Gamal Mubarak slams U.S. ambitions in the region, proposes nuclear development
Ruling party holds major conference amid skepticism over reform plans to pave the way for his son to succeedCAIRO: A meeting of Egypt s ruling party Tuesday offered President Hosni…
Median interbank rate steady at 9 percent
CAIRO: The median overnight interbank rate on the pound was 9 percent on Tuesday, barely changed from Monday 9.022 percent, with bankers shunning interbank trade in favor of central bank…
Telecom Egypt seeks bigger Vodafone Egypt stake
CAIRO: Telecom Egypt said on Tuesday it would seek to increase its stake in Vodafone Egypt by up to 24.4 percent in a deal worth LE 5.856 billion ($1.02 billion).…
Ministry of Trade struggles to enforce cement price cap
Rachid promises tough measures ; some producers lower factory price to LE 300CAIRO: Almost one month after the government capped the ex-factory and retail prices of cement at LE 290…
Egyptian regulator to unveil takeover code on Nov. 1
Reuters DUBAI: Egypt s capital markets regulator will introduce a takeover and acquisition code governing publicly listed companies on Nov. 1, the exchange chairman said. Hani Sarie-Eldin said the Egyptian…
Colombians held by Bedouins arrive at embassy in Cairo
BOGOTA, Colombia: Six Colombians kidnapped by tribesmen and held for months in the Egyptian desert while trying to cross illegally into Israel have arrived safely at Colombia s embassy in…
Press round-up: Pope's comments on Islam makes headlines around the world
School starts without a tour by the minister of educationCAIRO: Independent and national newspapers focused heavily on Pope Benedict s comments on Islam and the Prophet Mohammed and the consequences…
Tourism numbers fall for third month running
CAIRO: The number of people visiting Egypt fell 5.5 percent year-on-year in July, according to figures available on Monday, the third consecutive monthly drop since April bombings in a Red…
Still not your ideal swimming pool, Nile cleaned up
CAIRO: The waters of the Nile are running cleaner this week after dozens of volunteers taking part in a United Nations-sponsored drive removed more than a ton of trash from…
