Central Bank announces non-performing loan settlement program
13,000 borrowers owed LE 1.5 billion to public banks at the end of 2006CAIRO: Central Bank Governor Farouk El Okdah announced Monday the launch of a program to settle the…
Egyptian stocks rebound
CAIRO: Egyptian stocks bounced back from recent dips on Tuesday with the real estate sector and related building and construction stocks boosted by foreign investors, traders said. Traders said six…
Arab peace initiative not negotiable, says Moussa
CAIRO: Arab League Secretary General Amr Moussa said on Sunday that an Arab peace initiative stipulating that Arabs normalize ties with Israel in exchange for a full withdrawal from occupied…
Storm brewing between Israel and Egypt over POWs
JERUSALEM: A diplomatic row threatened to erupt between Israel and Egypt on Monday over claims that an Israeli unit had killed Egyptian prisoners of war during the 1967 Arab-Israeli war.…
Iraqi FM says he opposes efforts suggested by Arab League chief to involve UN Security Council in Iraq crisis
Associated Press CAIRO: Iraq s foreign minister on Monday said his government would oppose efforts to involve the UN Security Council in plans to stem the violence in Iraq, insisting…
Hamas leader Khaled Mashaal secures Iranian pledge of fund for his group
TEHRAN: Hamas leader Khaled Mashaal extracted from Iran Tuesday a pledge to fund his group to compensate for the West s financial blockade of the Palestinian government.Mashaal, who arrived in…
Ehab El Khouly wins Al Ghad party's presidency
CAIRO: Lawyer Ehab El Khouly was elected the new leader of Al Ghad opposition party in a close race against engineer Wael Nawara last week.A dozen anti-riot police armored vehicles…
Popular anger at Israel grows, but state does not follow, say experts
CAIRO: The temperature of Egypt's cool peace with one-time adversary Israel appeared to be heading towards record lows this week, amid allegations that the Israeli military executed Egyptian prisoners of…
MPs debate citizenship, doubt sincere implementation
CAIRO: A suggestion to include a clause on citizenship rights to Article 1 of the constitution was fiercely debated in parliament last week. The amendment is one of 34 changes…
