Placing brings Egypt's El Sewedy Cables to market
CAIRO: Major shareholders in El Sewedy Cables raised LE 1.29 billion ($224 million) through a private placing carried out through the Egyptian stock exchange, a company statement said on Wednesday.…
Taking a stride in the technology race
CAIRO: Under the auspices of Tarek Kamel, minister of communication and information technology, Orascom Telecom (OT) and Intel Capital, the venture capital investment arm of Intel Corporation, announced on Tuesday…
Verbal clash continues with Interior Ministry
CAIRO: Muslim Brotherhood members in parliament continue to appeal for what they have called a "confrontation with the Ministry of Interior and the Prime Minister. The Brotherhood says they still…
Zahar says Palestinian extremists collaborating with Sinai bombers are not from Hamas or Jihad
CAIRO: Palestinian extremists who Egypt alleges helped militants carry out terror attacks on Sinai tourist resorts are not connected to the Palestinian groups Hamas or Islamic Jihad, the foreign minister…
CORRECTION
In the May 24 edition of the newspaper, story entitled "Mubarak lashes out at press over coverage of protests, The Associated Press erroneously attributed critical comments in a newspaper editorial…
Another postmortem
CAIRO: Speaking earlier at the World Economic Forum on the Middle East, William Rhodes, chairman, chief executive officer and president of Citicorp Holdings and Citibank, said that the ongoing volatility…
Interbank rate falls to 8.27 percent
CAIRO: The median overnight interbank rate on the pound was 8.27 percent on Wednesday, down from Tuesday s 8.283 percent although demand for funds to invest at a central bank…
National Bank of Bahrain looking at Egyptian bank
CAIRO: The Central Bank of Egypt has given National Bank of Bahrain clearance to do a due diligence study on Egypt s Delta International Bank, the Egyptian stock exchange said…
EU outlines farm moves
Reuters PARIS: The European Union outlined to the United States on Tuesday how it might improve on its agricultural offer in a long-delayed global trade round and said the next…
El-Bastawisy leaves hospital and thanks his supporters
CAIRO: An Egyptian judge reprimanded for blowing the whistle on alleged electoral fraud left the hospital Tuesday morning after heart surgery, his wife said.Hesham El-Bastawisy suffered a heart attack last…
