OCI Q1 net profit rises 10.4 pct
CAIRO: Orascom Construction Industries (OCI), Egypt's biggest listed firm, said on Thursday that first-quarter profit rose 10.4 percent after margins on fertilizer sales improved and construction costs were kept down.…
Egypt's mobile subscribers rise in March
CAIRO: The number of mobile phone subscribers rose by 1.2 million in March, bringing the total to 57.7 million out of a population of nearly 80 million, according to Egypt’s…
Petrojet reach Cup quarters to ease woes
CAIRO: Petrojet eased their woes by reaching the Egyptian Cup quarter finals after beating second-division side Canal Mooring & Lights 2-0 on Wednesday. Ghanaian attacking midfielder Cofie Bekoe opened the…
Abdul-Fadil reveals free-kick training
CAIRO: Ahly defender Sherif Abdul-Fadil revealed that he has intensively trained to be adept at cannoning long-range free kicks. The Red Devils were down by one goal in Wednesday's Cairo…
Zaher denies World Cup expulsion claims
CAIRO: Egyptian FA president Samir Zaher denied Algerian claims that world governing body FIFA has threatened to expel the Pharaohs from the 2014 World Cup qualifiers. Algerian Football Federation chief…
Egypt among top 20 countries enhancing living conditions in slums
CAIRO: A new report puts Egypt among the top 20 countries rated for efforts to enhance living conditions in slum areas while its capital Cairo ranked 35 among the world’s…
OT says would consider bid for Vodafone unit
CAIRO: Egyptian mobile firm Orascom Telecom would consider a bid for Vodafone's 55-percent stake in its Egyptian unit if it were put up for sale, Orascom's executive chairman said. Egypt's…
Antiquities council honors Islamic Archaeology scholar
CAIRO: George T. Scanlon, a pivotal figure in the excavation of Egypt’s early Islamic settlements, was honored in a Tuesday night ceremony at the Supreme Council of Antiquities (SCA) headquarters…
Sheikh says Saudi real estate as good as gold
LONDON: Self-made Saudi Arabian billionaire Sheikh Ghassan Al Nemer is on a mission to entice foreign investors back to his burgeoning domestic real estate market, which he says is just…
Kuwait Q3 crude supply allocs mixed to 3 Asia buyers
TOKYO/SINGAPORE: Kuwait has notified at least two Asian buyers they will curb crude supplies in July-September by 5 percent below contracted volumes, but will supply full term supplies for the…