent turn on the first day of the second round, leaving one…
Palestinian film ‘Habibi’ wins best Arab film at Dubai fest
Dutch-Palestinian production “Habibi Rasak Kharban” won the Muhr Arab Feature award at the eight Dubai International Film Festival, ending a stellar edition marred by an otherwise weak Arab features selection.…
Egyptians head to polls again in landmark election
CAIRO: Egyptians headed to the polls again on Thursday in a phased election to choose the first post-revolution parliament, as liberals faced an uphill battle to compete with Islamist parties.…
Army drafts rules for president vote, says agency
CAIRO: Candidates seeking to run in Egypt's presidential election will need the support of 30 members of parliament or 30,000 citizens, according to a draft of a presidential election law,…