Kuwait cbank denies Islamic banks’ liquidity request, says paper
DUBAI: Kuwait's central bank denied a request by Islamic lenders to grant them exceptions from liquidity ratio requirements and allow for the withdrawal of excess liquidity, a newspaper reported on…
US Muslims: a new consumer niche
NEW BRUNSWICK: In the ballroom of an upscale hotel a short train ride from New York, advertisers, food industry executives and market researchers mingled — the men in dark suits,…
Iraq oil output above 2.6 million bpd, says minister
BAGHDAD: Iraq's oil production currently exceeds 2.6 million barrels per day, the first time it has reached that level in 20 years, new Oil Minister Abdul Kareem Luaibi said on…
Israeli spy ring to go on trial in January
CAIRO: The alleged Israeli spy ring case is slated to go to trial in front of the Emergency State Security Supreme Court on Jan. 15 after it had been referred…
UN’s Ban ‘appalled’ by Nigeria violence
UNITED NATIONS: UN Secretary General Ban Ki-moon said Sunday that he was "appalled" by an outbreak of violence in Nigeria that claimed at least 39 lives. A spokesman for the…
Parliament will not discuss current electoral system, says NDP
By Marwa Al-A'asar CAIRO: Lawmakers will not discuss Egypt’s electoral system during the current parliamentary term, said Moufid Shehab, the ruling National Democratic Party (NDP) Assistant Secretary General for Parliamentary…
South Sudan’s membership in Arab League to be decided, says Moussa
CAIRO: In case South Sudan becomes a separate state, its membership in the Arab League will be subject to the member states’ consent, Arab League Secretary-General Amr Moussa said on…
Al Borg Laboratories delists from the Egyptian Stock Exchange in a public to private transaction
Al Borg Laboratories, the Middle East’s largest medical testing group, announced that it finalized the voluntary delisting of its shares from the Egyptian Stock Exchange (“EGX”) and has become a…
Egypt 273-day T-bills avg yield rises to 10.661 pct
The average yield on Egyptian 273-day treasury bills inched up to 10.661 percent on Monday from 10.514 percent at the last week's auction. The central bank accepted bids for bills…
Court issues verdict protecting university students’ freedom of expression
CAIRO: The Administrative Court issued a verdict in favor of three Ain Shams University students on Sunday, permitting them to take their exams on Jan. 13 in spite of a…