UK spares BBC Arabic Service from spending cuts
LONDON: Britain has reversed plans to cut investment in the BBC's Arabic Service in response to the Arab Spring uprisings in a number of countries, Foreign Secretary William Hague said…
Health ministry withdraws five drugs from market
CAIRO: The Ministry of Health announced that it will be confiscating five drugs from pharmacies around the country and cancelling their registration as they contain the Ketoconazole, which may…
Egyptian Ministry of Health initiative wins UN Public Service Award
CAIRO: One of Egypt’s leading women’s health organizations has won the top prize in the esteemed 2011 United Nations Public Service Award (UNPSA). The winner — The Women Health Outreach…
EOHR calls for investigating 57 forced disappearances
By Marwa Al-A'asar CAIRO: The Egyptian Organization for Human Rights (EOHR) called on the ruling army council and the Prosecutor General Wednesday to open a transparent investigation into 57 cases of…
Debate over foreign loans intensifies in Egypt
CAIRO: Even though news about Egypt rejecting a loan from the World Bank turned out to be false, the reaction to initial reports highlights the ongoing debate over whether the…
Emergency law, military trials create ‘trust deficit,’ says Amnesty int’l head
CAIRO: The current Egyptian government’s response to calls for improving human rights, when compared to the previous government, “is like night and day,” Salil Shetty, secretary general for Amnesty International,…
Oil retreats on caution ahead of Fed meeting
LONDON: Oil fell on Wednesday, with investors cautious ahead of a US Federal Reserve meeting, and on lingering anxiety over the state of the euro zone, while gains in the…
Lecico’s bonus issue will increase shares to 80 mln
CAIRO: Lecico Egypt’s will distribute a 33.33 percent bonus issue on July 7, raising the number of outstanding shares to 80 million from the current 60 million. The bonus issue,…
Egypt index down 1 pct, Dubai falls after MSCI delay
DUBAI/CAIRO: Egypt’s index fell 1 percent on Wednesday as concern that stock prices had risen too far given an uncertain economic outlook outweighed Citadel Capital's announcement of takeover talks. "In…
Citadel starts talks on possible buy-out
CAIRO: Egyptian private equity firm Citadel Capital said on Wednesday it was in possible buy-out talks with more than one potential strategic partner. A source familiar with the matter said…
