Median interbank rate rises to 8.65 percent
CAIRO: The median overnight interbank rate on the pound rose to 8.65 percent on Thursday from Wednesday s 8.528 after auctions for higher-yielding certificates of deposit drained market liquidity, traders…
Egypt asks UN to give Sudan more time on peacekeepers
CAIRO: Egypt urged Britain and the United States Wednesday to give Sudan more time before pushing forward a UN resolution calling for the deployment of UN peacekeepers in war-torn Darfur.…
Australia warns citizens of possible terrorist attack in Egypt
CANBERRA: The Australian government on Thursday warned its citizens there was a high threat of a terrorist attack in Egypt, including the tourist resort of Sharm El-Sheikh.The Department of Foreign…
Word on the Street
Reacting to UN Resolution 1701CAIRO: Following the 34-day war between Israel and Hezbollah, the UN Security Council imposed Resolution 1701. The resolution is aimed at ending the conflict between Israel…
EU to seek new Mideast talks based on 1967 borders
Reuters BRUSSELS: The European Union is set to launch a drive this week to revive long-stalled Middle East peace negotiations based on the principle of a return to Israel s…
UNCTAD report proves conventional economic theories wrong
CAIRO: In what could be described as a revolutionary economic study, the United Nations Conference on Trade and Development (UNCTAD) issued their 2006 report, rebuffing conventional theories governing economic growth…
Bidding a fond farewell to the Arab world's Shakespeare
CAIRO: Egypt bade farewell Thursday to its Nobel prize-winning novelist Naguib Mahfouz, celebrated as one of the greatest writers in modern Arab literature, who died at the age of 94.…
Lebanese musicians honor their nation in a somber but hopeful concert
CAIRO: Last night at the Cairo Opera House Lebanese musicians sang of love, suffering and change at a benefit concert entitled Beirut Won't Cry. The meaningful performances were meant to…
From pashas to the people: Egyptian photography enters the information age
CAIRO: As an art form, photography in Egypt was once the province of a handful of Armenian artists who brought the first cameras to the country and established small downtown…
Naguib Mahfouz, Egypt's Nobel laureate laid to rest
Novelist Naguib Mahfouz was laid to rest, yesterday, during a state funeral. Mahfouz, was hospitalized last month after he fell in the street, and died after suffering from a bleeding…