Asec Ready Mix begins operations
Cement producer Asec Cement launched operations at Asec Ready Mix, a LE 43 million which will have points of presence in Upper Egyptian cities of Minya, Assiut and Qena, according…
Lecico to distribute 1:2 bonus share
Sanitary ware and ceramics maker Lecico Egypt will distribute a dividend of one bonus share for every two owned, it said in a statement published on Wednesday in Al-Mal. The…
Algeria says won't allow Orascom unit sale to MTN
Algeria's government will not allow Egyptian operator Orascom Telecom to sell its Algerian mobile phone business Djezzy to South African group MTN, Algeria's trade minister said. "The Algerian state holds…
Salem firm on Ismaili exit despite fans' pressure
CAIRO: Ismaili defender Moatassem Salem insists on leaving the club at the end of the season, despite pressure from the fans urging him to stay. Salem announced his desire to…
Egypt stock index rebounds, Talaat Moustafa leads
A return to risk appetite helped push Egypt's main index up 4.4 percent on Wednesday from a 25-week low, with most stocks on the index recovering some of their losses.…
Sirens wail across Israel in huge defense drill
JERUSALEM: Air raid sirens wailed across Israel on Wednesday at the peak of a five-day civil defense exercise to test the Jewish state's defenses in the event of war, the…
Iraq PM details 'several' assassination attempts
BAGHDAD: Iraqi Prime Minister Nuri Al-Maliki claimed in remarks released Wednesday that he had escaped several assassination attempts, including one where insurgents tried to shoot down his plane. "There have…
Israel PM to be invited to White House next week, say reports
JERUSALEM: Israeli Prime Minister Benjamin Netanyahu is expected to travel to Washington next week, with White House Chief of Staff Rahm Emanuel set to give him the invitation on Wednesday,…
Egypt move up FIFA ranking
CAIRO: Egypt moved up one place in the monthly FIFA ranking for national teams, taking 12th place in the table. Even though they gained no points during the past month,…
Egyptians not on board with financing World Cup broadcasting rights
CAIRO: In a country where football is the sport of choice, public opinion was not in favor of Finance Minister Youssef Boutros Ghali’s decision to finance the purchasing of…
