Egypt’s loan scheme for government employees seen as positive
CAIRO: Egypt’s Ministry of Finance launched last week a new loan scheme for government employees, with five local banks signing on to participate in the program. Banque Du Caire, Banque…
BAM30 Index to be rebalanced
Cairo-based investment bank Beltone Financial said that the BAM30 Index is to be rebalanced on January 16 to reflect market developments in the fourth quarter of 2010, according to a…
Egypt Dec core annual inflation rises to 9.65 pct
Egypt's core annual inflation accelerated to 9.65 percent in the year to December, the central bank said on Monday. The central bank revised upwards the November core annual inflation to…
Orascom Telecom, CIB weigh on Egypt
Egypt's benchmark index declined for a third day, dragged down by blue-chips including Orascom Telecom after Algeria said it would take up to 100 days to complete a valuation of…
Clinton presses Yemen on counter terror efforts
SANAA: US Secretary of State Hillary Rodham Clinton on Tuesday urged Yemen to step up cooperation with the United States as she made an unannounced visit here to shore up…
‘Al-Qaeda militants’ seized after deadly Niger kidnap
NIAMEY: At least two suspected Al-Qaeda-linked militants were captured after a failed raid to free two French hostages who were later found dead, a Niger security source told AFP Tuesday.…
Assange to face full extradition hearing on Feb 7-8
LONDON: Julian Assange said his WikiLeaks website was preparing to release new classified US cables after a judge said Tuesday that Sweden's attempt to extradite him would be examined in…
Ties make Palestinian state a South American priority
SANTIAGO: Five South American nations have recognized Palestinian statehood in recent weeks, and several more are expected to do so soon. The Palestinians are increasingly lobbying nations for recognition as…
Russia says considering Iran fuel sites offer
MOSCOW: Russia is considering Tehran's invitation to visit Iranian nuclear facilities but has questions about the offer and wants to be certain such a tour would be useful, Deputy Foreign…
UAE property firms turn to shareholders for funds
DUBAI: Two of the United Arab Emirates' largest property companies are seeking to raise cash from shareholders as they struggle to recover from a sharp slump in property prices that…