RAFAH: The border between Egypt and the Gaza Strip is a dusty, hot and noisy spot in the far south of Gaza.
For years, the only passage from Gaza to the outside world was a series of underground tunnels in Rafah. Gazans use the tunnels to (...)
BRUSSELS: When I gave my first public speech as Secretary General of NATO just over a year ago, I focused on the NATO-Russia relationship, because I believe it is crucial for global, not just European, security. At that time, I thought the (...)
BRUSSELS: This week in Prague, Russian President Dmitry Medvedev and US President Barack Obama will sign a new strategic arms reduction treaty (START). That agreement is a historic achievement, and an inspiration for further progress in global arms (...)
CAIRO: Egypt s stock market regulator said on Tuesday it had rejected a France Telecom <FTE.PA> offer for the Egyptian Company for Mobile Services (ECMS) <EMOB.CA> shares because the offer was below a court-ordered price.
The (...)
CAIRO: Shares of Mobinil, Egypt s largest mobile firm, surged 20 percent on Monday, leading a telecom rally after a court ruling that Mobinil shares should be sold to France Telecom at a premium.
Mobinil shareholder Orascom Telecom said France (...)
CAIRO: Egypt's main stock index rose by its most in more than a week on Tuesday, led by shares of El Sewedy Cables as investors bet share prices had fallen too low compared to earnings expectations.
The EGX 30 index rose 3.14 percent to 4,214.64 (...)
CAIRO: Mobinil, Egypt s largest mobile operator by subscribers, said on Sunday it was on track to meet its target for 10 percent revenue growth this year and that a dispute between shareholders should be resolved soon.
The first two months of the (...)
CAIRO: Shares of Orascom Telecom rose for a fifth straight session on Thursday despite a decline in Egypt s benchmark index as investors anticipated the firm could post strong earnings.
Orascom shares, which have tumbled more than 30 percent this (...)
CAIRO: Talaat Moustafa Group, Egypt s largest real estate developer by market value, made a fourth quarter net profit of LE 100 million ($18 million), on lower sales, but missed an analyst forecast.
The company said it made LE 1.44 billion net (...)
CAIRO: Egyptian real estate developer SODIC said full-year standalone profit fell 87 percent, but added that profit growth should rebound by 2010 as the company delivers houses to customers.
SODIC s standalone profit for 2008, which does not (...)
CAIRO: Orascom Development Holding said on Sunday it had agreed with the Turkish government to build low- and middle-income housing in Turkey.
Orascom did not give details of the project in a statement on Egypt s stock exchange website, but (...)
CAIRO: Maridive & Oil Services posted its sharpest single-day gain in almost two weeks on Monday, lifting Egypt s index as investors bought its US dollar-denominated shares on hopes the dollar would gain.
The main index rose 1.23 percent to (...)
CAIRO: Ghabbour Auto, Egypt s largest listed auto maker and assembler, could spend as much as LE 1 billion ($180 million) on acquisitions to take advantage of low prices, its chief executive said on Sunday.
Ghabbour was looking to buy auto (...)
CAIRO: Egypt s benchmark CASE 30 index fell nearly 2 percent on Monday as investors sold shares of real estate companies on concerns profits could fall.
The index, which has lost 24 percent this year to Sunday s close, shed 1.81 percent to (...)
CAIRO: Shares of Palm Hills hit their highest level since early November on Sunday, lifting Egypt s broader market as investors deemed them cheap compared to the value of the company s land.
Egypt s second-largest developer by market value surged (...)
CAIRO: Italy s second biggest power producer Edison SpA may sell a 25 percent stake in an Egyptian gas field, the company s chief executive said on Thursday.
Umberto Quadrino also said a 10 percent stake of Edison itself could be sold, confirming (...)
CAIRO: Shares of Orascom Telecom posted their sharpest single-day gain in at least a year on Wednesday, lifting Egypt s main index, as the firm said it would start operations in North Korea next week.
Shares of Orascom, the largest Arab mobile (...)
CAIRO: Ezz Steel, Egypt s largest steel maker by sales, gained for the sixth time in seven sessions on Wednesday, lifting Egypt s index, as investors scrambled for its dividend.
Ezz, the best performer on the benchmark CASE 30 index in the past (...)
CAIRO: Shares of Orascom Construction extended a tumble on Monday, pulling down Egypt s benchmark index, as investors worried that its earnings could fall.
Shares of Egypt s largest builder by market value plunged 13.6 percent to LE 103.02 (...)
CAIRO: The Egyptian economy grew at an annualized rate of 5.8 percent in the three months to the end of September, the lowest quarterly rate in at least two years, the country s economic development minister said.
Minister Osman Mohamed Osman, in (...)
CAIRO: OCI posted a near-fourfold increase in third-quarter net profit on higher fertilizer revenue, but still missed analysts forecasts, sending the stock tumbling.
Egypt s largest builder by market value said it had made $205.1 million in the (...)
CAIRO: Orascom Telecom and Orascom Construction Industries shares plunged on Tuesday after both firms missed third-quarter profit forecasts, dragging down Egypt s index.
The CASE 30 index fell 7.78 percent to 4,205.99 points, the lowest in over 3 (...)
CAIRO: Telecom Egypt said its third quarter profit jumped nearly 35 percent, helped by gains on its investment in mobile operator Vodafone Egypt and more mobile traffic on its network.
Egypt s fixed-line monopoly also said it had agreed with (...)
CAIRO: Shares of Orascom Telecom plunged nearly 10 percent on Wednesday, dragging Egypt s benchmark index to its sharpest single-day fall in two weeks.
Orascom Telecom, the sixth-worst performer on the CASE 30 index this year, shed 9.96 percent (...)
CAIROL Egypt s central bank ended a nine-month cycle of interest rate rises on Friday, saying it would leave rates on hold and signaling it could ease monetary policy in the future to support growth.
The central bank of the most populous Arab (...)