Prosecutor refers two ex-ministers to criminal court
CAIRO: The Prosecutor General on Tuesday referred the former ministers of finance and information to a criminal court on charges of misusing public funds, the official MENA news agency reported.…
Egypt’s stock market recovers after half-hour suspension
CAIRO: Egypt’s stock market was on an upward trend when trading resumed after a half-hour suspension for falling 10 percent in the first minutes of trade since Jan. 27. Major…
Mobinil delays 2010 dividend distribution
CAIRO: Egyptian mobile operator Mobinil said on Tuesday it would delay the distribution of cash dividends from its 2010 profits due to the country's economic and political situation. In February,…
Finance ministry calls on Egyptians to support economy
CAIRO: The Ministry of Finance called on Egyptians to step in and support the stock market as it opens after a two-month closure Wednesday. A total of 34 investment funds…
Television, cinema workers demand sacking top figures
CAIRO: Hundreds of employees at the Egyptian Radio and Television Union protested Tuesday in front of the TV building demanding the discharge of top figures and equitable payroll regulations for…
Egypt court sets date for Palm Hills ruling
CAIRO: An Egyptian court set April 26 as the date when it would rule on whether the sale of state land to Palm Hills Development (PHD), the country's second-biggest listed…
Economic griefs spur Mideast turmoil: World Bank
WASHINGTON: The economic and social grievances behind the Middle East's political turmoil will not end because one leader is replaced by another, World Bank President Robert Zoellick warned Monday. "As…
EBRD head says Egypt’s new government has reapplied for funds
CAIRO: Egypt's interim government has made a new request to receive funding from the European Bank for Reconstruction and Development (EBRD), the bank's president said on Tuesday. Last May, the…
Egypt postpones auto incentive program
CAIRO: Egypt’s Ministry of Trade and Industry has postponed a proposed local automotive incentive program until further notice. “This strategy was aimed at supporting and increasing the market auto feeding…
Egypt gears up for stock market reopening
CAIRO: Egypt's stock market is poised to reopen after a nearly two-month closure that many feared would further rattle already-shaken investor confidence in the country after the mass uprisings that…