Moody's downgrades Egypt's credit rating
Report praises accounting modifications for greater transparencyCAIRO: Moody s Investors Service downgraded Egypt s government bond ratings to Baa3 with a negative outlook in local currency and Ba1 with a…
Telecom Egypt eyes Saudi market
Reuters CAIRO: The country s sole fixed-line telecoms operator, Telecom Egypt, is considering competing for Saudi Arabia s second fixed-line license next year, a senior company executive said on Thursday.…
Television campaigns against terrorism
Backers are shadowy but message is clear in graphic TV ad against terrorismAssociated PressCAIRO: A TV commercial aimed at thwarting terrorism has hit Middle Eastern TV networks using high-tech effects…
Rally takes competitors on spectacular trip through the desert
CAIRO: Ten days in Egypt, seven days racing, the Pharaons International Cross Country Rally 2006was a highly successful event across the board. Four hundred and fifty people, as opposed to…
Murderer turns up TV to hide sounds of struggle
Shoe thief apprehended, uncle stabs nephew over shirt and pants CAIRO: Many Egyptians have turned reading the crime section in newspapers into a hobby, some even buying the newspaper only…
Human rights delegation to investigate Abdel Latif case
CAIRO: A delegation of human rights organizations met with El-Minya Governorate officials to discuss the Mohamed Ali Abdel Latif case, who was cleared of charges in Sept. 6, 2006 accusing…
Rachid after closer ties with Russia
Moscow trip enforces economic Eastern-shift policies, seeks progress on FTACAIRO: Minister of Foreign Trade and Industry (MFTI) Rachid Mohamed Rachid arrived in Moscow yesterday to begin a three-day visit aimed…
Telecoms help send Egyptian shares higher
CAIRO: Egyptian shares edged higher on Wednesday, driven by optimism about telecom firms and with investors also buying undervalued stocks, traders said. Telecom Egypt was among the day s best…
IMC secures LE 890 million of loans to manufacturers in fifteen months
CAIRO: The EU-financed Industry Modernization Center has coordinated with a number of Egyptian banks for offering LE 890 million of loans to manufacturers over the fifteen months from July 2005…
'Fatwa' website forum thrives during Ramadan
Muslims can t eat and drink while fasting, but what about smokingAgence-France PresseCAIRO: A Cairo-based website has become a thriving meeting place for Muslim Internet surfers eager to read fatwas…
