News
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Egypt cbank to offer 3 bln EG pounds in repos
The central bank introduced the weekly repo agreements in March to keep short-term interest rates under control.
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Egypt's Amer Group H1 net falls 13 pct: bourse
The real estate company dropped from 232.3 million pounds net profit last year to 201.4 million pounds this year.
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ASEC wins cement-plant contracts in Egypt
The three five-year contracts will provide about 750 jobs, while the fourth contract is an extension of a former agreement signed in 2000.
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A pocket of tightness in Egypt for HDPE grades
Market payers complained about limited availability, and having to secure their needs.
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Egypt's Orascom Development posts loss amid unrest
Orascom Development has been diversifying its business but Egypt remains its biggest market.
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Egypt sells EGP2.5bn domestic treasury bills
The central bank sold 1 billion pounds of 91-day T-bills on behalf of the ministry at an average yield of 11.907%, down from 11.995%.
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Turkish firm wins airport bid in Egypt
Turkey's Limak Holding acquired the rights to renovate the third terminal of the Cairo International Airport, with funding from the World Bank.
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Egypt Bourse gains on a calm Mubarak trial and good company results
The main benchmark, EGX30 edged up 0.41 per cent to reach 4,644 points with slight gains in big and medium size shares.
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Wireless stars aim to grow Egypt's check-in culture
Wireless Stars have developed two mobile applications "IntaFeen" and "Amaken".
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Raya says H1 profit falls 39 percent
Raya Technology and Communication's net profit dropped to LE 12.4 million.
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Egypt Stocks: EFG-Hermes, Lecico Egypt and Asec Co. for Mining
Despite Asec Co. for Mining, EFG-Hermes, and Lecico dropping, EGX30 gained 0.4% yesterday.
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Orange France launches higher-tier Arabic channel pack
The 18-channel Arabe Max package costs EUR 11.90 a month to ADSL and fibre TV subscribers, yet is currently stillunavailable for satellite receivers.
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Egypt's Maridive posts H1 profit of $36 mln
The biggest oil services firm by fleet size in the Middle East said earnings before minority interests were $36.2 million, up from $26.4 million.
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Misr Cement Qena plans dividend of 5 Egyptian pounds
Shares in Misr Cement Qena inched 0.8 percent higher on Monday, while Egypt’s benchmark share index rose 0.4 percent by 1055 GMT.
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The US-Arab disconnect
Ramzy Baroud on how Arab aspirations and national interests have been hijacked to fit US priorities.
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US caves in to Egyptian govt demands over aid disbursement
Ministry of International Cooperation to distribute funds to ensure the transfer of funds to their designated recipients.
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Egypt's Oriental Weavers Q2 profit 58 mln EGP
Oriental Weavers witnessed a net profit loss of 4.4%.
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Egypt’s Raya Holdings pushes for website development
Raya Holding to start company for social network websites after internet users have reached 25 million in post-revolution Egypt.
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Visa and Lonely Planet team up to support Egyptian tourism
Travelers can access the specially designed microsite at www.visa.com/lonelyplanet where they will find expert destination advice.
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Lecico Egypt net profits down 80%
Main reasons for the Lecico Egypt's net profits drop were cost inflation and new tax laws.