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Dubai-based regional investment bank Ridge Capital has bought 100 percent of Egyptian asset management firm El Rashad Holding, which is expanding its Islamic financing business, its financial adviser said on Tuesday.
May 17, 2012 11:23
Shares in Egypt-based investment bank EFG Hermes rose on Monday following the announcement of an agreement with Qatar's QInvest to form a region-wide investment bank
May 7, 2012 3:27
Egyptian mobile firm Mobinil slumped to a first-quarter net loss of 74 million Egyptian pounds ($12.24 million) due to the costs of switching its network to 3G and said its outlook was uncertain because of political volatility.
May 1, 2012 10:12
Egypt has turned down a request from eight U.S.-based civil society groups for licences to operate in the country, after a crackdown on their activities sparked the first diplomatic spat with Washington since the ousting of Hosni Mubarak.
April 24, 2012 9:05
Egypt's Ministry of Finance will offer 3 billion Egyptian pounds ($494.7 million) in reopened bonds at an auction on April 30, the central bank said on Monday.
April 23, 2012 4:23
Egypt's financial market regulator EFSA said on Sunday that France Telecom can go ahead with a tender offer for a stake in mobile operator Mobinil held by local shareholder Orascom Telecom Media and Technology (OTMT).
April 23, 2012 9:13
Tender offer price remains 202.5 Egypt pounds/ECMS share; Egyptian owner Sawiris to sell most of his stake; OTMT remains in Mobinil via voting rights, board seats; Egypt regulator sees response next week
April 12, 2012 3:18
Monthly revenue from Egypt's Suez Canal rose 3.5 percent in the year to March to $428 million, the Egypt Information Portal website showed on Monday.
April 10, 2012 9:21
Raises co to "buy" from "hold"; Expects earnings growth of 33 pct in 2012
April 9, 2012 5:14
Egyptian Planning Minister Faiza Abu El-Naga said on Monday that Egypt is expected to sign a $3.2 billion financing package with the International Monetary Fund in June, three months later than it had previously hoped.
April 3, 2012 3:58
Morocco has excluded a group led by Egypt-based Orascom Construction Industries from the bidding for the first phase of a major solar energy project, l'Economiste newspaper reported on Friday.
March 24, 2012 3:43
Egypt's Islamist-dominated parliament on Saturday will pick members of a body tasked with drafting a new constitution, a document that could decide which branch of state will effectively rule the country for years to come.
March 24, 2012 3:21
A unit of Egyptian private equity firm Citadel Capital plans to cultivate up to 40,000 acres of farmland in South Sudan to sell staple foods such as maize in the newly-independent nation, an executive said on Tuesday.
March 21, 2012 1:55
"The sarcasm and sad humour reflects a rejection of the past, the oppression, the injustice, the violence," (The vendors) have immortalised the martyrs and made products inspired by the revolution."
March 16, 2012 3:39
After a sharp setback last week, UAE stock markets are now showing high trading volumes. But some say it remains fragile, speculative and depends on a benign global backdrop.
March 15, 2012 11:07People like to say the UAE is a country rife with contradictions-but the point couldn’t be better illustrated by two articles in the local press this week.
May 21, 2012 3:47 0Times are a-changing; the safe UAE Kipp grew up in, is changing too. Be cautious of fraudsters and always be careful with your credit card...
May 20, 2012 4:09 0Great work to everyone who worked on the project :)
May 20, 2012 11:21Thanks for changing it. Thumbs up :)
May 13, 2012 8:25With its bank credit scarce, Dubai is planning to raise at least $500 million by issuing bonds secured against future revenues of Dubai Duty Free. Will shopping save the day?
March 6, 2012 2:18 1"If you can't live with volatility, stay in bed," says 66-year old economist Marc Faber, who cautions people to secure wealth by buying precious metals and investment equities.
March 6, 2012 1:42 1As the world’s most expensive glasses will be launched this Sunday, Kipp takes a look at some of the most expensive and exclusive eyewear.
May 10, 2012 4:21 0Mother’s day is around the corner and if shopping for gifts just isn’t your thing, take a look at Kipp’s top six gift ideas for Mother’s Day…
May 9, 2012 4:37 0
So how exactly is the Municipality executing this campaign? A series of lectures, workshops, film screenings, awareness drive and, wait for it, taxi drivers.
May 21, 2012 3:53
Benevolent master developer to cater for those ‘less-well-heeded,’ with affordable studios at the Palm Views East and West.
May 21, 2012 3:44
People like to say the UAE is a country rife with contradictions-but the point couldn’t be better illustrated by two articles in the local press this week.
May 21, 2012 3:47
Times are a-changing; the safe UAE Kipp grew up in, is changing too. Be cautious of fraudsters and always be careful with your credit card...
May 20, 2012 4:09
