EFG-Hermes awarded Saudi license
CAIRO: The Capital Market Authority of the Kingdom of Saudi Arabia (KSA) granted EFG-Hermes a license to operate as an Investment Bank in the Saudi Stock Exchange on Monday. The…
Bahai's still banned after appeals court upholds government's claims
CAIRO: The court of appeals on Monday upheld the government's ban on recognizing the rights of Bahais to have their religion listed on identification cards and passports."I am disappointed that…
Ayman Nour heading back to court
CAIRO: As citizens of Cairo brace themselves for what is likely to be yet another round of solidarity protests for judges Mahmoud Mekki and Hesham El-Bastawisy tomorrow, another familiar face…
Gamal Mubarak meets with U.S. National Security Advisor
WASHINGTON: President Hosni Mubarak s son and presumed political heir talked briefly last week with President George W. Bush while at the White House for meetings with top officials.Gamal Mubarak,…
FM calls for peaceful resolution to Iran nuclear row
TOKYO: Iran, as a member of the nuclear Non-Proliferation Treaty (NPT), has the right to peaceful use of atomic energy but should not be allowed to have nuclear arms, Foreign…
Interior Ministry warns against unauthorized street protests
CAIRO: The Interior Ministry warned Monday that any unauthorized street protests would be dealt with as breaking the law, suggesting that police were likely to arrest political activists if they…
European Union expresses concern over renewal of Emergency Law
VIENNA: The European Union expressed concern Tuesday about the arrests and jailing of demonstrators in Egypt and the country s recent decision to extend the Emergency Law it had promised…
Seabed between Egypt and Cyprus shows signs of containing oil deposits
NICOSIA: Cyprus is pressing ahead with a search for oil and gas amid encouraging signs that deposits could lie beneath the seabed between the island and Egypt, Commerce Minister George…
EU set to finance 200 new "girl-friendly" schools in Egypt
CAIRO: The European Union has pledged to fund 200 new girl-friendly schools countrywide, in a joint bid with the National Council for Childhood and Motherhood (NCCM) to work towards a…
Interbank rate rises to 8.25 percent
CAIRO: The median overnight interbank rate on the pound rose to 8.25 percent on Tuesday from Monday s 8.123 percent with market conditions largely unchanged, bankers said. Four of seven…
