Egypt median o/n interbank rate falls to 8.5 percent
CAIRO: The median overnight interbank rate on the Egyptian pound fell to 8.5 percent at a start on Tuesday of a new two-week period for calculating reserves, from 8.842 percent…
Calyon Egypt 2005 net profit rises 63 percent
CAIRO: Calyon Bank Egypt, which is 75 percent owned by French investment bank Calyon, made a net profit of LE 60.5 million ($10.6 million) in 2005, 63 percent up on…
Egypt to offer 75 to 80 percent of state bank by end of March
CAIRO: The Egyptian government said on Tuesday it would announce an offering of 75 to 80 percent of Bank of Alexandria to a large investor by the end of March…
Trains collide, 20 injured
CAIRO: A train ran into the back of another one in the Nile Delta on Tuesday because of a signal failure and mist, injuring 20 people, officials said. The accident…
Tanker spills fuel after Suez accident
ISMAILIYA, Egypt: A Liberian-flagged tanker lost 3,000 tons of heavy fuel in the Suez Canal on Monday after a collision with a quay caused a leak, an official at the…
Press Round-up
CAIRO: As Egypt's national press is continuously focused on covering President Hosni Mubarak's diplomatic visit to the Gulf, with updates of his tour dominating headlines, opposition and independent newspapers are…
Beyond the alphabet
CAIRO: New in the country? Troubled by the fact that you still can't put together an Arabic sentence? Don't be too frustrated; most Egyptians can't do it either."There is no…
Imprisoned journalist hopes for a pardon
CAIRO: Local press and human rights organizations are still fuming over the one-year prison sentence handed to an Al-Masry Al-Youm journalist. Opposition and independent newspapers are vowing to relentlessly support…
Living in moderation
CAIRO: Being an Islamist is an already assuming task, even in a country that has turned toward Islam in recent years. However, for some, there is a middle road between…
Ancient sun temple with statues of Ramses II uncovered beneath Cairo marketplace
CAIRO: Archaeologists discovered a pharaonic sun temple with large statues believed to be of King Ramses II under an outdoor marketplace in Cairo, Egypt s antiquities chief said Sunday.The partially…
