GB Autos quarterly income up 160 on record sales revenues

AME Info - Friday 17th May, 2013

Egyptian vehicle assembler and distributor GB Auto has reported a 160.1% surge in its first quarter net income, boosted by record sales revenue, Reuters has reported. Net income rose to EGP47.3m ($6.8m) from EGP18.2m in the first quarter of 2012, while sales revenue climbed to EGP2.08bn from EGP1.71bn. "Our growth this quarter reflects strong showings from regional operations in Iraq and ...

Egypts Commercial Intl posts 30 jump in Q1 profit

AME Info - Friday 17th May, 2013

Egypt's biggest listed bank Commercial International Bank (CIB) has posted a 30% year-on-year jump in its first-quarter consolidated net profit to EGP658m ($94.4m) as its interest margin widened, Reuters has reported. Revenue rose by an annual 40% to EGP1.61bn. Deposits grew by 9.3% during the quarter to EGP86.1bn, while lending rose 3% to ...

One dead dozens wounded in sectarian clashes in Egypt

Reuters - Friday 17th May, 2013

ALEXANDRIA (Reuters) - One person died and dozens were wounded during clashes between Muslims and Christians late Friday night outside a Coptic church in Egypt's second city, state newspaper al-Ahram reported, in the latest violent sectarian row in the Muslim-majority ...

Briton dies in Egyptian resort

Belfast Telegraph - Friday 17th May, 2013

Egypt . The incident occurred in a pool in the hotel's waterpark."Our thoughts and condolences are with the family at this extremely difficult time. The British Consulate were immediately informed and they are now working with our dedicated resort team in Egypt, to offer every assistance possible to the family in resort."In partnership with the hotelier, our resort team are ...

Egypt quarantines 234 in university dorm over H1N1

General Sources - Friday 17th May, 2013

CAIRO (Reuters) - Egypt has detected the H1N1 flu virus in two students at the American University in Cairo and has put 234 students and staff under quarantine in a Nile island dormitory, health and university officials said on ...

Mubarak talks for 1st time since detention

SINA - Friday 17th May, 2013

In his first comments to the media since he was detained more than two years ago, Egypt's former President Hosni Mubarak said he is dismayed at the country's state of affairs and particularly the plight of the poor. The 85-year old Mubarak spoke to Al-Watan newspaper after a session of his retrial for his role in the killing of hundreds of protesters during the popular uprising that ...

World Briefing | Middle East Angry Egyptian Police Close Gaza Crossing

International Herald Tribune - Friday 17th May, 2013

Egyptian police officers blocked the Rafah crossing into the Gaza Strip on Friday to protest the kidnapping of seven of their colleagues by Islamist gunmen, witnesses said. Officers strung barbed wire across the border post and chained up the gates, leaving hundreds of Palestinians stranded on both sides of the fence, residents said. Gunmen abducted the seven security officers ...

Video Kidnapping prompts Egypt-Gaza border closure

The Globe and Mail - Friday 17th May, 2013

Egyptian police close Rafah border crossing to protest against government's inaction over the kidnapping of security forces in Sinai. Lindsey Parietti ...

British Girl Drowns In Pool At Egyptian Resort

Orange News - Friday 17th May, 2013

A six-year-old British girl has drowned in a pool at an Egyptian resort in Sharm el Sheikh. The Foreign Office confirmed the death and said it was "providing consular assistance to the family at this difficult time". More ...