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…
Crime Scence
Crocodile leads police on goose chase; magic gone bad in EgyptCAIRO: The widespread spirituality of Ramadan can be felt everywhere in Egypt - except on the crime pages, with the…
AUC reacts to Lebanon's tragic events
Fund raising events will span 33 days to remember days under attackCAIRO: Expressing solidarity in the tragic events that occurred in Lebanon over the summer, the entire community of the…
The Crusaders are coming?
'The Pope has slandered Islam by equating it with violence and irrationality. Let's bomb the Vatican.' No one to my knowledge has actually said so, though they might as well…
