Telecom Egypt backs dividend, still eyes mobile
Telecom Egypt will pay a LE 0.55 dividend for 2009, after earlier distributing LE 0.75, the company said on Sunday, putting on hold any immediate plans to expand in mobile.…
FIHC to build $211 mln sugar refinery: paper
Egypt's state-owned Food Industries Holding Company (FIHC) received offers from German and Japanese company's to build a LE 1.2 billion sugar refinery, a newspaper reported on Monday. FIHC said it…
Maridive to build two vessels in China
Egypt's Maridive and Oil Services said on Monday it won contracts to build two vessels in a Chinese shipyard and had cancelled two jobs in India. The oil services firm,…
Egypt's index ekes out gains
Egypt's main index gained for a fourth straight session but its rise was muted by late selling on a host of leading stocks including Orascom Telecom (OT) and Commercial International…
'Toy Story 3' finds big play time with $109 mln debut
Movie fans have not outgrown the "Toy Story 3" gang. The animated sequel about toys that come to life leaped to the No. 1 spot with a $109 million opening…
Iran to sell 2 bln euros bonds for petrochemicals
TEHRAN: Iran will issue bonds worth €2 billion ($2.48 billion) to help finance development of its petrochemical industry, the Oil Ministry website SHANA reported on Monday. "In order to finance…
Exiled Somali musicians rap against the Shebab
A group of young Somali musicians in exile is challenging the hardline Shebab Islamists who control large swathes of their homeland, by recording anti-Shebab songs set to hip-hop and rap.…
MidEast funds take big bite of AgBank IPO
HONG KONG: The Kuwait Investment Authority has invested $800 million in Agricultural Bank of China, two sources said on Monday, giving Middle East funds a big slice of AgBank's likely…
Amman film fest censors 'Son of Babylon' director's petition
The day before the highly-acclaimed Iraqi Film “Son of Babylon” was set to have its eagerly awaited Jordanian premiere — opening the Franco-Arab Film Festival in Amman — the festival’s…
Mansoura keeper to choose between Ahly, Hodoud
CAIRO: Mansoura have given goalkeeper Mahmoud Aboul-Saoud permission to decide on his future, amid interest from Ahly and Harras Hodoud. "Aboul-Saoud will be making the decision about his next destination,"…
