Calyon Egypt 2005 net profit rises 63 percent
CAIRO: Calyon Bank Egypt, which is 75 percent owned by French investment bank Calyon, made a net profit of LE 60.5 million ($10.6 million) in 2005, 63 percent up on…
Egypt median o/n interbank rate falls to 8.5 percent
CAIRO: The median overnight interbank rate on the Egyptian pound fell to 8.5 percent at a start on Tuesday of a new two-week period for calculating reserves, from 8.842 percent…
Alex Iron and Steel helps Egypt stock market up
CAIRO: Alexandria Iron and Steel helped the Egyptian stock exchange up on Tuesday on continuing interest in Ezz Steel Rebar s plan to increase its stake in the company, brokers…
MIBank arranges $254.5 million loan for MOPCO
CAIRO: Misr International Bank (MIBank) has arranged a syndicated loan worth $254.5 million for Misr Oil Processing Company (MOPCO) to build a new fertilizer plant, MIBank officials said on Tuesday.…
U.S. settles with Sept. 11 detainees for $300,000, lawyer says
NEW YORK: The U.S. government has agreed to pay $300,000 to an Egyptian man who was detained for nearly a year following the Sept. 11, 2001, attacks but was never…
British Islamists leave Egyptian jail
CAIRO: Three Britons left an Egyptian jail on Tuesday after serving almost four years of their five-year sentences for spreading propaganda for an Islamist group, the mother of one of…
Islamist sees Mubarak's son seeking presidency
CAIRO: A top leader of Egypt s largest opposition group said on Sunday he expected President Hosni Mubarak s son, Gamal, to seek the presidency within two years, citing as…
Protecting ideas
CAIRO: Protecting intellectual property is an intricate challenge. In the world of copyrights and patents, stealing is not a direct physical action involving an object or an individual; it is…
For the love a flower
CAIRO: Following frequent visits to a friend's flower shop, Sally El Torgoman decided to take on this friend's offer and combined her interest in art and her background in sales…
Kuwait's Global eyes Egypt, plans $1 billion fund
DUBAI: Kuwait s Global Investment House will increase its investment and advisory work in Egypt, which had one of the world s best performing stock markets last year, a senior…