News in brief
Egypt index down 1.3 pct in low volumes Egypt s benchmark index dips 1.3 percent on Monday, its sixth losing session in seven, with selling pressure seen in most of…
Suez Cement to start importing clinker
CAIRO: Suez Cement, one of Egypt s largest listed cement makers, plans to begin importing clinker and bagged cement to meet growing demand in the Egyptian market, the company said…
Britain slaps partial arms embargo on Israel
JERUSALEM: Britain has imposed a partial arms embargo on Israel over the Gaza war, refusing to supply replacement parts for navy gunships used in the offensive, a newspaper reported on…
Defense team of alleged 'terror cell' files complaint against interior minister
CAIRO: The defense team representing the 26 alleged members of a "terrorist cell arrested last week filed on Monday a complaint to the State Council's Administrative Court against interior minister…
Detained Brotherhood leader admitted to hospital
CAIRO: Detained Muslim Brotherhood leader Abdel Moneim Aboul Fotouh was admitted into Qasr Al-Aini Hospital Monday morning after he experienced difficulty breathing. The chairman of the Arab Doctors' Syndicate was…
Israelis object to choice of Egypt envoy
CAIRO: Israeli Foreign Minister Avigdor Lieberman's choice for the next Israeli ambassador to Egypt has sparked debate in the Israeli media and among government officials who criticize it as a…
Ayman Nour faces setbacks prior to 2011 elections
CAIRO: Two years prior to Egypt s scheduled 2011 presidential elections, former Al-Ghad party chairman Ayman Nour faces difficulties campaigning for the presidency.Nour is experiencing early challenges. In an interview…
Rafah movement commemorates one-month presence on border
CAIRO: The International Movement to Open the Rafah Border (IMORB) commemorated Monday its month-long presence at the Rafah border crossing by building their own latrine after authorities placed barbed wire…
Consumer confidence down, says survey
CAIRO: MasterCard regional executives convened on Monday to announce the latest results of their Consumer Market Outlook survey, conducted semi-annually across 21 countries in Asia, the Middle East, and Africa.The…
14 pct increase in Egypt oil demand expected by 2013, says report
CAIRO: Oil demand in Egypt is expected to rise 14 percent by 2013 from an estimated 671,000 barrels per day (bpd) in 2008 to 771,000 bpd, according to a report.…