MP who proposed shooting protestors 'reprimanded'
CAIRO: The People’s Assembly (PA) reprimanded National Democratic Party member Nasha’at El-Qassas on Sunday for proposing that police “shoot” protestors last month in the wake of the April 6 demonstrations.…
Egypt opens bidding for two cement licenses
Egypt opened bidding for two cement production licenses on Monday but will not allow existing cement firms in Egypt to bid in an effort to boost competition and bring down…
Egypt's HDB says rights issue 71 pct covered
Egypt's Housing and Development Bank said a rights issue had been 70.8 percent covered, the stock exchange reported on Monday. The rights issue was part of plans to raise the…
Egypt 266-day T-bills average yield rises to 10.413 pct
The average yield on Egyptian 266-day treasury bills rose to 10.413 percent at an auction on Monday, compared with 10.141 percent at the last auction on April 12. The central…
Nigeria's pay TV launches 24-hour news service
LAGOS: Nigeria's private pay TV station NN24 on Monday began a 24-hour news coverage service in a first for the west African country, its promoters told AFP. "Today is the…
Orascom must disclose more on Mobinil, says regulator
Orascom Telecom has a week to disclose further detail on the Mobinil deal reached with co-owner France Telecom, Egypt's market regulator said on Monday. The Egyptian Financial Supervisory Authority said…
Egypt index gains, led by Mobinil
Egypt's main index rebounded from losses over the last three days, led by Mobinil, which rose steadily during the session. Mobinil ended 3.1 percent higher and the index 0.7 percent…
Car bomb goes off in Nigerian oil city, no one hurt, says official
YENAGOA: A car bomb exploded in the capital of Nigeria's oil state of Bayelsa, near two properties owned by the deputy governor who has been embroiled in a row with…
Reformist ex-official stabbed at Iran University
DUBAI, United Arab Emirates: An Iranian pro-reform website says that a former government official, known as a supporter of the opposition, was stabbed at a Tehran university. The Rahesabz website…
Gunfire kills one as south Yemen holds strike
SANAA: One man was killed and two others were wounded as gunmen opened fire on a marketplace in south Yemen during a protest strike called by a separatist movement on…