Insurance industry set for more reforms
CAIRO: Bancassurance, microfinance and the role of the Egyptian Financial Supervisory Authority (EFSA) in regulating non-banking financial services were key topics at a Cairo conference Tuesday. Ziad Bahaa-Eldin, chairman of…
SODIC CEO receives the Best CEO of the Year Award
CAIRO: SODIC’s CEO and Managing Director, Maher Maksoud, received the Global Trade Matters-Egyptian Exchange (GTM/EGX) Best CEO of the Year Award. Maksoud accepted the award during the GTM/EGX Fifth Annual…
CIB push Egypt lower on ex-div trade
Egypt’s main index slipped 0.5 percent as two of its heavyweights, Orascom Construction Industries (OCI) and Commercial International Bank (CIB) traded ex-dividend. OCI declined 0.5 percent and CIB fell 1.5…
Egypt, South Africa agree to boost bilateral cooperation
The foreign ministers of Egypt and South Africa have agreed on several deals to boost cooperation in the fields of health, environment, communications and sports. The agreements were reached during…
Egypt's Raya 2009 profit dips 23 pct to $7.5 mln
Egypt’s Raya Technology and Communication made a net profit of LE 41.3 million ($7.5 million), down 23 percent on a year earlier, the stock exchange said on Tuesday. The firm,…
Egypt seeks doubling exports: Rachid
The establishment of 1,000 new factories which were part of President Hosni Mubarak’s election program have been completed, Trade and Industry Minister Rachid Mohamed Rachid told a symposium held in…
Nuclear ambitions, terrorism focus at G8 meet
GATINEAU, Canada: Group of Eight ministers gathered here Tuesday to discuss nuclear proliferation as US Secretary of State Hillary Clinton said China would play a role in efforts to forge…
Iranian agents free kidnapped diplomat
TEHRAN, Iran: Iran's intelligence agents mounted a "complicated" cross-border operation and freed an Iranian diplomat kidnapped in 2008 by gunmen in northwestern Pakistan, state television reported Tuesday. The agents rescued…
Darfur rebels threaten return to arms
DOHA: Darfur's main rebel group, the Justice and Equality Movement, warned on Monday its forces would return to an armed struggle if talks with the Sudanese government hit a dead…
India probing multiple hijackings off Somalia
NEW DELHI: India is investigating the hijacking of several boats off the coast of Somalia amid news reports that eight vessels and 120 Indian sailors have been seized. "There is…