Journalist still detained despite public prosecutor’s decision to release
CAIRO: Youssef Shaaban, Al-Badeel journalist detained on drug and knife possession charges, was still in police custody Friday despite a decision by the public prosecutor on Thursday to release him…
Second Christian protester dies after Cairo church clashes
CAIRO: A Coptic man shot and wounded in clashes with police in Cairo this week over thwarted plans to build a new church died in hospital on Friday, a security…
Egypt speaker warns US pressure could backfire
CAIRO: Egypt's parliamentary speaker said Friday that US pressure on Cairo for reforms may backfire and lead to a religious state, in a warning two days ahead of an election…
SODIC says sales $313 mln so far in 2010
CAIRO: Egypt's SODIC said on Wednesday it had made LE 1.8 billion ($313 million) in sales during 2010 so far, showing momentum despite a legal row over state land deals…
Oxford Business Group seal second-year partnership with CI Capital
CAIRO: Oxford Business Group (OBG), the global publishing, research and consultancy firm, has bolstered its operations in Egypt ahead of its new country report by forging links once again with…
Egypt has brief economic reform slot between votes
CAIRO: Egypt has only a small window of opportunity after Sunday's parliamentary election to push through politically unpopular economic measures to help it reach the 7 percent growth it says…
Trade Bank of Iraq eyes expansion abroad
The Trade Bank of Iraq plans to expand abroad and almost double of the number of its branches in Iraq next year to benefit from an anticipated oil boom, its…
Morocco gets $214 million loans for dam, port projects
The Kuwait-based Arab Fund for Economic and Social Development has lent Morocco two loans worth $214 million to finance the expansion of Tangier port and building a dam in the…
Jordan appoints new central bank governor
Jordan's cabinet appointed Faris Sharaf as Governor of the Central Bank of Jordan (CBJ) to replace Ummaya Toukan, officials said on Friday. Sharaf's last post was CEO and chairman of…
Isbank sees sector interest margins falling
Isbank, Turkey's largest listed lender by assets, expects net interest margins in the banking sector to fall towards 4.0 percent in 2011 in what will be a tough year for…
