The Muslim Brotherhood’s new guard rocks the boat
By Hanan Solayman CAIRO: The Muslim Brotherhood’s Shoura Council (legislative branch) is soon to vote on the Guidance Bureau’s initiative to establish the Brotherhood’s own political party named Freedom and Justice,…
Revolutionary art takes over Abdeen Square
The Cairo glitterati were out in force to support the arts in Abdeen Square on Saturday in the biggest post-Jan. 25 cultural event to date. “Al Fann Midan” (Art is…
Egypt’s regulator rejects Palm Hills dividend
CAIRO: Egypt's financial regulator rejected a Palm Hills Developments plan to distribute a dividend in the form of a new share for every 10 held, the Egyptian Financial Supervisory Authority…
Egypt central bank says no target level for pound: agency
CAIRO: Egypt's deputy Central Bank governor said the bank had no target for the Egyptian pound and the level of the currency would depend on supply and demand, state news…
Demographics, war for resources and state-directed capitalism
By Ron McMillan and Graham Hayward The future of the banking industry remains uncertain, but there are a number of long-term catalysts such as the expected demographic shift and the rise…
Egypt’s real GDP slumps in second quarter, up yearly
CAIRO: Egypt’s real GDP contracted by 1.7 percent in the second quarter of fiscal year 2010/11 compared to the previous quarter, while growing 6 percent from the same period last…
UN hopes for Libya aid access ‘as soon as possible’
TUNIS: The United Nations is talking to all parties in the Libyan conflict to provide aid to those in need "as soon as possible," an envoy said on Sunday. "Nothing…
FM says no intention to cancel Egypt-Israel peace treaty
CAIRO: Foreign Minister Nabil El-Araby denied Saturday any intention to cancel Egypt’s peace treaty with Israel signed in 1979, a year after the Camp David Accords. In a live interview…
Egypt army denies report that Mubarak left country
CAIRO: Egypt's military council denied on Sunday a report carried by Al Jazeera television channel that former president Hosni Mubarak had left the country for Germany. Asked whether Mubarak had…
PM replaces figureheads at ERTU
CAIRO: Prime Minister Essam Sharaf appointed Ibrahim El-Sayed as head of the news sector at the Egyptian Radio and Television Union (ERTU), replacing Abdel Latif El-Minawy, amid a reshuffle of…