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21 Jul 2015

Bank of America Reports Second-quarter 2015 Net Income of $5.3 Billion, or $0.45 per Diluted Share

Results Include $0.7 Billion ($0.04 per Share) in Favorable Market-related Net Interest Income Adjustments


Noninterest Expense Declines to $13.8 Billion; Lowest Level Since Q4-08

Continued Business Momentum


21 Jul 2015

20 Jul 2015

Miniseries about Egypt's Tutankhamen premieres in US, features Ben Kingsley

Starring Sir Ben Kingsley and Avan Jogia, a three-part miniseries 'Tut' is being aired on Spike TV between 19 and 21 July.

Directed by David Von Ancken and shot in the Moroccan city of Ouarzazate, a miniseries called Tut aired for the first time on 19 July on US cable network Spike."...

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20 Jul 2015

Two 4,000-year-old reliefs discovered in Egypt

Egyptian Antiquities Minister Mamdouh Eldamaty announced Sunday that two reliefs dating to 4,000 years ago were found by Polish archaeologists in the temple of Serapis belonging to the Ptolemaic Queen Berenice, on the coast of the Red Sea.


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20 Jul 2015

CF Holds Talks With Dutch Rival OCI About Fertilizer Deal

CF Industries Holdings Inc., the largest U.S. producer of nitrogen-based fertilizer, said it’s in preliminary talks about a combination with certain businesses of Dutch rival OCI NV.


There’s"...

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20 Jul 2015

‘The Platform: silent screams of refugees in Egypt

Unleashing the hidden side of the refugees’ conditions in Egypt, the Platform is a one-issue magazine produced as a graduation project of three Egyptian students at The Faculty of Mass Communication of October University for Modern Sciences and Arts (MSA.)


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20 Jul 2015

Valeant buys Amoun Pharma for larger slice of MENA market

Canada's Valeant Pharmaceuticals has agreed to buy Egyptian drugmaker for $800m as part of an expansion into the Middle East and North Africa (MENA) market.


The agreement with Amoun's parent company Mercury (Cayman) Holdings includes a manufacturing facility just outside Cairo and is one of the largest acquisitions"......

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20 Jul 2015

Egypt: Bourse Gains Egp 12.5 Billion in Week

The Egyptian Exchange closed this week with gains amounting to EGP 12.5 billion.


The capital market rose to EGP 486.5 billion, 2.6 percent more than the week before.


During"......

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20 Jul 2015

Can we really eliminate FGM in Egypt by 2030?

Despite the popular euphemism “female circumcision”, female genital mutilation (FGM) is widely acknowledged as being an extremely harmful—and sometimes life threatening—practice. But because of social, cultural and religious reasons, the challenges to ending this"...

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20 Jul 2015

Over 41,000 Egyptians, foreigners visited Giza Pyramids during Eid holidays

A total of 41,042 Egyptian and foreign tourists visited the Giza Pyramids during the three days of Eid holidays, head of the Cairo and Giza Central Administration for Antiquities Kamal Wahid told MENA on Sunday.


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