Abbas rejects settlement freeze that excludes Jerusalem
CAIRO: Palestinian president Mahmoud Abbas said on Sunday that he will not return to the negotiating table with Israel without a settlement freeze that includes annexed Arab east Jerusalem. The…
Accurate statistics are essential to solving unemployment, say experts
CAIRO: When Al-Wafd’s Port Said MP Mohamed Sherdy sought information from the Ministry of Manpower and Immigration regarding the labor force and the employment training programs currently taking place in…
Pope creates 24 new cardinals amid cheers
VATICAN CITY: Pope Benedict XVI formally created 24 new cardinals on Saturday amid cheers in St. Peter's Basilica, bringing a mostly Italian group into the elite club that will eventually…
Opposition, rights group accuse NDP of violations prior to elections
By Heba Fahmy CAIRO: Al-Wafd opposition party and the Muslim Brotherhood accused the government of crackdown meant to tilt the election in favor of the ruling National Democratic Party candidates. “We…
Dream TV says Mona El-Shazly back on air Sunday night
CAIRO: In response to reports suggesting TV host Mona El-Shazly’s primetime show Al Ashera Masa’an” had been cancelled, Dream TV said the show will resume on Sunday night. Dream TV,…
Big Three ratings agencies face competition
PARIS: The Big Three credit rating agencies, under fire for failing to anticipate the global financial crisis, have spurred new players to offer alternatives but the trio's dominance of the…
Egypt 10-day deposits average yield at 8.274 pct
CAIRO: The weighted average yield at a 10-day deposit auction was 8.274 percent on Sunday, Egypt's central bank said. The bank received bids worth LE 33.6 billion ($5.84 billion) and…
Egypt 182-day T-bill average yield up to 9.716 pct
CAIRO: The average yield on Egyptian 182-day Treasury bills rose a little to 9.716 percent at an auction on Sunday from 9.635 percent at last Thursday's auction, the Central Bank…
Egypt central bank cancels 91-day T-bill auction
CAIRO: Egypt's central bank cancelled an auction of 91-day treasury bills that it originally planned to issue on Nov. 23, it said on Sunday. The central bank gave no reason…
SODIC posts Q3 net profit; revenue soars
CAIRO: SODIC, Egypt's third-biggest listed developer, posted a third-quarter net profit of LE 56.7 million ($9.96 million) on Sunday, rebounding from a year-earlier loss as revenue soared. The high-end real…
