Business
Standard Chartered interested in Piraeus Bank’s Egypt unit
July 15, 2011
Standard Chartered interested in Piraeus Bank’s Egypt unit
ATHENS--Greece's Piraeus Bank said on Friday it had received an indication of interest in its Egyptian banking unit from Standard…
Car insurance companies mull raising premiums by 50%
July 14, 2011
Car insurance companies mull raising premiums by 50%
Ahmed Abul Enein, director of car insurance at the Misr Insurance Company, said that the Egyptian Union of Insurance Companies…
Gulf investors worried, Egypt seen pressured
July 14, 2011
Gulf investors worried, Egypt seen pressured
CAIRO/DUBAI - Gulf firms' quarterly results will take a back seat to developments in Europe as investors worry about whether…
Egypt’s Citadel to proceed with capital raise plans
July 14, 2011
Egypt’s Citadel to proceed with capital raise plans
Egyptian private equity firm Citadel Capital said on Thursday the regulator had agreed to its plans to call a shareholders'…
EgyptAir seat occupancy down 50%
July 13, 2011
EgyptAir seat occupancy down 50%
EgyptAir’s seat occupancy has fallen 50% due to political events taking place in the country, said Egyptian Civil Aviation Minister…
Jordan: Egypt to fix gas pipeline in 7-10 days
July 13, 2011
Jordan: Egypt to fix gas pipeline in 7-10 days
AMMAN--Jordanian Energy Minister Khalid Tuqan said on Wednesday that Egypt is expected to fix its bombed gas pipeline in the…
Egypt’s shares rise most since May as military cedes to protesters’ demands
July 13, 2011
Egypt’s shares rise most since May as military cedes to protesters’ demands
Egyptian shares rallied the most in seven weeks after the government moved to appease demonstrators in several cities and former…
Egypt will not pay compensation for gas halt, says official
July 13, 2011
Egypt will not pay compensation for gas halt, says official
Egypt will not compensate countries that import its natural gas for supply cuts due to the fourth recent attack on…
Egypt seen struggling to finance spending this year
July 13, 2011
Egypt seen struggling to finance spending this year
In a display of financial independence, Egypt's military rulers last month turned down an offer of $3 billion from the…
Energy consortium suing Egypt over pipeline blasts
July 12, 2011
Energy consortium suing Egypt over pipeline blasts
JERUSALEM (AP) — An Israeli board member of a Cairo-based energy company that delivers natural gas to Israel says shareholders…