Orascom Tel Q1 profit falls, Algeria woes persist
CAIRO: Egyptian telecoms firm Orascom Telecom on Wednesday said its net profit tumbled in the first quarter of 2010, lagging forecasts after start-up costs in Canada and troubles in Algeria…
Telecom Egypt eyes web, mobile for growth
CAIRO: Landline monopoly Telecom Egypt plans to use its new submarine cable to boost its internet offering and is also seeking to enter the competitive mobile market which has drained…
Images of equestrian elegance
This week, the American University in Cairo Press released a new photography book titled “The Arabian Horse of Egypt.” Featuring works by Nasr Marei and a heartfelt introduction by Her…
ACS in talks with Egypt on solar-thermal power plant
Actividades de Construccion y Servicios SA, Spain’s largest builder, is in line to win a contract for a solar-thermal power plant in Egypt as the African nation seeks to meet…
CIB posts Q1 net profit of LE 529 mln
Commercial International Bank (CIB), Egypt's biggest private bank by assets, said a surge in non-interest income helped first-quarter consolidated net income grow 12 percent, beating forecasts. The board of directors…
Talaat Moustafa Q1 net up 3 pct, hotels help
Talaat Moustafa Group, Egypt's biggest listed developer, posted a 3.2 percent rise in first-quarter net profit after it recognized more revenue from completed homes and a pickup in tourism helped…
Egyptian Resorts reports Q1 loss, no land sales
Real estate firm Egyptian Resorts slipped to a net loss of LE 2.9 million ($517,600) in the first quarter of 2010 after failing to sell any land, its main source…
Cannes focuses on emerging filmmakers
This year's lineup at the Cannes Film Festival is leaner and less star-studded than usual, but you wouldn't know that from Wednesday's high-glamour opening ceremony. Hollywood celebrities from Eva Longoria…
Spewing Sparks: The real face of Saudi Arabia?
After a long and controversial debate surrounding the 2010 International Prize for Arabic Fiction, known as the Arabic Booker, the dubious committee decided to award its top prize to the…
Hamas accuses Egypt of torturing prisoners
GAZA CITY: Gaza's Hamas rulers, whose relations with Cairo are growing increasingly tense, on Wednesday accused Egypt of torturing Palestinian prisoners. "They are subjected to horrible methods of torture, electrocuted,…
