Egypt sacks former PM Ebeid as Arab Int’l Bank head
CAIRO: Egypt's cabinet removed former prime minister Atef Ebeid on Thursday from his post as chairman of Arab International Bank (AIB), a specialized financial institution exempt from Egyptian banking regulations.…
Key Mubarak aide held for alleged corruption
CAIRO: Zakariah Azmy, the chief of staff of deposed Egyptian president Hosni Mubarak, was detained on Thursday for 15 days on suspicion of illegally acquiring his wealth, state television reported.…
After meeting officials, activist says ‘street is our only resort’
CAIRO: After a meeting with Prime Minister Essam Sharaf and Minister of Justice Mahmoud Abdel-Aziz El-Gindi, a youth activist said there remained a need to take to the streets. “We…
Telemasr workers strike after factory shutdown
CAIRO: Workers at Arab Company for Radio Transistor and Electronic Appliances (Telemasr) protested on Thursday after the owners shut down the factory and gave them a one-month paid vacation. The…
National reconciliation committee to pen draft constitution, says deputy PM
CAIRO: Deputy Prime Minister Yehia Al-Gamal was assigned to head a national reconciliation committee of 197 members, representing political streams, trade unions and religious institutions, to pen a draft for…
Abbas in Cairo for first post-Mubarak talks on peace
CAIRO: Palestinian president Mahmoud Abbas met Egypt's de facto head of state on Thursday for talks on Palestinian reconciliation and the Middle East peace process, on his first visit since…
Copts protest against besieging services center in Minya
CAIRO: Hundreds of Copts from Al-Kamader village in Minya protested late on Tuesday in front of the governorate building after a rumor that a service center would be transformed into…
Islamist campaign against Egypt shrines focus fears
QALYOUB: Wielding crowbars and sledgehammers, two dozen Islamists arrived at the Sidi Abdel Rahman shrine in the middle of the night aiming to smash it to pieces. Word spread quickly…
April 6’s future in question on its third anniversary
CAIRO: For the first time since 2008, the April 6 Youth Movement commemorated its anniversary without holding demonstrations or running away from the police, Ahmed Maher, the movement’s general coordinator…
Faisal Islamic Bank 2010 profit doubles
CAIRO: Faisal Islamic Bank of Egypt's stand-alone 2010 net profit more than doubled to LE 338 million ($57 million), it said in a statement in Al-Ahram newspaper on Thursday. The…