Constitutional decree in two days, says Justice Minister
CAIRO: The much-anticipated constitutional decree to be issued by the Supreme Council of the Armed Forces will be announced within a maximum of two days, said Minister of Justice Mohamed…
Ex-interior minister says police did not use live ammunition against protesters
CAIRO: Former interior minister Habib Al-Adly denied during interrogations that police forces used live ammunition to disperse protesters in the early days of an uprising that ousted former president Mubarak…
Edge of Arabia’s Terminal showcases Saudi artists
Saudi Arabia’s cutting edge art collaborative, Edge of Arabia, opened its first major UAE exhibition last Monday. Terminal, a pop-up exhibition curated by Bashar Al Shroogi of Dubai’s Cuadro Fine…
Egypt Misr Cement Qena to distribute 16 EGP dividend
CAIRO: Egypt's Misr Cement Qena said on Sunday it will distribute LE 16 ($2.69) cash dividend per share. The company posted a 21.6 percent rise in full year 2010 net…
GDP to drop to 2-3.3 pct this year, say experts
CAIRO: Egypt’s gross domestic product could possibly slow down to 2 percent this year, Yasser El Mallawany, co-chief executive officer of EFG-Hermes Holding, told Bloomberg. EFG-Hermes Holding is one of…
GASC quells concerns of food crisis as vegetable prices rise
CAIRO: Two months after protests started culminating in the ousting of former President Hosni Mobarak, ongoing price hikes in food prices and worries over the sufficiency of reserves of strategic…
Main stock index ends 4-day losing streak, up 5.3 pct
CAIRO: Egypt's benchmark index, EGX30, snapped a four-day losing streak and closed 5.3 percent higher on Sunday, the third day of trade since political turmoil closed the bourse for more…
Sudan to send Egypt 5,000 cows as a present
KHARTOUM: Sudan will start sending 5,000 cows that it promised as a gift to Egypt next week, the foreign ministry said on Saturday, just ahead of a two-day visit by…
Invest AD asset management arm buying Egypt stocks
LONDON: Abu Dhabi-owned Invest AD's asset management arm has been buying Egyptian stocks this week as the stock exchange reopened after seven weeks and stock prices reached attractive levels, the…
Libyan rebels push west as strikes hit Gaddafi forces
ROAD TO BREGA: Libyan rebels reached the oil terminal town of Brega on Sunday after routing government forces from a strategic eastern town, as Muammar Gaddafi's troops pounded the main…