Egypt: Growth impetus
CAIRO: One of the potential winners of the global financial crisis, Egypt has maintained a relatively high level of income from Suez Canal and tourism receipts, spurring a GDP growth…
NSGB to pay cash dividend
Egypt's National Societe Generale Bank (NSGB), Egypt's fourth-biggest bank by assets, approved a dividend of LE 1.25 ($0.2) per share, the stock exchange said on Sunday. The dividends will be…
Apache's Egypt well shows positive results
Apache Corp. (APA) said Thursday that the West Kalabsha I-1X well in Egypt's Western Desert showed encouraging results when tested. The well, located in the Faghur Basin exploration area, had…
Sea Dragon raises bought deal offering to C$57 mln
Canadian oil explorer Sea Dragon Energy Inc raised its bought-deal size to C$57 million ($55.8 million) as it plans to sell C$12 million more shares to the underwriters. The company…
Egypt 'key driver' for oil and gas
US oil and gas explorer Apache announced its latest discovery in the Faghur Basin in the Western desert of Egypt encountered 105 feet of net hydrocarbon pay. Apache Corp. announced…
Faisal Islamic Bank to pay cash dividend
Faisal Islamic Bank of Egypt approved a dividend of LE 1.646 ($0.299) per share for stocks issued in Egyptian pounds and $0.3 for stocks issued in dollars, the stock exchange…
Ezz Dekheila Steel to pay cash dividend
Egypt's Al Ezz Dekheila Steel, a unit of Ezz Steel, approved a cash dividend of LE 37 ($6.72) per share, the stock exchange said on Sunday. The payment date will…
'Green Zone' misses the target
Amid the minor backlash that greeted “The Hurt Locker’s” Oscar in Egypt and some parts of the Arab world, a number of voices criticized Kathryn Bigelow’s combat drama — and…
Dennis Hopper gets Hollywood star
A bandaged and frail Dennis Hopper was surrounded by friends, family and colleagues Friday as he was honored with a star on Hollywood's Walk of Fame. The 73-year-old actor and…
Bombs kill 5 near house of Sunni candidate in Iraq
BAGHDAD: Several bombs exploded Sunday near the home of a prominent Sunni figure who ran in this month's parliamentary elections in Iraq, killing five people and wounding 26 others, a…
