Raya Q1 net profit more than triples
Egypt's Raya Technology and Communication made a net profit of LE 11.9 million ($2.1 million) in the first quarter of 2010, more than triple the year-ago quarter, the bourse said…
GB Auto sees net profit doubling
GB Auto expects to double its profit in the second quarter of 2010 and plans to export buses to Middle Eastern and European markets by the end of 2010, executives…
Different views from Ahly, Ismaili after draw
CAIRO: Ismaili preferred to avoid facing Ahly in the CAF Champions League group stage, while the Reds seem relieved after the draw. The bitter rivals were drawn together…
OT sees capex up in S. Asia, down in Algeria
Egyptian telecoms firm Orascom Telecom on Thursday said it expects to boost capital expenditure in Bangladesh and Pakistan this year and could lower it in Algeria depending on the operating…
Oriental Weavers hit by lower demand at home
CAIRO: Egypt's Oriental Weavers, the world's largest machine-woven carpet producer, posted a 5 percent drop in first-quarter net profit on lower domestic demand. Net profit after minority interests reached LE…
Olympic Group gets Q1 domestic sales boost
CAIRO: Egyptian appliance maker Olympic Group reported first-quarter net profit growth of 74 percent on higher domestic sales, particularly in its refrigerator segment. Net profit for the quarter was LE…
Weighing wages: Higher salaries or more productivity?
CAIRO: In the current context of worker’s unrest and increased private sector concern about Egypt’s labor law, the views of economists, organizations and businessmen differ, particularly when it comes to…
…And Berlusconi blasted in quake film
Cannes witnessed a blistering attack on Silvio Berlusconi with a Michael Moore-style documentary portraying the prime minister as a vampire sucking the blood out of Italy. Italy's culture minister boycotted…
Burlesque dancers take central stage at Cannes
The actresses showed up at their news conference Thursday at the Cannes Film Festival in elbow-high gloves, oversized cubic zirconia hoops, lots of leopard print and even a kitten-eared headband.…
Carmen swings back in new impressive opera production
One thing a good opera always should excel at is the ensemble. Opera productions are meant to be bigger than life — illustrious stories, powerful music, emotions spilling over the…
