Law center files lawsuit to dismantle State Security
CAIRO: A legal rights NGO filed a lawsuit Monday before the administrative court asking to dismantle the state security investigations services. The Hisham Mubarak Law Center filed the lawsuit on…
Brent crude bounces on Mideast unrest
LONDON: Brent crude prices bounced back up on Monday on continued unrest in oil rich North Africa and the Middle East, after falling to two-week lows on concerns over the…
Egypt to continue free market economy rule, ensure social justice
CAIRO: Prime Minister Essam Sharaf said Sunday Egypt will continue to be a free market economy, but that this will be accompanied by policies that achieve social justice and welfare.…
Misr Cement Qena 2010 profit up 21.6 pct
CAIRO: Egypt's Misr Cement Qena posted a 21.6 percent rise in full year 2010 net profit to LE 428.3 million ($72.38 million), the stock exchange said on Sunday. Net profit…
NBAD exposure to Egypt and Libya over $400 mln
ABU DHABI: National Bank of Abu Dhabi has a $377 million exposure to Egypt and $51 million to Libya, but the lender's CEO said this was not cause for concern.…
World at risk of another food crisis: FAO
ABU DHABI: Surging global prices of basic foodstuffs raise the risk that the food crisis of 2007-2008 in developing countries will be repeated, the head of the UN's Food and…
Egypt says Juhayna, others violate competition law
CAIRO: Egypt's anti-competitive watchdog said dairy and juice maker Juhayna and two other firms had violated competition laws and fixed prices of raw milk bought from farmers, the authority said…
Egypt pound slightly weakens ahead of bourse reopening
CAIRO: The Egyptian pound weakened to the dollar on Monday, as investors placed orders to sell the currency after a T-bill auction and ahead of an expected reopening of the…
Migrant workers fleeing Libya vow not to return
SHOUSHA CAMP, Tunisia: Thousands of African and Asian migrant workers who fled Libya after years of toil are going home with empty pockets and many vow never to return. Huddling…
Military prosecution investigates attack on Coptic protesters
CAIRO: Military prosecution started on Monday investigating the attack on Coptic protesters at dawn that left at least 15 injured. Copts had ended late Sunday a 9-day sit-in out the…