Palestinians to seek release of Barghouti and Saadat in talks led by Egypt
Israel rejects Abbas demand to release militant leadersCAIRO: Israel rejected on Monday demands by Palestinian President Mahmoud Abbas that the Jewish state free two jailed militant leaders in return for…
Egypt to relaunch civil nuclear program
Agence France-Presse CAIRO: Egypt is to relaunch its civil nuclear energy program after a 20-year freeze, with plans for a nuclear power station on the Mediterranean coast, officials said Sunday.…
European papers banned for comments on Islam
CAIRO: Egypt has banned editions of two French and German newspapers, Le Figaro and the Frankfurter Allgemeine Zeitung, because of articles deemed insulting to Islam, the state news agency MENA…
Shortage in poultry supplies continues despite import legislation
Importers: government regulation behind increased import costsCAIRO: The recent government decision to allow for the import of poultry from Brazil is proving to have little effect on reducing the 1…
Stocks flat in Ramadan lull
CAIRO: Stocks were flat on Monday in the absence of major news to move the market during the month of Ramadan. The real estate sector secured some gains, led by…
Egypt to sell Omar Effendi shops for $103 million
CAIRO: The government agreed on Monday to sell 90 percent of the historic department store chain Omar Effendi to the Saudi company Anwal for LE 589.5 million ($102.7 million), state…
Median interbank rate falls to 8.05 percent
CAIRO: The median overnight interbank rate on the pound dropped to 8.05 percent on Monday from 8.395 on Sunday, with the market liquid at the end of the reserve period,…
EFG-Hermes to offer online trading
CAIRO: Cairo-based brokerage EFG-Hermes has obtained a license to offer online trading of Egyptian stocks and will start a gradual launch to existing clients within two weeks, an official said…
OHD says it has permission for Swiss project
CAIRO: Orascom Hotels and Development (OHD) said it had won Swiss government approval for a resort complex in the Swiss village of Andermatt. In a statement received on Monday, the…
Father and son killed in treasure hunt
CAIRO: An Egyptian and his son died when the hole they were digging to find treasure collapsed on them in the early hours of Sunday, the state news agency MENA…
