Median interbank rate dips to 8.9 percent
CAIRO: The median overnight interbank rate on the pound dipped to 8.9 percent on Wednesday from 8.972 percent on Tuesday as the absence of central bank auctions pumped liquidity into…
Bourse drifts lower, telecoms down
CAIRO: The bourse was hit by a second, milder day of profit taking across the board after a two-week rally boosted by gains in the telecom sector, traders said on…
Vodafone Egypt, Raya Holding agree on capital increase of Raya Telecom
CAIRO: Vodafone Egypt and Raya Holding have agreed to increase the capital of Raya Telecom Company by about LE 50 million to LE 211.4 million. Medhat Khalil, chairman of Raya…
Newest legal obstacle keeps Egyptian crew stranded
CHARLESTON, South Carolina: An Egyptian freighter and its 29-man crew stranded here for more than three months because of legal and safety problems must remain a while longer because of…
Prosecutor urges Egyptian refugee claimant in Canada to remain behind bars
TORONTO: An Egyptian refugee claimant detained for five years without charge as a suspected terrorist ought to remain behind bars because he still poses a critical threat to public safety,…
Abbas says coalition talks with Hamas have broken down
RAMALLAH: Palestinian President Mahmud Abbas on Wednesday gave Hamas two weeks to accept a moderate political platform for a unity government, ahead of talks with U.S. Secretary of State Condoleezza…
Sudan open to dialogue with UN over Darfur, says official
Agence France-PresseKHARTOUM: Sudan continues to oppose deployment of a United Nations peacekeeping force to war-torn Darfur but is open to discussing UN support for an African Union force already there,…
Gaza's border with Egypt reopens
RAFAH: The Rafah border terminal between Egypt and Gaza, the Palestinian territory s only gateway to the world that bypasses Israel, has been reopened for two days, officials said Wednesday.…
Rice seeks end to violence among Palestinian factions, pushes for democracy
CAIRO: U.S. Secretary of State Condoleezza Rice on Wednesday held talks with Palestinian President Mahmoud Abbas at his leadership headquarters in the West Bank town of Ramallah. Rice arrived in…
American Fascism or Islamic Fascism?
Book Review: Conservatives without Conscience John W. Dean; Penguin Group; 186 pages; $25.95.Given the opportunity to correct President Bush's political blunder wherein he stated that "this nation is at war…
