European Union expresses concern over renewal of Emergency Law

VIENNA: The European Union expressed concern Tuesday about the arrests and jailing of demonstrators in Egypt and the country s recent decision to extend the Emergency Law it had promised…

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Seabed between Egypt and Cyprus shows signs of containing oil deposits

NICOSIA: Cyprus is pressing ahead with a search for oil and gas amid encouraging signs that deposits could lie beneath the seabed between the island and Egypt, Commerce Minister George…

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EU set to finance 200 new "girl-friendly" schools in Egypt

CAIRO: The European Union has pledged to fund 200 new girl-friendly schools countrywide, in a joint bid with the National Council for Childhood and Motherhood (NCCM) to work towards a…

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Interbank rate rises to 8.25 percent

CAIRO: The median overnight interbank rate on the pound rose to 8.25 percent on Tuesday from Monday s 8.123 percent with market conditions largely unchanged, bankers said. Four of seven…

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Calyon Egypt Jan-March net up 481 percent

Head: CAIRO: Calyon Bank Egypt reported a net profit of LE 22.1 million ($3.8 million) in the three months to the end of March, the stock exchange said in a…

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Serb mobile phone firm attracts 10 suitors

BELGRADE: Serbia s privatization agency said 10 firms had expressed interest in the purchase of Mobtel, its first mobile phone company now renamed Mobi 63, at a starting price of…

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Al Ahly takes home league title

CAIRO: Two goals in the first 10 minutes set Al Ahly up for a 2-0 win over arch rivals Zamalek in the Cairo derby and a 31st Egyptian league title.…

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Forgotten history and the sites left behind

CAIRO: Before the 1952 revolution, the Egyptian flag contained a crescent and three stars, each star representing each one of the country's main religions; one symbolized Egypt's 75,000 Jews at…

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