Australian government pressures Muslims to sack leader
SYDNEY, April 9, 2007 (AFP) - The Australian government increased pressure on local Muslims Monday to sack their controversial leader after he reportedly expressed support for the hard-line Islamic government…
Orascom telecom share split on Thursday
CAIRO: A five-for-one split of Orascom Telecom (OT) shares will take effect on Thursday, the company said in a statement on Tuesday.The split does not apply to Orascom Telecom global…
Egypt sees 2007 tourism revenue surging 18 pct
CAIRO: Egypt s revenues from tourism, a key part of the north African nation s economy, is expected to rise 18.4 percent to about $9 billion in 2007, Egyptian tourism…
Market versus democracy: A book about the new global system
CAIRO: Do you know that some 100 multinational companies budgets make up 20 percent of the world s funds? That 51 private monetary establishments own several companies worldwide, compared to…
Egypt indexes hit by profit taking, NBD offer
CAIRO: Egyptian share indexes dipped on Thursday on news of a lower-than-expected bid for National Bank for Development and profit-taking by retail investors after two days of light gains in…
Egypt pound interbank rate down to 8.79 percent
CAIRO: The median overnight interbank rate on the Egyptian pound fell fractionally to 8.79 percent on Thursday from 8.824 on Wednesday in the absence of central bank certificate of deposit…
United Bank for Africa Plc. signs deal with Mediterranean Smart Cards Company
CAIRO: Mediterranean Smart Cards Company (MSCC) recently announced that they have signed an agreement to handle smart card processing for the United Bank for Africa Plc (UBA). As one of…
Abu Dhabi Islamic made only bid for Egypt bank
CAIRO: A consortium led by Abu Dhabi Islamic Bank made the only bid for Egypt s National Bank for Development, offering less than a third of its market price, an…