Four banks interested in United Bank of Egypt
CAIRO: The Central Bank of Egypt has given four banks permission to undertake due diligence checks on United Bank of Egypt (UBE) as the prelude to a possible takeover, a…
Sunken treasures resurface
CAIRO: Immersed in the choppy waters of the Mediterranean lurk treasures from the era of Anthony and Cleopatra.Until today, only few adventurous divers and the fish could enjoy the colossal…
Airport detentions source of humiliation
NEWARK, New Jersey: For years, Egyptian native Mohamed Younes protested the questioning and detention of Muslim and Arab-American air travelers when they were stopped at airports on security grounds. Now,…
Middle East, North Africa risk HIV/AIDS epidemic
CAIRO: It was 1986 when the first case of HIV was reported in Egypt. The patient, a man in his 20s, was quarantined against his will at one of Egypt's…
Childhood revisited
There are different ways to read Sayyid Qutb's autobiography A Child from the Village. One can simply view it as an intimate document of rural life at the turn of…
Artists in protest
CAIRO: For thousands of years, art has held an honored place in Egypt, being rich with both artists and patrons.While art continues to have an influence on the people of…
Equipment delays exploratory drilling
CAIRO: Royal Dutch Shell said on Sunday it had found up to 1 trillion cubic feet (tcf) of gas so far in a deepwater concession in Egypt, but a rig…
Stock market recovers after last week's volatility
CAIRO: Share prices increased Sunday after last week's significant volatility, associated with the start of trading in Telecom Egypt (TE) shares.The CASE 30 index, which tracks the top thirty stocks…
Prime Securities cut target price for EAB
CAIRO: Prime Securities cut its target price for Egyptian American Bank (EAB) to LE 62 a share from LE 64 pounds after the bank released results for the first nine…
Nour continues hunger strike
Appealing for the sympathy of the public and attention of the officials, Ayman Nour, leader of El-Ghad (Tomorrow) Party, continues his hunger strike for an eighth day - lying in…
