NSGB 9-month net profit climbs 9 pct
CAIRO: Egypt's National Societe Generale Bank (NSGB) said on Wednesday net income for the first nine months of 2011 rose 9 percent to LE 1.09 billion ($182.6 million). "Despite the…
Flush with cash, DNO eyes Mideast growth
OSLO: Norwegian group DNO is cash-strong and ready to pursue acquisitions while boosting oil exploration and output across the Middle East and North Africa, as it integrates the Persian Gulf…
Arab turmoil drags down profits at Austria’s OMV
VIENNA: Turmoil in Libya and Yemen ate into earnings at oil and gas group OMV in the third quarter and it was impossible to predict when production will normalize, the…
Abu Dhabi’s ADIB eyes Islamic bond; plans investor meetings
DUBAI: Abu Dhabi Islamic Bank will hold investor meetings for a potential dollar-denominated Islamic bond, or sukuk, starting next week, it said in a statement to the bourse on Wednesday.…
Egypt’s ‘Freedom Story’ in the making
Revolutions have a way of sticking with you – emotions run high, change is imminent and the sense of possibility is euphoric. The images of Egypt’s January uprising were striking,…
A psychedelic evening with Yacoub Abu Ghosh
By Maurice Chammah Last Sunday the Jordanian jazz bassist Yacoub Abu Ghosh led his band through a set at the Cairo Jazz Club, a seemingly required stop on any local tour.…
Qaeda to produce film on Awlaqi’s life with message to US
A radical group in Yemen announced on Wednesday that a film will be produced documenting the life of slain US-born cleric Anwar Al-Awlaqi and which will include a previously unknown…
Pilgrims perform final hajj rituals
MINA: Nearly three million Muslim pilgrims were performing the final rituals of the hajj on Tuesday as the world's largest annual gathering neared its close without major incident. The most…
Elections media guidelines need clarification, say experts
CAIRO: Media guidelines provided by the Supreme Electoral Commission (SEC) include vague points and lack a strategy for implementation, media experts argued. The guidelines, issued by SEC last week, stipulate…
Electionnaire: Egyptians find their political match
CAIRO: With the first post-uprising parliamentary elections just around the corner, Egyptians are scrambling for a crash course in politics, mostly to overcome their general confusion. To this end, two…