OCI seen posting 33 pct rise in Q2 profit
CAIRO: Orascom Construction Industries, Egypt's biggest listed company, is expected to post a 33 percent increase in second-quarter net profit, according to analyst estimates. OCI, run by billionaire tycoon Nassef…
Iran to give IAEA ‘full supervision’ if sanctions lifted
TEHRAN: Iran on Monday said it was ready to give the International Atomic Energy Agency "full supervision" of its nuclear program for five years if UN sanctions are lifted, as…
Turkey’s Limak wins bid to expand Cairo airport terminal
CAIRO: Egypt’s government has awarded Turkish Limak Construction, a flagship company of Limak, with a $387 million contract to expand Cairo airport’s second terminal and increase passenger capacity. Approved by…
Protesters scuffle as Mubarak trial resumes
CAIRO: Demonstrators scuffled with police outside the court where the trial of former President Hosni Mubarak resumed on Monday, when senior policemen were due to give the first witness testimony.…
Libya beats Mozambique 1-0 in African qualifier
CAIRO: Playing its first match since the fall of Moammar Qaddafi, Libya's national team beat Mozambique 1-0 Saturday in an African Cup of Nations qualifying match. The Libyan players wore…
Cabinet reactivates National Council for Women
CAIRO: Months after its offices went up in flames, the National Council for Women will be back to work, with a Cabinet decree to appoint a secretary general in…
Egypt-Libya economic cooperation starts with 2 million workers
CAIRO: Egypt kicks off economic cooperation with Libya with plans to send 2 million Egyptian workers there upon the request of the National Transitional Council (NTC), a step that would…
Egypt reduces size of T-bill sale
CAIRO: Egypt's central bank sold LE 3.25 billion ($546 million) in domestic treasury bills on Sunday, paring LE 1.75 billion from the amount it had offered, Egypt's Finance Ministry said.…
World Bank chief warns of economic ‘danger zone’
BEIJING: World Bank chief Robert Zoellick warned Saturday that the global economy was heading into a new "danger zone", as he urged China to speed up structural reforms to help…
Workers strikes on the rise; disputes at ETUF temporary committee
CAIRO: Workers at the Mahalla Textile Factory, the Post Authority, health technicians and petroleum companies are planning to start or expand ongoing mass strikes demanding financial rights and the resignation…