Citadel to challenge rejected capital increase
CAIRO: Egyptian private equity firm Citadel Capital said on Sunday it would challenge a decision by the financial regulator to reject a request for a capital increase. The Egyptian Financial…
Aid pledges lift Egypt index to 6-week high
CAIRO: Egypt's main index, EGX30, rose 1.9 percent to its highest in over a month, buoyed by optimism that foreign states will help bolster the finances of Egypt's interim government,…
Mashreq Bank partners with Chrysler Egypt
CAIRO: In an effort to strengthen their lending services and products, Mashreq Egypt, one of the region’s leading financial institutions, will be partnering with Chrysler Egypt. As Mashreq-Chrysler’s “co-branded” campaign…
Tourism to Egypt down 46 percent in first quarter
CAIRO: The number of tourists visiting Egypt slumped 46 percent in the first quarter when mass protests ousted President Hosni Mubarak, the government's statistics agency said on Sunday. The unrest…
Egypt says Saudis agree to $4 bln in assistance
CAIRO: Saudi Arabia has agreed to provide cash-strapped Egypt with about $4 billion dollars to support its economy, Egypt's state MENA news agency reported on Saturday. Cairo has been asking…
Cabinet forms committee to settle investment deals
CAIRO: Prime Minister Essam Sharaf ordered the formation of a committee of government officials and legal experts to settle problems surrounding investment contracts, the Cabinet said on Sunday. "This comes…
EBRD agrees to start process for N.Africa expansion
ASTANA: The European Bank for Reconstruction and Development agreed on Saturday to begin the process of expanding lending into the Middle East and North Africa, following a string of popular…
Armed Saleh loyalists encircle diplomatic mission
SANAA: A mob of armed loyalists of Ali Abdullah Saleh trapped the US, British, European and Gulf Arab ambassadors inside a diplomatic mission in the capital Sunday, protesting a deal…
Saudi woman arrested for challenging driving ban
JEDDAH: Saudi authorities arrested a female activist on Sunday who launched a campaign to challenge a ban on women driving in the conservative kingdom and posted a video on the…
Bahrain upholds 2 death sentences in police killings
A Bahrain emergency appeals court upheld death sentences on Sunday for two men found guilty of killing police officers during recent unrest, punishments human rights activists said were designed to…