Median o/n interbank steady at 8.6 percent
CAIRO: The median overnight interbank rate on the Egyptian pound was 8.6 percent on Monday, little changed from Sunday s 8.583 percent as bankers awaited the result of a 182-day…
EFG-Hermes says 2005 net profit up about 560 pct
CAIRO: Cairo-based EFG-Hermes Holdings said on Sunday its unaudited 2005 net profit had risen by about 560 percent to between LE 348 million and LE 356 million ($60.73 million and…
Ancient war goddess statues unearthed in Egypt
CAIRO: A team of Egyptian and German archeologists has unearthed six statues of the lion-headed war goddess Sekhmet during restoration work at an ancient temple in the southern city of…
Foreign ministers of Egypt and Burkina Faso discuss student protest at Cairo embassy
CAIRO: The foreign ministers of Egypt and Burkina Faso spoke Sunday about an angry protest in Cairo last week and the subsequent arrest of 35 students, a Foreign Ministry statement…
Reporters and housing minister reconcile
CAIRO: In an unexpected change of heart, former Housing Minister Ibrahim Suleiman agreed to reconcile with the press, reportedly withdrawing more than 30 libel cases and petitions that he had…
Paradise Now sparks anger on Oscar night
CAIRO: For the Arab world, the stakes were high at this year's Academy Awards. Palestinian director Hany Abu-Assad's controversial film, Paradise Now, has already won Hollywood's second highest honor, the…
Arab League decides to open office in Baghdad
CAIRO: The Arab League decided on Saturday to open an office in Baghdad as part of its preparations for a reconciliation meeting of Iraqi politicians to be held in Iraq…
Quiet surrounding voter registration angers opposition
CAIRO: Egyptians have until March 9 to register tand receive a voting card, which allows the holder to vote in any future presidential elections or national referendums.The lack of publicity…
A walk-in kaleidoscope
CAIRO: What is a Kaleidoscope? According to the Merriam Webster dictionary, it is an instrument containing loose bits of colored material, perhaps glass or plastic, between two flat plates and…
Investors eyeing textile industry
CAIRO: According to the Ministry of Trade and Industry, international investors are eyeing the Egyptian textile industry.The ministry stated that it is developing and aiding in the growth of textile…
