Dana Gas hires advisers for convertible sukuk
DUBAI: UAE energy group Dana Gas said it had appointed an international firm to advise on its $920 million convertible sukuk maturing in October, adding it would continue to meet…
Troops clash with Tuareg rebels in northern Mali, say witnesses
BAMAKO: Fighting erupted Tuesday in northern Mali between government troops and a group of Tuareg rebels vying for control of the town of Menaka, witnesses said. An official with a…
Wikipedia to be blacked out over anti-piracy bill
PORTLAND, Oregon: Wikipedia will black out the English language version of its website Wednesday to protest anti-piracy legislation under consideration in Congress, the foundation behind the popular community-based online encyclopedia…
Flat6Labs graduates five Egyptian technology startups
CAIRO: Inspired by his father’s illness, Mostafa Nageeb, CEO of Ekshef.com, created Egypt’s first online directory where patients can search for doctors and book their appointments in minutes. “A few…
Telecom Egypt plans dividend on deferred profits
CAIRO: Landline monopoly Telecom Egypt plans to issue a dividend of 30 piasters per share on deferred profits, the company said in a statement via the stock exchange on Tuesday.…
Ezz Steel pulls Egypt index higher
CAIRO: Egypt's main index gained 1.2 percent, with Ezz Steel continuing to rally after newspapers reported last week it had resolved a dispute over licenses for two of its factories,…
IMF says Egypt talks to take 2-3 months
CAIRO: Egypt's negotiations for financial assistance from the International Monetary Fund (IMF) will take two to three months as the two sides work out technical details and how to bring…
Egypt asks IMF for $3.2 bln in support
CAIRO: Egypt has asked the International Monetary Fund for $3.2 billion in support, a government minister said on Monday, as the country's interim Cabinet seeks to fill a budget gap…
Case to stop use of live ammunition adjourned to Feb. 28
CAIRO: The Cairo Administrative Court adjourned to Feb. 28 a case filed to annul the Minister of Interior’s decree 156 to for the year 1964, which allows the use of…
Egypt on list of African Cup absentees
JOHANNESBURG: African Cup leading scorer Samuel Eto'o tops a list of high-profile absentees at this year's tournament after former winners Cameroon, Egypt, Nigeria and South Africa all surprisingly missed out…