Egyptians more optimistic, adamant on political participation, says poll
CAIRO: Nine out of 10 Egyptians survey in a recent poll plan on voting in the upcoming elections, with no political party or entity garnering more than 15 percent of…
Yemen’s Saleh has surgery in Saudi, crowds cheer exit
SANAA/RIYADH: Yemeni President Ali Abdullah Saleh, wounded in an attack on his palace, underwent surgery in Saudi Arabia and Yemenis seeking his overthrow celebrated what they hoped was the end…
Hamas halts Gaza border traffic in row with Egypt
GAZA: Islamist group Hamas stopped travelers from crossing into Egypt on Sunday in a row with Egyptian authorities over restrictions at the Rafah border that have dented Palestinians' hopes of…
Egypt says to start repaying IMF funds in 3-1/4 yrs
CAIRO: Egypt will begin repaying IMF financing worth $3 billion in 3-1/4 years' time, the country's Finance Minister Samir Radwan said on Sunday. The rate of interest to be paid…
Palestinian authority to issue $50 mln sukuk
ABU DHABI: The Palestine Monetary Authority hopes to issue to banks its first ever Islamic bond worth $50 million by the end of June, its governor Jihad Al-Wazir said on…
Egypt producer prices up 20.6 pct in year to April
CAIRO: Egypt's producer price index rose 20.61 percent in the 12 months to April, compared to a rise of 20.44 percent in the year to March, a government website showed…
Tax boost lifts Egypt traders; most Gulf markets dip
CAIRO/DUBAI: Egypt's index, EGX30, rose for a first session in four after the government said it would not tax profits on stock and bond market trades. Most Gulf Arab markets…
Egypt seals $3 bln IMF accord
CAIRO: The International Monetary Fund (IMF) agreed a $3 billion financing deal with Egypt on Sunday and praised the policies of an interim government struggling to stabilize the economy after…
Egypt sells T-bills worth 5 bln EGP, yields rise
Cairo: Egypt's central bank said it sold LE 5 billion ($841.84 million) in domestic treasury bills on Sunday, less than the LE 5.5 billion it was seeking (CBEY). The bank…
Barclays Egypt awarded for performance during revolution
CAIRO: At the Business Continuity Management Awards in London, Barclays Egypt was recognized as the most effective bank during the country’s revolution with the “Most Effective Recovery of the Year”…