Housing stocks up on mixed Egypt stock market
CAIRO: Investor interest in housing stocks helped up small and mid-cap Egyptian shares on Tuesday amid expectations firms in the sector will benefit from increasing land prices, traders said. The…
Investment Minister: PM to keep post
CAIRO: Prime Minister Ahmed Nazif will keep his post in a new cabinet and form a new government following recent parliamentary elections, Investment Minister Mahmoud Mohieldin said on Tuesday.Mohieldin, speaking…
National Bank of Egypt to merge with Tegaryoun bank
CAIRO: Egypt's Bank of Commerce and Development (Al-Tegaryoun) will merge with the state-owned National Bank of Egypt (NBE) with effect from Thursday, the stock exchange said in a statement on…
Assessing the exchange
CAIRO: As the excitement over Telecom Egypt's initial public offering (IPO) settles, the Cairo and Alexandria Stock Exchanges Chairman Maged Shawky spoke to The Daily Star Egypt about recent developments…
Saddam on trial
CAIRO: During his trial last week,incarcerated fromer Iraqi leader Saddam Hussein accused his American guards of torturing him, an allegation that provoked diverse reactions inside Egypt. Human rights groups, however,…
Washington speaks out against Nour verdict
NEW YORK: The sentencing of El-Ghad party leader Ayman Nour to five years imprisonment on charges that he forged signatures to register his party has received sharp criticism from Washington.…
Egypt-Turkey to sign free trade zone agreement
CAIRO: Minister of Foreign Trade and Industry Rachid Mohamed Rachid and Turkish Minister of State Kursad Tuzmen announced that Egypt and Turkey will sign a free trade zone agreement today…
Order in court?
CAIRO: Ayman Nour's trial was a circus, complete with baying audiences, strongmen keeping ravenous hordes at bay and cages being rattled in a desperate attempt at freedom.The problem is, the…
EgyptAir signs environment-friendly protocol
CAIRO: In an effort to activate its role in environmental protection, EgyptAir Holding Company signed a collaboration protocol with the Ministry of State for Environmental Affairs.The holding company's role would…
Egypt median o/n interbank rate dips to 9.15 pct
CAIRO: The median overnight interbank rate on the Egyptian pound inched down to 9.15 percent on Sunday from 9.155 percent on Thursday in the middle of a period for calculating…
