Germany posts €21.1b trade surplus in March '25    UK to seal 1st post-tariff war trade deal with US    Egypt, Japan discuss ICT cooperation, AI strategy alignment    Egypt sets deadlines for broad tax settlement package    Egypt's FM urges stronger African role in global governance    Egypt, Bahrain discuss enhanced pharmaceutical cooperation    Egypt's EHA partners with Danone Egypt on clinical nutrition    Tax Authority prepares comprehensive guide on exported services: Abdel Aal    Egypt, Qatar reaffirm joint mediation efforts amid escalating Gaza crisis    Egypt-Greece trade exchange falls to $1.6bn in 2024: CAPMAS    Fotouh Al-Kuwait to build EGP 86m packaging factory in Sokhna Industrial Zone    Egypt, Greece sign strategic partnership in Athens, hold 1st cooperation council    Minister of Health discusses strengthening healthcare partnership with AFD    India strikes Pakistan, Islamabad claims 5 Indian jets downed amid escalation    Egypt welcomes Oman-brokered US-Yemen ceasefire agreement    Egypt inks deal with Merck to advance healthcare training    Health Minister orders expansion of residency training programmes to strengthen medical workforce    Al Ismaelia, Coventry University Cairo partner on urban development education    Egyptian FM addresses Arab Women Organization Conference opening    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Cabinet approves establishment of national medical tourism council to boost healthcare sector    "5,000 Years of Civilizational Dialogue" theme for Korea-Egypt 30th anniversary event    Sudan conflict, bilateral ties dominate talks between Al-Sisi, Al-Burhan in Cairo    Cairo's Madinaty and Katameya Dunes Golf Courses set to host 2025 Pan Arab Golf Championship from May 7-10    Between Women Filmmakers' Caravan opens 5th round of Film Consultancy Programme for Arab filmmakers    Egypt's PM follows up on Julius Nyerere dam project in Tanzania    Ancient military commander's tomb unearthed in Ismailia    Egypt's FM inspects Julius Nyerere Dam project in Tanzania    Egypt's FM praises ties with Tanzania    Egypt to host global celebration for Grand Egyptian Museum opening on July 3    Ancient Egyptian royal tomb unearthed in Sohag    Egyptian Minister praises Nile Basin consultations, voices GERD concerns    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    

Articles of the author Alastair Sharp Dina Zayed Reuters
Mobinil to miss 2010 goals, scraps guidance
CAIRO: Egypt's Mobinil said it would not hit its full-year goals for subscriber numbers and revenue growth, and uncertain market and regulatory conditions would prevent it from updating its forecasts. "We are not giving guidance for the end of (...)

29 - 07 - 2010
Languages, alliances key to IBM Egypt BPO offering
CAIRO: Egypt's language skills and good working relationships between government, business and academia make it a strategic choice for growth, an IBM executive in charge of Egyptian business process operations (BPO) said. Egypt is eager to (...)

29 - 07 - 2010
Mobinil Q2 net profit falls 29 pct
CAIRO: Egypt's Mobinil posted a fall in second-quarter net profit to LE 381 million, adding far fewer subscribers than its main rival, blaming the regulatory and competitive environment. "We still expect those adverse conditions to continue in (...)

28 - 07 - 2010
Egypt telco space shaped in court, compounds
CAIRO: Egypt's telecoms regulator is fighting in the courts and looking to mushrooming suburban compounds as it seeks to guide the course of the country's robust tech and telecom sector. The National Telecommunication Regulatory Authority (...)

16 - 07 - 2010
Mobinil signs off on purchase of OT internet
CAIRO: Mobinil shareholders approved the $130-million purchase of two internet assets from major shareholder Orascom Telecom on Saturday. The purchase finalizes a deal made possible by an ownership pact reached in April between Orascom and (...)

04 - 07 - 2010
Telecom Egypt approves LE 0.55 dividend
CAIRO: Telecom Egypt has approved a LE 0.55 ($0.10) interim dividend for 2009, after earlier distributing LE 0.75 pounds, a company source said on Sunday. Although it was distributed in two parts, the dividend matches the LE 1.30 dividend for (...)

20 - 06 - 2010
Egypt regulator plans assurance, fund rules
CAIRO: Egypt's market regulator aims to expand a limited assurance market by allowing more banks to sell life insurance products, a move that should encourage more Egyptians to get insured and get a bank account at the same time. The regulator is (...)

16 - 06 - 2010
Telecom Egypt eyes web, mobile for growth
CAIRO: Landline monopoly Telecom Egypt plans to use its new submarine cable to boost its internet offering and is also seeking to enter the competitive mobile market which has drained its traditional retail revenues. First-quarter net profit rose (...)

13 - 05 - 2010
Orascom Tel Q1 profit falls, Algeria woes persist
CAIRO: Egyptian telecoms firm Orascom Telecom on Wednesday said its net profit tumbled in the first quarter of 2010, lagging forecasts after start-up costs in Canada and troubles in Algeria hurt its bottom line. Orascom said the 32 percent fall (...)

13 - 05 - 2010
Orascom, France Tel give more detail on pact
CAIRO: Orascom Telecom and France Telecom on Sunday disclosed further details of their Mobinil ownership pact following a request for clarity from Egypt's market regulator. On April 14, the two firms announced a broad deal to end an acrimonious (...)

09 - 05 - 2010
Orascom profit up on land sales, tourism
CAIRO: Swiss-based developer Orascom Development Holding's fourth-quarter net profit jumped 50 percent after the company sold land in Oman and tourism began to recover from the financial crisis. Reuters calculated a quarterly profit of 44.7 (...)

17 - 04 - 2010
Orascom, France Tel reach accord on Egypt spat
CAIRO: Orascom Telecom (OT) and France Telecom (FT) said they had a broad deal to end a battle for control over Egypt's Mobinil and would finalize a new shareholder's pact in weeks. Both sides met Egyptian regulators on Wednesday to present the (...)

15 - 04 - 2010
Raya eyes unit sale, will pay dividend
CAIRO: Egypt's Raya Technology and Communication is set to sell its call centers to focus on higher returns outside its traditional operations, its chief executive said on Wednesday. The firm, which sells mobile handsets, runs call centers and (...)

02 - 04 - 2010
Raya eyes unit sale, will pay dividend
CAIRO: Egypt s Raya Technology and Communication is set to sell its call centers to focus on higher returns outside its traditional operations, its chief executive said on Wednesday. The firm, which sells mobile handsets, runs call centers and (...)

01 - 04 - 2010
Orascom Devt Q4 profit up on land sales, tourism
CAIRO: Swiss-based developer Orascom Development Holding s fourth-quarter net profit jumped 50 percent after the company sold land in Oman and tourism began to recover from the financial crisis. Reuters calculated a quarterly profit of 44.7 (...)

30 - 03 - 2010
Skype questions Egypt ban on mobile Internet calls
CAIRO: Internet telephony firm Skype has questioned Egypt s move to ban international calls made through mobile internet connections and said markets should be left open for consumers to choose. National Telecommunication Regulatory Authority (...)

23 - 03 - 2010
Egypt 'losing fight against corruption'
Corruption in Egypt is on the rise, watchdog Transparency International said on Saturday in a report that called for an urgent overhaul of election procedure and the role of the judiciary to be strengthened. The Berlin-based group said Egypt's (...)

20 - 03 - 2010
Orascom Telecom Q4 net loss is $46.4 mln
CAIRO: Egypt s Orascom Telecom posted a fourth quarter net loss of $46.4 million, the company said Monday, citing rioting and hostility in Algeria, one of its main markets, for the sharp decline. The recent riot events in Algeria following the (...)

16 - 03 - 2010
Telecom Egypt cuts dividend, delays cable launch
CAIRO: Telecom Egypt has proposed a reduced dividend and delayed the launch of an undersea cable until the second quarter, its chief executive said on Monday, after posting lower-than-expected earnings. The TE North cable, which travels from (...)

15 - 03 - 2010
Beltone signs merger deal with Pioneers
CAIRO: Egypt s Beltone Financial has signed a deal to complete its planned merger with Pioneers Holding and expects to complete the deal by the end of May, Beltone said on Sunday. A Beltone spokesman said the new firm will be called Beltone (...)

14 - 03 - 2010
Raya uses tech skills to diversify
CAIRO: Egypt s Raya Technology and Communication aims to diversify into logistics to tap demand in a relatively virgin market as it shifts away from its main technology businesses, the firm s chairman said. Raya, which sells mobile handsets, runs (...)

11 - 03 - 2010
Orascom Telecom says Algerian tax appeal rejected
CAIRO: Algerian authorities have rejected Orascom Telecom s appeal against claims its Djezzy unit owed back taxes and penalties from 2004 to 2007, the Egyptian mobile operator said on Sunday. Orascom said it intends to appeal the rejection (...)

08 - 03 - 2010
Mobinil sees 28 mln subscribers by end-2010
CAIRO: Egyptian mobile operator Mobinil expects revenue growth to slow to 5 percent in 2010 and to boost its subscribers to 28 million by the end of the year, its chief financial officer said on Thursday. Mobinil, which leads Egypt s competitive (...)

12 - 02 - 2010
Egypt's Concord eyes up to $750 mln from Japan
CAIRO: Egyptian company Concord International Investments aims to raise up to $750 million from Japanese investors seeking more exposure to Egypt s undervalued firms and growing economy, the fund manager s chairman told Reuters on Sunday. Right (...)

24 - 01 - 2010
Orascom Telecom opposes Mobinil deal approval
CAIRO: Egypt s Orascom Telecom said it rejected regulator support for a France Telecom (FT) bid for shared asset Mobinil, which would net Orascom more than $1.6 billion but see it exit its home turf. Orascom s London-listed stock jumped on Friday (...)

11 - 12 - 2009
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