Aberdeen sees some stability in Egypt, awaits vote
CAIRO: Aberdeen Asset Management sees potential opportunities in Egypt after the popular uprising there but is waiting for the outcome of elections before returning to the local treasury bill market.…
Citadel appoints Citigroup as adviser
CAIRO: Egyptian private equity firm Citadel Capital has appointed Citigroup Incas a financial adviser, Citadel said in a letter to the stock exchange on Tuesday. "Citadel Capital appointed (on Monday)…
GB Auto Q2 sales decline 16 percent
CAIRO: GB Auto, Egypt's biggest listed automobile assembler, said on Monday political turmoil dampened its second-quarter passenger car sales by 16 percent from a year earlier, a smaller decline than…
Telecom Egypt eyes MVNO license towards year-end
CAIRO: Egypt's revolution has not dimmed Telecom Egypt's ambition to push further into mobile phone services and the company aims to secure a mobile virtual network license towards the end…
GASC seeks wheat, includes Russia
CAIRO: Egypt's main state wheat buyer set a tender to buy wheat from global suppliers on Wednesday, including Russia in the mix for the first time since Moscow's return to…
Arab spring or summer of discontent?
By John Defterios Protests have rekindled in Cairo’s Tahrir Square on a grand scale. Hundreds were injured and expressed their frustration at what they see at the snail’s pace of change…
Protesters angered by SCAF statement, liken it to Mubarak days
By Heba Fahmy and Brett Borkan CAIRO: Protesters across Cairo erupted in anger following statements Tuesday morning by Egypt’s ruling military council, describing its tone as aggressive, confrontational, and reminiscent of…
France calls for UN meet on Syria embassy attacks
PARIS: France called for a UN Security Council meeting on Syria on Tuesday, seeking a UN condemnation of attacks this week on US and French embassies in Damascus. Washington has…
Moroccan rights group says referendum was rigged
RABAT: A human rights group on Tuesday said Moroccan authorities violated their obligation of impartiality by using religion and the media to promote a "yes" vote in the recent constitutional…
‘Boycott ban’ stirs controversy in Israel
JERUSALEM: Despite a firestorm of criticism and the advice of the parliament's legal adviser, Israeli lawmakers have passed a bill effectively outlawing calls to boycott settlements in the West Bank.…
