Interbank rate drops to 8.35 percent
CAIRO: The median overnight interbank rate on the pound fell on Sunday to 8.35 percent from Thursday s 8.397 percent as banks shunned the market in favor of high-yielding central…
New investors join investment wing of CIB
CAIRO: Investors including businessman Naguib Sawiris are pooling their investment banking and brokerage operations with Commercial International Bank (CIB), a statement said on Sunday. Sawiris and Oasis Capital will buy…
New Consumer Protection Law in effect today
Raising awareness the first major challenge for NGOsCAIRO: More than 60 consumer protection NGOs will begin implementation of the country s first consumer protection law today.Ratified in May, the law…
Hundreds of Palestinians wait to cross into Gaza as border passage opens
Associated PressRAFAH: The Egypt-Gaza border crossing opened Saturday, giving hundreds of stranded Palestinians the chance to return to the Gaza Strip for the first time in a month.Egyptian tourism police…
Seventeen members of Muslim Brotherhood detained
CAIRO: Security forces detained 17 members of the banned Muslim Brotherhood on Saturday, security sources said, in a fresh step targeting the country s strongest opposition movement. The sources said…
Egypt warns against any military strike on Iran
CAIRO: President Hosni Mubarak warned against any military strike on Iran in an interview published on Saturday. The United Nations Security Council has demanded Iran suspend uranium enrichment by the…
Summer wedding
ŠΘ###The venue was the garden of his villa in Cairo, here, Sherif Ramzy and Menna Fahmy##The cozy wedding was made up of intimate friends and family, who danced all night…
The bigger the better
Belated but certainly in need, will be Egypt's upcoming financial assistance to Lebanon. Egypt and Lebanon will play a friendly football match on Sept. 5 in Cairo, the proceeds of…
Mobinil awards Thanaweya Amma top students
CAIRO: In line with its role as one of the leading corporate citizens, Mobinil has honored the top achievers of the Thanaweya Amma, the Egyptian high school certificate for the…
Naguib Mahfouz's condition improves
CAIRO: The condition of world renowned Egyptian writer and Nobel literature prize winner Nagib Mahfouz has improved slightly, medics said Thursday, just days after he was put in intensive care.…
