Commentary: Egypt fosters false economic expectations
By Una Galani/Reuters Breakingviews DUBAI: Egypt is fostering false economic expectations. In the post-Mubarak era, the moderate Muslim Brotherhood movement's call for "social justice" is now popular with almost every political…
Piraeus says StanChart ends talks to buy Egypt arm
CAIRO: Standard Chartered has ended talks to acquire the Egyptian unit of Greece's Piraeus Bank because of a worsening economic climate, Piraeus said on Monday. Egypt's crisis-hit economy suffered a…
Morgan Stanley resumes Middle East gasoline trading operations
SINGAPORE: Wall Street bank Morgan Stanley has resumed gasoline trading operations in the Middle East after a gap of about 12 months, with the recent lease of 380,000 barrels of…
Egypt to offer reopened bonds 2nd time in a week
CAIRO: Egypt's Finance Ministry will offer LE 5 billion ($832.78 million) in reopened three- and five-year bonds at an auction on Dec. 5, its second such sale in a week,…
Egypt pound falls to weakest in almost 7 years
CAIRO: The Egyptian pound was bid as weak as 6.0036 to the US dollar on Tuesday, its lowest in almost seven years, as the country's deepening funding crisis overshadowed a…
Egypt stocks jump on smooth vote but investors wary
CAIRO: Egypt's benchmark share index jumped 5.4 percent on Tuesday, buoyed by smooth voting in a parliamentary election, but foreign investors said they were waiting on the sidelines for an…
‘Virginity tests’ case against military adjourned to Dec. 27
CAIRO: The State Council on Tuesday adjourned till Dec. 27 a case against the military institution to end the practice of virginity tests. The case was filed by a women…
British film director Ken Russell dies at 84
Director Ken Russell got Oliver Reed and Alan Bates to wrestle naked, turned Vanessa Redgrave into a demonic nun and cast Ringo Starr as the pope. Critics and mainstream audiences…
An impressive display of collages at new art space
In Cairo, art exhibitions are opening left and right, as are gallery spaces, surprisingly. The latest on the scene in what is becoming the city’s art hub Zamalek is The…
Killing sparks sectarian clash in Sohag, says police
CAIRO: Police say that a Muslim has been killed by a Christian in southern Egypt, sparking a sectarian clash, and the military has intervened to stop the violence. The incident…