Egypt court bars some state bodies from land sales
CAIRO: A court has scrapped presidential decrees that allowed some Egyptian state bodies to sell land and pocket the proceeds, newspapers reported on Monday, the latest move to weed out…
Moroccan activists slam music festival as corrupt
With Shakira and other top international artists performing in open air venues around Morocco's capital — often for free — the annual Mawazine world music festival doesn't at first seem…
A new revolutionary sound for Nile FM
Since the introduction of radio to Egypt in the beginning of the 20th century, a strong radio culture was insistently cultivated, growing in prominence and popularity over time. From the…
Egypt cbank to offer LE 8 in repos Tuesday
CAIRO: Egypt's central bank said it will offer LE 8 billion ($1.345 billion) in seven-day repurchase agreements in the money market on Tuesday at a fixed rate of 9.25 percent.…
Brent oil, below $115, heads for monthly fall
LONDON: Brent crude oil fell below $115 a barrel on Monday, heading for its first monthly decline this year, as investors weighed the prospect that Europe's debt crisis and a…
Egypt payments balance plunges into deficit in Q1
CAIRO: Egypt's balance of payments swung into a deficit of $6.1 billion in the first quarter as revenue from tourism and foreign investment were hit by political turmoil in Egypt…
Egypt, Sudan meet to discuss economic cooperation
CAIRO: An Egyptian-Sudanese committee announced plans to establish an industrial zone in Sudan on an area of 2 million square meters as well as an experimental farm on 100 acres…
Two Copts sentenced for violence in Ain Shams church scuffle
By AFP CAIRO: An Egyptian military court on Sunday sentenced two Coptic Christians to five years in jail for violence and trying to turn a factory into an unlicensed church,…
US investors to seek legal action against Egypt to resume Israel gas flow
CAIRO: US investors in the East Mediterranean Gas Co. (EMG) are seeking international arbitration against Egypt’s government to ensure gas flow to Israel resumes, a US partner in EMG said…
Egypt says agrees $3 bln IMF loan
CAIRO: Finance Minister Samir Radwan said on Monday that Egypt has agreed in principle on a $3 billion, 12-month loan from the International Monetary Fund (IMF) that he hoped would…