Median interbank rate falls to 8.05 percent
CAIRO: The median overnight interbank rate on the pound dropped to 8.05 percent on Monday from 8.395 on Sunday, with the market liquid at the end of the reserve period,…
EFG-Hermes to offer online trading
CAIRO: Cairo-based brokerage EFG-Hermes has obtained a license to offer online trading of Egyptian stocks and will start a gradual launch to existing clients within two weeks, an official said…
OHD says it has permission for Swiss project
CAIRO: Orascom Hotels and Development (OHD) said it had won Swiss government approval for a resort complex in the Swiss village of Andermatt. In a statement received on Monday, the…
Father and son killed in treasure hunt
CAIRO: An Egyptian and his son died when the hole they were digging to find treasure collapsed on them in the early hours of Sunday, the state news agency MENA…
Crime Scence
Crocodile leads police on goose chase; magic gone bad in EgyptCAIRO: The widespread spirituality of Ramadan can be felt everywhere in Egypt - except on the crime pages, with the…
AUC reacts to Lebanon's tragic events
Fund raising events will span 33 days to remember days under attackCAIRO: Expressing solidarity in the tragic events that occurred in Lebanon over the summer, the entire community of the…
The Crusaders are coming?
'The Pope has slandered Islam by equating it with violence and irrationality. Let's bomb the Vatican.' No one to my knowledge has actually said so, though they might as well…
Inflammatory remarks and incidents keep providing fuel for the flame of righteous indignation
CAIRO: It s the same argument all over again, but we never seem to tire of the same vicious circle. The Danish cartoons weren t the first to offend Muslims…
In Pharaohs' footsteps, Egypt eyes new gold-mining era
Agence France-PresseRED SEA HILLS: After a 2,000-year lapse, Egypt is looking to acquire a gold-mining industry again by revisiting ancient deposits of the precious mineral that symbolized the glory of…
Egyptian microfinance sector set to expand, says French NGO
CAIRO: The microfinance industry in Egypt has grown rapidly in the last several years and faces a potential eight-fold increase in the number of clients, according to figures compiled by…
