Israel-Lebanon conflict hits Egyptian stocks
CAIRO: Conflict between Israel and Hezbollah along Lebanon s southern border hit Egyptian stocks hard on Wednesday, as jittery investors took profits from a two-week rally. Brokers said news that…
Egypt should hold rates until inflation tamed says IMF
CAIRO: The Central Bank of Egypt (CBE) should resist further interest rate cuts until low inflation is the norm, despite a plunge in consumer prices since 2005, the International Monetary…
Archeologists discover ancient Greek carvings
CAIRO: Egyptian archeologists have discovered carvings with Greek inscriptions dating back to the era of the second century Roman Emperor Marcus Aurelius, the Supreme Council of Antiquities announced Tuesday.The carvings…
Crew of Egyptian ship stranded
Red-tape keeps cargo ship dockedCHARLESTON, South Carolina: A legal fight has left an Egyptian cargo ship and its crew of 29 stranded in Charleston.The Edco was ordered by a federal…
English Premiership to court Egyptian international
Rovers boss Hughes eyes Mido LONDON: Blackburn manager Mark Hughes revealed on Tuesday that he is trying to sign Egypt striker Mido from Italian club Roma.Mido, 23, is available after…
A memorable cup
CAIRO: The 2006 World Cup will go down in the books as a tournament which features egregious mistakes by referees, unprecedented bookings, as well as solid defensive tactics which overshadowed…
"Lumpy skin disease" threatens food security, say agricultural experts
CAIRO: Agricultural and veterinary experts have issued warnings that the continued spread of so-called "lumpy skin disease (LSD) among livestock could threaten food security, along with the livelihoods of thousands…
Much anticipated premiere of "Halim" runs smoothly
Film premier is a tribute to Abdel Halim Hafez and Ahmed ZakiCAIRO: As the tunes of Abel Halim Hafez's songs echoed throughout the Cairo Opera House, the country's most prominent…
Financial executives foresee weaker correlation with Gulf stock markets
Managed funds and increased institutional investment are keys to stabilityCAIRO: Everything looks different in hindsight. Not long ago spectators marveled at the miracle of the Egyptian stock market. During a…
