New natural gas field discovered in Sinai Peninsula
EL-ARISH, Egypt: Egypt has discovered a new natural gas field in the northern Sinai, the local government announced Tuesday.The state oil company Petrobel uncovered the field near the Sinai village…
Preliminary report on ferry sinking in two months
CAIRO: A preliminary report into what caused an Egyptian ferry to sink in the Red Sea last month with the loss of about 1,000 lives would be released in two…
Promoting commitment to public service
CAIRO: Initiating activities aimed at engaging students in community service, fostering their efforts toward lifelong commitment and promoting philanthropy in the region are the main objectives of the newly inaugurated…
Muslim Brotherhood launches bird flu awareness campaign
CAIRO: The Muslim Brotherhood has launched an awareness campaign of its own to contain the spread of bird flu and assist Egypt s dilapidated poultry industry. Strongly criticizing the government…
EFG-Hermes drags stocks down
CAIRO: Retail market leader EFG-Hermes dragged Egyptian stocks down on Tuesday in a market driven by anxieties over a 16 percent decline in the benchmark index over the past five…
The third operator is calling
CAIRO: Chairman of the National Telecommunication Regulatory Authority (NTRA), Amr Badawy, announced that bidders with local partners will have more weight than those without and will immediately receive 25 of…
Egypt, South Korea pledge to boost trade ties
CAIRO: The presidents of Egypt and South Korea pledged Tuesday to work to boost relations and increase the volume of trade between their countries that amounted last year to around…
Mubarak would retire if he finds successor
CAIRO: The main political adviser to President Hosni Mubarak said on Tuesday that Mubarak would welcome retirement if he could find a replacement. But the Mubarak family is not thinking…
Vietnam signs cooperation and double taxation agreements with Egypt
CAIRO: The Egyptian Vietnamese Joint Committee concluded its second meeting this week after a lull of nine years with the signing of agreements on avoidance of double taxation and tourism…
Median o/n interbank falls to 8.45 percent
CAIRO: The median overnight interbank rate on the Egyptian pound fell to 8.45 percent on Tuesday from 8.598 percent on Monday as funds maturing into the market outstripped those sought…
