Admin Court lifts bar on ex-ruling party members in vote
CAIRO: A top Egyptian court on Monday overturned a decision barring members of President Hosni Mubarak's former party from standing in a parliamentary election that starts later this month, a…
Interview: Reviving Egypt’s heritage hotels a smart investment
A woman by the name of Metzger won a court case in 2007 that decreed her to be the rightful heir and owner of Alexandria’s famed Cecil Hotel. The hotel…
Juhayna 9-mthnet profit up 7 pct
CAIRO: Egypt's Juhayna Food Industries posted a consolidated net profit for the first nine months of LE 186 million ($32 million), a 7 percent rise from the same period a…
Maridive posts 9-mth net down 14 pct
CAIRO: Egypt's Maridive and Oil Services reported a 14 percent slide in net profit to $44.5 million for the first nine months of 2011 compared to the same period a…
Lecico posts Q3 net loss of LE 3 mln
CAIRO: Egyptian ceramics firm Lecico reported a net loss of LE 3.0 million ($0.5 million) in the third quarter of 2011, the firm said in a statement on Monday. Lecico…
AlembicHC raises El Sewedy to overweight
CAIRO: El Sewedy Electric is poised to benefit from falling copper prices, said AlembicHC and upgraded the company's stock to "overweight" citing compelling valuation. The brokerage said it expected Sewedy's…
Dana Gas Q3 profit quadruples on higher production
DUBAI: Dana Gas, the UAE energy firm, on Monday said its third-quarter net profit more than quadrupled buoyed by a 20 percent increase in total production and higher oil prices.…
Talaat Moustafa 9-mth profit falls 43 pct
CAIRO: Talaat Moustafa Group, Egypt's biggest listed developer, posted a 43 percent decline in its 2011 nine-month net profit to LE 493.7 million ($82 million), the bourse said on Monday.…
GB Auto says Q3 net climbs 25 pct year-on-year
CAIRO: Egypt's GB Auto said on Sunday its third-quarter net income rose 25 percent year-on-year to LE 89.0 million ($14.9 million), but said the return to growth may be temporary…
Rights group slams order to probe accounts of 36 activists
CAIRO: The Arabic Program for Human Rights Activists (APHRA) slammed a court order allowing a probe into the bank accounts of 36 Egyptian human rights activists. “There's no point in…