CAIRO, Nov 15 (Reuters) – Egyptian tycoon Naguib Sawiris,
now seeking to buy a big stake in Telecom Italia, has won
admirers for his risk appetite and straight talk, but his blunt
approach has also often put him in hot water with business
partners and Islamists in Egypt.
The Christian billionaire, 58, made his name building a
telecoms empire in places many feared to tread, such as Algeria,
North Korea and war-torn Iraq.
CAIRO, Nov 12 (Reuters) – Telecom Egypt is in
advanced talks with the government on a deal allowing it to
offer mobile services in addition to its traditional mainstay
fixed-line business, where revenue is under pressure.
Telecom Egypt, which is 80 percent owned by the state, has
been relying on its data business to boost revenue. It also has
a 45 percent stake in Vodafone Egypt, which in the third quarter
accounted for a third of net profit.
LONDON/CAIRO, Nov 8 (Reuters) – Centamin said it
hoped to resolve a court case hanging over its Sukari gold mine
in Egypt during 2013, offering hope to shareholders worried
about the future of the gold miner’s only producing operation.
An Egyptian administrative court ruled at the end of October
that Centamin’s right to operate Sukari was invalid, slicing one
third off the company’s share price in a day.
The new Coptic Orthodox pope said on Monday that a constitution being drafted by Egypt’s politicians must be inclusive and the church would oppose any text that only addressed one part of the Muslim-majority nation.
WADI EL-NATRUN, Egypt (Reuters) – The new Coptic Orthodox pope said on Monday that a constitution being drafted by Egypt’s politicians must be inclusive and the church would oppose any text that only addressed one part of the Muslim-majority nation.
Pope Tawadros II, picked on Sunday in a ceremony steeped in the traditions of a church that predates Islam’s arrival in Egypt, also told Reuters that Christians should be more active in seeking to shape Egypt’s politics after last year’s revolt.
CAIRO, Oct 31 (Reuters) – London-listed goldminer Centamin
will appeal against an Egyptian court ruling that has
declared invalid its rights to operate the Sukari mine, its main
asset, a senior executive said on Wednesday.
Centamin said after Tuesday’s ruling that operations were
continuing at Sukari, its only production asset, and the
administrative court which issued the decision did not have
jurisdiction over its mining rights. But shares in the firm fell
35 percent to 64 pence before trading was suspended.
CAIRO, Oct 24 (Reuters) – The mood of Egypt’s financial
markets is likely to depend heavily next week on the
government’s progress in securing a $4.8 billion loan from the
International Monetary Fund.
An IMF team is expected to come to Cairo for talks after the
Eid al-Adha holidays, which run from this Thursday through
Sunday, according to Egyptian and IMF officials.
CAIRO (Reuters) – Many in the Middle East believe Barack Obama failed to deliver on promises of a new U.S. approach in the region but still prefer him to presidential rival Mitt Romney, who they see as too close to Israel and too keen to project U.S. military might.
Whoever wins the November 6 election faces a knot of regional issues that will not be easy to unravel. World powers are split over the Syria conflict, a row about Iran’s nuclear ambitions rumbles on and Palestinian-Israeli peacemaking is going nowhere.
SANAA/CAIRO (Reuters) – Demonstrators attacked the U.S. embassies in Yemen and Egypt on Thursday in protest at a film they consider blasphemous to Islam, and the United States sent warships toward Libya, where the U.S. ambassador was killed in related violence this week.
In Libya, authorities said they had made four arrests in the investigation into the attack that killed Ambassador Christopher Stevens and three other Americans in Benghazi on Tuesday.
CAIRO, Sept 15 (Reuters) – Clashes near the U.S. Embassy in
central Cairo between police and Egyptians incensed over a film
denigrating the Prophet Mohammad entered their fourth day early
on Saturday, leaving one protester dead and dozens more injured.
The clashes moved to a main road on the banks of the Nile
after authorities closed the street leading to the embassy. The
protesters, many of whom are intent upon breaking into the
embassy, now are seeking alternative routes to the site.