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…
Egypt draws up route for 4th Cairo metro line
CAIRO: Egypt has charted out the final route of a planned LE 15 billion ($2.6 billion) metro line in Cairo and plans to begin building it in September 2012, a…
Speeding, violations led to the fatal bus accident near Hurghada, says governor
CAIRO: The bus accident that killed nine tourists near the Red Sea resort of Hurghada on Friday was caused by speeding and violations by the tour companies, Red Sea Governor…
Journalist arrested as payback for articles alleging police brutality, say activists
CAIRO: A journalist has been accused of drug possession by Alexandrian police in what many activists allege to be police retaliation for accusations of police brutality the journalist made against…
Iran again delays phasing out fuel subsidy, says agency
TEHRAN: Iran will continue to provide motorists with rationed gasoline for another month, again delaying a risky fuel subsidy cut feared to ignite street protests in the Islamic state; a…
