AMF pledges $200 million loan to Yemen
The Arab Monetary Fund pledged a loan of $200 million to restructure the economy of Yemen, one of the region's poorest countries, the fund announced on Sunday. The loan is…
Doctors, nurses protest over rumored relocation of psychiatric hospital
CAIRO: Doctors and nurses from the Abbaseyya Psychiatric Hospital held a demonstration on Sunday amid rumors that the hospital will be relocated 80 km outside of Cairo. Two weeks ago,…
Egypt cenbank cancels 91-day T-bill auction
Egypt's central bank has cancelled an auction of 91-day treasury bills that it originally planned to issue on Dec. 28, it said on Sunday. The central bank gave no reason…
Egypt lower in year-end lull; real estate up
Egypt's main index inches lower by mid-session in slow holiday trading as investors wrap up their year-end portfolios, traders say. The main index is down 0.2 percent at 6,935 points.…
Oil hits new 26-month high point
LONDON: Oil prices hit another 26-month peak on Friday, lifted by freezing weather and upbeat US data, before pulling lower on profit-taking before the Christmas and New Year break. At…
Prosecutor General frees 19 Omraneya detainees
CAIRO: Prosecutor General Abdel-Meguid Mahmoud ordered on Saturday the release of 19 defendants who were arrested following clashes with security forces in Omraneya over the construction of a Coptic church.…
Eight Americans killed in Aswan bus crash
CAIRO: Eight American tourists were killed and 21 injured on Sunday when their bus collided with a truck near the southern Egyptian city of Aswan, police and the official MENA…
NDP leaders criticize opposition at annual conference
CAIRO: A number of ruling National Democratic Party (NDP) leaders criticized Sunday the opposition forces and their performance during the recent parliamentary elections. In his opening speech marking the second…
Imam to tour nation promoting NYC Islamic center
NEW YORK: The Muslim cleric who hopes to build an Islamic center near the World Trade Center site said Friday that he'll tour the country in an effort "to inspire…
Three Israel spy cells busted: Egypt papers
CAIRO: The confessions of an Egyptian accused of spying for Israel has led to three espionage cells being dismantled in Lebanon and Syria, where an agent was executed in November,…