Zamalek want bans eased
CAIRO: Zamalek will file an appeal with the Egyptian FA to have the bans on duo Hazem Emam and Alaa Ali reduced, the club said early on Friday.Wing-back Emam was…
Ibrahim Hassan admits malicious intent
CAIRO: Zamalek s de facto football director Ibrahim Hassan admitted that he had every intention to harm Police Union assistant coach Mohamed Ibrahim. The White Knights 1-1 draw with Police…
News in brief
South Valley Cement 2009 net profit at $28 mln Egypt s South Valley Cement posted 2009 net income of LE 151.8 million ($27.5 million), up from LE 6.5 million in…
Rowad sells 5 pct of Egyptian Resorts
CAIRO: Rowad Tourism has sold a roughly 5 percent stake in real estate firm Egyptian Resorts, giving Egyptian Resorts shares a boost. Rowad sold about 50 million shares in Egyptian…
Eastern eyes Sudanese market: paper
CAIRO: Egypt s monopoly cigarette maker, Eastern Company, is considering supplying tobacco and manufacturing expertise to Sudanese firms in a step to expand in African markets, Egyptian media reported on…
Orascom Telecom surges on unit sale talk
DUBAI: Orascom Telecom (OT) surged on market talk it will sell its Algerian unit Djezzy, lifting Egypt s index to a 23-week high on Thursday. Dubai fell to a two-week…
Forecast stable for Egyptian pound
CAIRO: The Egyptian pound grows increasingly attractive as a currency for investment as it maintains a stable rate of approximately LE 5.5 to the US dollar.In a Reuters poll, 11…