Banking shares push Egypt's bourse higher
CAIRO: A banking sector buoyed after Italy s Sanpaolo won 80 percent of Bank of Alexandria for about $1.6 billion helped Egyptian shares edge higher on Tuesday, traders said. The…
EFG values El-Sewedy at LE 58.50
CAIRO: Investment bank and equities researcher EFG-Hermes gave El Sewedy Cables an estimated fair value of LE 58.50 ($10.21) a share and recommended buying for both the short and long…
Al-Naeem holding to list shares in CASE within two months
CAIRO: Al-Naeem Holding Company will fulfill measures to list its shares in the Cairo and Alexandria Stock Exchanges (CASE) within a maximum of two months to offer them for trading…
CIB to set up Algerian subsidiary
CAIRO: Commercial International Bank (CIB) will set up a subsidiary in Algeria in conjunction with investors from Egypt and the United Arab Emirates, the bank said on Tuesday. CIB and…
Minister predicts $7.5-8 bln FDI in 2006-2007
ReutersCAIRO: Egypt expects foreign direct investment (FDI) to climb to between $7.5 billion and $8 billion in the year ending June 2007, up from $6.1 billion a year earlier, Investment…
Egyptians won't stop Mubarak dynasty – Islamist
ReutersCAIRO: The Muslim Brotherhood sees little likelihood of a popular backlash if Gamal Mubarak succeeds his father as president, the Islamist group s deputy leader said on Tuesday. Mohammed Habib,…
Italian minister of defense to visit Egypt
CAIRO: Italian Minister of Defense Arturo Baresi will meet with his Egyptian counterpart Mohammed Sayid Tantawy in Cairo today before heading to El-Alamein and Sharm El-Sheikh.The visit comes within a…
Egypt to play South Africa Griffin Park in London
Egypt s friendly international against South Africa on Nov. 15 has been fixed for Brentford s Griffin Park, the South African Football Association said on Monday. The ground in the…
Israel again threatens to intensify Gaza offensive
Agence-France PresseJERUSALEM: Israel again warned Tuesday that it would up its offensive in the Gaza Strip, a day after the ruling Islamist Hamas movement threatened to teach the Israeli army…
