Egypt army kills hope: female presidential candidate
BRUSSELS: The Egyptian military is stifling hope for change and cannot be trusted to manage the country's transition to democracy, the nation's first female presidential candidate said on Tuesday. She…
Journalists’ Syndicate boycotts military courts
CAIRO: The Journalists’ Syndicate decided Tuesday in a board meeting that all its members would boycott the military prosecution and use their constitutional right to be referred only to civilian…
Egypt gets budget help from Arab Monetary Fund
CAIRO: Egypt will receive $200 million to support its budget from the Abu Dhabi-based Arab Monetary Fund (AMF) this month and a second tranche of financing worth $270 million in…
From Egypt to Frankfurt with love
It’s a great feat for an Egyptian exhibition to become an international traveling show. Three of Egypt’s young photographers are doing just that; following a successful show in Vienna,…
Bank of Khartoum expands in South Sudan, eyes China trade
KHARTOUM: Bank of Khartoum, Sudan's biggest private bank, is expanding in South Sudan to benefit from rising bilateral trade with the new African nation and eyes more Islamic bond sales,…
Sukuk rush may lift costs for borrowers
DUBAI: A rush of Islamic bond sales from the Gulf region in coming months could give companies much-needed access to funds, but it is likely to end a period of…
Budget carrier flydubai hit by high fuel costs
DUBAI: Budget carrier flydubai, which does not hedge its fuel costs, is being hit by persistently high oil prices which have left it more exposed to short-term volatility than rival…
Egyptian Resorts shrinks Q3 net loss
CAIRO: Real estate firm Egyptian Resorts narrowed its losses in the third quarter of 2011 as revenue grew from its utilities business, the firm said on Tuesday. Egyptian Resorts, which…
EFG Hermes nine-month net profit slides: bourse
CAIRO: Egyptian investment bank EFG Hermes reported a 63 percent drop in nine-month consolidated net profit to LE 276.8 million ($46.3 million), according to a statement from the stock exchange…
Survey shows good value beats lower prices for Egyptian consumers
CAIRO: Egyptian consumers are more likely to save money by buying value packages or buying goods on sale, according to the latest survey by Nielsen. These strategies were more popular…