Egypt cbank accepts repos worth LE 8.2 bln
CAIRO: Egypt's central bank accepted LE 8.209 billion ($1.38 billion) in seven-day repurchase agreements in the money market on Tuesday, less than the 10 billion pounds it had asked for.…
EFG-Hermes to cut bonuses, appoints Gulf executive
CAIRO: Egyptian investment bank EFG Hermes said it was cutting back bonuses to reduce costs by more than 20 percent this year. "As part of a strategy to make the…
Ezz Steel’s embattled chairman quits board
CAIRO: Steel magnate Ahmed Ezz quit the board of Ezz Steel and its Ezz Dekheila Steel unit as he fights graft charges from prison, and has been replaced by managing…
Four sentenced to death for gang rape
CAIRO: A military court on Monday sentenced four men to hang after convicting them of rape, the official MENA news agency reported. The Cairo supreme military court found the four…
Prosecutor to release Mubarak wife on bail
CAIRO: An Egyptian prosecutor will end the detention of former first lady Suzanne Mubarak once she pays bail and returns some assets to the state, a judicial source said on…
Mubarak to plead for amnesty: report
CAIRO: Ousted president Hosni Mubarak and his wife, both detained on corruption charges, are to apologize to the people and relinquish their assets in a desperate attempt to secure an…
Fatah, Hamas start talks on new government
CAIRO: Talks between Hamas and Fatah to hammer out details of a joint Palestinian government began in Cairo on Monday after Egypt brokered a deal to end their four-year feud.…
Police forces fled during Imbaba clashes, says EIPR
By Heba Fahmy CAIRO: Police forces guarding the Virgin Church in Imbaba fled when it was attacked by thugs nine days ago, according to a report by the Egyptian Initiative for…
Police coalition denies reports of minister threat to discharge them
CAIRO: The Police Coalition denied press reports that Minister of Interior Mansour El-Essawy threatened member officers that he will discharge them in retaliation for their statements to the media.…
Minister: Egypt nearing deal with World Bank
CAIRO: Egypt's finance minister says his country is nearing a deal to borrow $2.2 billion from the World Bank. Samir Radwan also said a delegation from the International Monetary Fund…