Interbank rate steady at 8.1 percent
CAIRO: The median overnight interbank rate on the pound remained broadly steady at 8.1 percent on Monday, compared with Sunday s 8.086 percent, in the absence of auctions, traders said.…
Banglalink tops 2 million subscribers
DHAKA: Orascom Telecom s Banglalink, the fastest growing mobile phone operator in Bangladesh, said it had 2 million subscribers in a market that is expected to have 18 million users…
Golden Pyramids Plaza considers IPO
CAIRO: Golden Pyramids Plaza, the company that owns CityStars, is studying an initial public offering (IPO) of up to 40 percent of its capital. The company is currently owned by…
International reports express confidence in Egyptian economy
CAIRO: JP Morgan has issued a report on Egypt's latest economic developments and performance, with foreign direct investments (FDI) being one of the biggest, reoccurring features in the report.According to…
Capital markets are about more than market-cap
SHARM EL-SHEIKH, Egypt: In 1982, an informal Kuwaiti stock market known as Souq Al-Manakh collapsed. Speculators armed with vast funds from booming oil prices and from the dubious use of…
Vodafone Egypt announces record results for financial year ending March 31, 2006
Vodafone Egypt has announced its financial results for the fiscal year ending March 31, 2006, with the strongest results seen in its history in terms of active customer figures, revenues…
Demanding top quality
CAIRO: Quality in the local food industry is a major concern in terms of safety, as well as a huge hurdle to exporting success. Only around 80 local food producing…
Solidarity hunger strikes begins at Tora prison
CAIRO: In the wake of Thursday's turmoil and claims of abuse and torture, the inmates as Tora prison, where Karim El Shaer and Mohamed Sharkawy are currently being held, have…
Islamists withdraw from vote, allege fraud
ALEXANDRIA, Egypt: The Muslim Brotherhood said on Sunday it had withdrawn from chamber of commerce elections in Alexandria because of interference by security forces to hinder its chances.The Islamist group,…
Olmert to meet Mubarak June 4
JERUSALEM: Israeli Prime Minister Ehud Olmert will meet President Hosni Mubarak on June 4 for talks that Cairo said on Sunday would be a preamble to a three-way summit with…
