Pieces of ancient Egyptian necropolis found in Spain, says police
MADRID: Pieces of an ancient Egyptian necropolis that was pillaged in 1999 have been found in Spain by an expert in Middle Eastern antiquities who spotted them in a shop,…
What the media thinks about Egypt’s economy
Over the summer, with our partners TRACCS, Euromoney has carried out a series of media audits — survey’s designed to research how the media approaches the key issues of economic…
Mitsubishi appoints new distributor in Egypt
Mitsubishi Motors Corporation appointed its new distributor for Egypt, which will be a joint venture between Al Mulla Group Holding Company and Mohamed Abdulmohsin Al Kharafi & Sons. In a…
Ibrahim Hassan blames Zamalek’s poor form on ‘magic’
CAIRO: Zamalek's football director Ibrahim Hassan believes the Cairo giants have been stuttering because of evil magical practices. The White Knights have suffered a poor start to the season, having…
Actis acquires Vlisco Group for $151 mln
Emerging markets private equity firm Actis has acquired 100 percent of Vlisco Group, which produces designer wax fashion fabrics, for $151 million, according to a press statement. Vlisco Group is…
Elmohamady fit to face Arsenal
CAIRO: Ahmed Elmohamady is ready to feature in Sunderland's next Premier League clash against Arsenal after shaking off a minor knock. The Egypt international was taken off after just 32…
GB Auto to pay LE 3.09 dividend
GB Auto, Egypt's biggest listed automobile assembler, will pay a LE 3.09 ($0.54) dividend on Oct. 3, it announced in a newspaper advertisement on Wednesday. The dividend will be paid…
Transocean rig leaving Gulf of Mexico for Egypt
Another Transocean Ltd rig is leaving the deepwater Gulf of Mexico, still under contract with Statoil — the fourth rig departure resulting from a moratorium on US deepwater drilling. The…
Lawsuit against ‘Al-Gama’a’ TV series turned down
CAIRO: The Cairo Economic Court for Urgent Cases on Tuesday turned down a lawsuit filed by the son of Hassan El-Banna, founder of the Muslim Brotherhood (MB), against the scriptwriter…
Egypt pound trades at weakest in 3-1/2 years
The Egyptian pound reached 5.7062 to the dollar, its weakest since January 2007, likely pushed down by demand for dollars among importers after the Muslim fasting month of Ramadan, traditionally…