Report finds optimism towards Egypt’s financial future
CAIRO: Results from a recent Consumer Confidence Index survey show that Egyptians hold an optimistic view of their personal financial future, as well as a positive outlook for the country’s…
Dana Gas says has not received payment for gas in Egypt
DUBAI: UAE energy firm Dana Gas has not yet received payment for gas delivered in Egypt, it said in a statement on Tuesday. In May, Dana's management reported delayed payments…
Mubarak trial drags EGX30 to 12-week low
CAIRO: The start of former Egyptian president Hosni Mubarak's trial on Wednesday renewed political jitters, pushing the benchmark index to its lowest close since May 10. The ousted president is…
Centamin Egypt cuts gold output forecast, shares plunge
LONDON: Gold producer Centamin Egypt has cut its output forecast for 2011 after announcing lower than expected production in the second quarter due to local restrictions on blasting pushed its…
Long ignored, female entrepreneurs are key players in the region’s financial future
In the wake of recent events in the Middle East and North Africa, the need for jobs cannot be overemphasized. Entrepreneurship is vital to job creation and economic development and…
Egypt says tourism recovering, reserves adequate
CAIRO: Egypt's finance minister said on Tuesday that tourism was showing signs of recovery and the country's foreign reserves of about $26 billion were adequate although it could tolerate a…
Obama, Clinton offer Ramadan wishes to Muslims
WASHINGTON: US President Barack Obama extended his best wishes Monday to Muslims beginning the holy fasting month of Ramadan, using the occasion to urge people to help victims of drought…
Arab, African aid lacks coordination, says Somali leader
Arab, African aid lacks coordination, says Somali leader KHARTOUM: Somalia's President Sharif Sheikh Ahmed said Arab and African aid for his famine-ravaged country lacks coordination, Sudanese state media reported on…
Egypt military arrests BBC journalist
CAIRO: Egypt's military arrested a BBC journalist when it cleared out a central Cairo protest that left several protesters injured and dozens detained, the British broadcaster said on Tuesday. Shaimaa…
Military prisoners tortured in El-Wadi El-Gedid, 13 Alex protesters tried
CAIRO: Rights organizations condemned Saturday the torture of prisoners in El-Wadi El-Gedid prison wards 8 and 9 during what was described by the interior ministry as a “prison inspection.” "Tens…