Egypt shares rise tracking world markets
CAIRO: Egypt s benchmark index rose 1.5 percent, taking its cue from world markets which have rallied on recovery bets as 2010 starts, traders Saied. Orascom Telecom gained. The US…
Dana Gas hits Egypt 2009 target, discovers well
UAE-based Dana Gas said on Tuesday it hit its target in Egypt by achieving a production rate in excess of 40,000 barrels of oil and gas per day for 2009,…
Telecom Egypt buys remaining stake in TE Data
Telecom Egypt said on Tuesday it had bought the remaining 4.95 percent of shares in its broadband subsidiary TE Data from three Egyptian banks, taking its ownership to 100 percent.…
Hamas pledges loyalty to Arabs: Saudi minister
SHARM EL-SHEIKH: Exiled Hamas leader Khaled Meshaal has assured Saudi Arabia his movement is loyal to Arab states, the kingdom s foreign minister, Prince Saud Al-Faisal, said on Tuesday. I…
Aid convoy members all in Arish; GFM to raise class action suit against Egypt
CAIRO: The last members of the Viva Palestina convoy headed to the Gaza Strip landed in Al-Arish airport Tuesday after earlier arrivals conducted a sit-in to insist that all members…
Egypt to simplify bond issuance by private companies
CAIRO: Minister of Investment Mahmoud Mohieldin has simplified the procedures for private companies to issue bonds, medium and long-term bonds in particular.Amending Capital Markets Law no. 95 of 1992 is…
Toibin favorite to win Britain's Costa book award
Irish author Colm Toibin is favorite to win the 30,000-pound Costa Book of the Year award after Monday clinching the best novel category for his work Brooklyn, observers said.The winner…
Return of the Egyptians
It was an evening of nostalgia. The band formed in 1976 made a comeback at the Sawy Culture Center on Sunday at a concert entitled "El-Masriyeen Rag'een (Masriyeen Return). While…
The new converts
JERUSALEM: Twelve thousand Ethiopians live around a compound in the city of Gondar. They left their villages for a promise of a better life in a new country. The compound…
