Median overnight interbank rate falls to 8.15 percent
CAIRO: The median overnight interbank rate on the pound fell to 8.15 percent on Thursday from Wednesday s 8.404 percent because the central bank accepted fewer bids than expected in…
Greek Eurobank says looking for more acquisitions
ATHENS: EFG Eurobank CEO Nikos Nanopoulos said on Thursday the bank was looking for other acquisitions in new countries beyond the Balkans and Turkey, and was eyeing Bank of Alexandria.…
Insurance brokers concerned with liberalization
CAIRO: The newly-formed Egyptian Insurance Brokers Association (EIBA) is concerned that the latest amendment to the insurance law will threaten the welfare of local brokers.The amendment is currently being discussed…
Venezuelan Carlos Coste takes free-dive world record with 140 meter plunge
SHARM EL-SHEIKH, Egypt: Venezuelan Carlos Coste set a world record in free-diving on Tuesday, reaching a depth of 140 meters and returning to the surface without scuba equipment in the…
Poultry industry in supply crunch after bird flu
CAIRO: After five human deaths and 20 million culled birds, Egyptians are returning to chicken as their main source of animal protein, creating a supply crunch as slaughter houses struggle…
French and Egyptian tourism ministers, families commemorate victims of 2004 plane crash
SHARM EL-SHEIKH: Mourners on Wednesday sailed into the Red Sea to throw flowers, photos and, in some cases, the cremated ashes of their relatives lost in a 2004 plane crash…
Braving the farce
CAIRO: Battling to regain their homeland and a national identity is, in all likeliness, at the top of Palestinians' list of priorities, but smaller battles dominate their day-to-day lives. They…
Egyptians in four American states stage protests in support of detained activists
CAIRO: In four American states, some 50 U.S. residents of Egyptian origin and American activists protested in support of political and human rights activists recently detained by security forces and…
Popular Egyptian blogger arrested
CAIRO: With the arrest of Alaa Seif al-Islam on Sunday, Egyptian bloggers are feeling the heat. No longer are they under the radar of security personnel reading what they write…
Judges due back in court on fraud claims
CAIRO: Two judges accused of exposing alleged occurrences of vote rigging by other magistrates during last year's parliamentary elections are due back in court today. A disciplinary hearing will be…
