Police coalition freezes activities after top ministry officials resign
CAIRO: The Police Coalition said the decision to freeze its activities following a meeting with the interior minister was taken solely by its members and not under threat, noting that…
Mubarak may face death sentence, says lawyer
CAIRO: Ousted president Hosni Mubarak is likely to face the death penalty if proven guilty of being involved in the killing of peaceful protesters as well as the attempted murder…
Egypt’s next parliament to review Iran ties: FM
NUSA DUA/CAIRO: Egypt's foreign minister said on Wednesday that the next parliament, which will be elected in September, will review the establishment of diplomatic ties with Iran. Nabil El-Araby told…
Youth disputes, participation of NDP figures mar National Dialogue Conference
CAIRO: The National Dialogue Conference concluded its sessions on Tuesday amid criticism over the participation of figures and former members of the disbanded National Democratic Party and "marginalizing" youth. Youth…
Video of man beating pre-schoolers forces government to take action
CAIRO: A video of a supervisor insulting and beating pre-schoolers with a thick wooden ruler, posted Tuesday on Youtube, outraged Egyptians who called for reform. The video was…
Judges’ Club head calls for protest ban at courthouses
CAIRO: Chancellor Ahmed Al-Zend, head of the Judges’ Club, called for banning protests inside or in front of courthouses to avoid assaults and attacks on judges and prosecutors. “Only citizens…
Egypt banks still lending
Egypt’s loan-to-deposit ratio is currently more than 50 percent, and despite the recent political turmoil, experts said lending is stable. After the nation’s January 25 revolution, the first quarter of…
Credit Suisse upgrades Commercial International Bank
CAIRO: Commercial International Bank (CIB) would benefit from a rebound in fee income and the flow of global aid to Egypt, Credit Suisse said and upgraded the stock to "outperform"…
Financials lead Egypt’s index higher
CAIRO: Banks led Egypt's main index higher, with pledges of financial support from foreign states outweighing caution ahead of a planned protest in central Cairo's Tahrir Square this Friday. Traders…
What are your credit losses? The changing regulations
By Donald MacDonald Having been a relatively stable or improving measure of company performance during the “good times,” the approaches used to measure impairment for credit losses are firmly in the…