UN ready to help Egypt’s democratic transition, says UN chief
CAIRO: The United Nation's Secretary General Ban Ki-moon hailed the January 25 Revolution, adding that the UN and the international community are ready to help in the democratic transition of…
Army promises to investigate torture allegations
CAIRO: Unidentified army leaders promised to investigate allegations of torture by Military Police after rights groups issued a statement condemning comments by their chief General Hamdy Badeen denying the allegations.…
ILO aims to play role in Tunisia, Egypt social reforms
GENEVA: The International Labor Organization said Monday that it aims to play a key role in helping Egypt and Tunisia reform their social policies, after the two countries sought help…
Yemen’s envoys to Egypt, Arab League defect: diplomat
CAIRO: Yemen's ambassadors to Egypt and the Arab League on Monday defected from the regime to join a rapidly growing protest movement demanding that President Ali Abdullah Saleh resign, a…
John Kerry says US supports democracy, efforts for reform
CAIRO: “Egyptians have set an example … helped define the hope and presented an opportunity for other countries to look forward,” said US Senator Kerry in a press conference at…
Vote break down: Sweeping support in the Delta; more ‘no’ votes in cities
CAIRO: Breakdown of referendum results showed sweeping support for the constitutional amendments in Delta governorates while the call was close in urban cities. Out of about 45 million Egyptians eligible…
Suez Cement counts cost of unrest
CAIRO: Suez Cement, Egypt's biggest listed cement maker by market value, said the political unrest that ousted Hosni Mubarak cost it and a subsidiary LE 80 million. "The firm lost…
Misr Beni Suef seeks 25 pct capital hike
CAIRO: The board of Egypt's Misr Beni Suef Cement said it had proposed increasing the company's capital by LE 100 million ($16.9 million) to support its capital base. If shareholders…
Sewedy slashes 2011 net profit forecast
CAIRO: Egyptian group El Sewedy Electric said on Monday its 2011 net profit would grow 1 percent year-on-year, cutting its previous forecast of 20 percent due to the political turmoil…
MidEast unrest to delay regional deals
DUBAI: Political unrest plaguing the Middle East and North Africa (MENA) region will delay planned deals with activity seen flat versus last year, Standard Chartered mergers & acquisitions executives said.…