US finds reassurance in Egypt’s peaceful voting
WASHINGTON: The Obama administration offered tempered praise this week as millions of Egyptians cast ballots in an election likely to be the country's freest and fairest ever — a vote…
Analysis: Egypt’s Brotherhood feels its time has come
By Tom Perry and Edmund Blair / Reuters CAIRO: After waiting 83 years, the Muslim Brotherhood finally senses a chance to be at the centre of how Egypt is governed and…
Political parties hail smooth voting process
CAIRO: Political parties and parliamentary candidates lauded the smooth voting process in the elections’ first phase, that quelled expectations of thuggery and violence. Some voters headed to the polls bracing…
Investors remain wary of Egypt’s stock market
DUBAI: Egypt's benchmark share index has been on a rollercoaster ride, plunging to a two-year low on Wednesday last week before rebounding 12 percent from that low as the initial…
Egypt mobile phone Aug subscriptions up 28 pct
CAIRO: The number of mobile phone subscriptions in Egypt grew 28.4 percent from a year earlier to 78.99 million as of August, government figures showed on Thursday. In July the…
Suez Canal says to raise fees 3 pct in 2012
CAIRO: Egypt's Suez Canal Authority said on Thursday it would raise toll fees for all vessels passing through the strategic waterway by 3 percent starting March 2012, saying tariffs had…
Citadel plans $200 mln power plants in Uganda
NAIROBI: Egyptian private equity firm Citadel Capital plans to invest up to $200 million in setting up power plants in Uganda in the next two years, a senior company official…
Egypt’s new PM to hold finance portfolio too: paper
CAIRO: Egypt's new prime minister, Kamal El-Ganzoury, may also hold the finance portfolio in the new Cabinet, the website of a leading newspaper reported on Thursday. Egypt's economy has…
Army official sees Egypt foreign reserves plunging
CAIRO: Egypt's foreign reserves will plunge by a third to $15 billion by the end of January and the budget deficit will grow, possibly leading to a review of sensitive…
Kraft Foods’ organic revenue growth boosts Q3 results
CAIRO: Kraft Foods Inc. saw an 11.5 percent increase in net revenues in the third quarter, reaching $13.2 billion, according to a statement. Kraft Foods, which has four production plants…