Thursday 3 September 2015
 
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Egyptian

Legendary actor Omar Sharif dies at 83

Omar Sharif, the dashing, Egyptian-born actor who was one of the biggest movie stars in the world in the 1960s, with memorable roles in Dr. Zhivago, Lawrence of Arabia and Funny Girl, has died. He was 83.

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Proposed Egyptian fund to start with $655m in capital

A proposed Egyptian sovereign investment fund will start with capital of five billion Egyptian pounds ($655 million) beginning from the next fiscal year's 2015/2016 budget, the state news agency cited the planning minister as saying on Frida

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GB Auto boosted by record sales revenues

  Egyptian vehicle assembler and distributor GB Auto said that its first quarter net income surged 160.1 percent, boosted by record sales revenue.   "Our g

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EFG-Hermes 2011 profit tumbles 63pc

Egyptian bank EFG-Hermes  reported a 63 percent drop in 2011 net profit on Sunday as the economic fallout from uprisings across the Middle East pushed down brokerage, investment banking and asset management revenue. Net income before

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EFG-Hermes 2011 profit tumbles 63pc

Egyptian bank EFG-Hermes  reported a 63 percent drop in 2011 net profit on Sunday as the economic fallout from uprisings across the Middle East pushed down brokerage, investment banking and asset management revenue. Net income before

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Etisalat unit delays Egypt listing

Etisalat Misr, the Egyptian arm of Abu Dhabi-based telecoms group Etisalat , has delayed a listing on Egypt's stock exchange until market conditions improve, daily newspaper al-Mal quoted the head of Etisalat Misr as saying. Political

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Zawahri takes over as leader of Al Qaeda

Osama bin Laden's long-time lieutenant Ayman Al-Zawahri has taken command of Al Qaeda after the killing of the group's founder and leader, an Islamist website said on Thursday. Egyptian-born Zawahri had vowed earlier this month to press ah

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Egypt pound stable after cbank intervention

The Egyptian pound inched down only slightly in early trade on Wednesday after the central bank stepped in to boost the currency by more than 1 percent in the previous session after it hit a six-year low. The currency has been falling stea

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Egyptians demand affordable homes

Hundreds of Egyptians demanding cheaper apartments rallied outside a government office on Monday, emboldened to press their case by mass demonstrations calling for the overthrow of President Hosni Mubarak. Many stood for hours outside the

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Egypt's Mo'men to sell 40pc stake

Egypt's fast food group Mo'men plans to sell 40 per cent of its shares in an initial public offering (IPO) in late 2012, its chairman said, a rare potential offering on a bourse that has had just one IPO in two years. Mohammad Mo&#

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