NDP to name presidential candidate, make ‘tough’ economic decisions in 2011
CAIRO: The ruling National Democratic party will name the presidential candidate during a general conference that will be held prior to the presidential elections in 2011, Gamal Mubarak, the head…
11 NGOs urge gov’t to rescue African migrants held hostage
CAIRO: Government bodies must act immediately to rescue hundreds of African migrants being held hostage, and abused by people traffickers in Sinai, 11 Egyptian NGOs said Tuesday. Human Rights Watch…
Population minister files complaint against factory owner for child labor
CAIRO: Minister of State for Family and Population Affairs Moshira Khattab filed a complaint to Prosecutor General Abdel Meguid Mahmoud against the owner of a textile factory in Alexandria that…
Women’s rights in Egypt deteriorate in 2010, says report
CAIRO: The issue of women’s rights was used as a political tool by the government and other entities in 2010, according to an annual report by the Egyptian Center for…
President followed NDP conference reports ‘minute by minute,’ says Safwat El-Sherif
CAIRO: Safwat El-Sherif, secretary general of ruling National Democratic Party, said Monday that President Hosni Mubarak followed the “serious discussions and reports minute by minute” undertaken during the NDP 7th…
Egypt index breaks 7,000 points; Orascoms up
Blue-chips including Orascom Construction lead Egypt's main index to its highest close since May 6, spurred on by optimism that a government stimulus plan will boost economic growth in 2011,…
Arab Banking Corp buys stake in MeditBank
Libya-based Mediterranean Bank said on Tuesday it had sold a 49 percent stake in itself to Bahrain-based Arab Banking Corp ABCB.BH for 74 million dinars ($59 million). Mediterranean Bank said…
Egypt reopens LE 4 bln of bonds
Egypt's finance ministry will offer three-year, five-year and 10-year bonds worth LE 4 billion in an auction on January 3, the central bank said on Tuesday. The three-year bonds worth…
Apicorp sells Egypt firm stake to Indian group
The Arab Petroleum Investments Corp (Apicorp) said on Tuesday it sold its 12 percent stake in Egypt's Alexandria Carbon Black Co (ACBC) to India's Aditya Birla Group to free up…
Orascom Telecom sees arbitration on Algeria unit: CNBC
CAIRO: Orascom Telecom (OT) will seek international arbitration soon in a dispute with Algeria's government over the Egyptian company's unit Djezzy, OT's chairman was quoted as saying on CNBC Arabia…