National powers call for ‘serious’ national dialogue with army participation
CAIRO: A number of political powers called Sunday for initiating a serious national dialogue over the basics of establishing a new political regime in Egypt in which the army participates.…
Prosecutor detains former PM Nazif
CAIRO: Egypt's prosecutor general has detained former Prime Minister Ahmed Nazif for 15 days as part of investigations into squandering of public funds, a statement said on Sunday. Prosecutors have…
Trade minister lifts ban on gold exports, driving prices up
CAIRO: Minister of Trade and Industry Samir El-Sayed announced Saturday a decision to lift the ban on gold exports, which was scheduled to continue until June 30. The decision…
Egypt’s Alcotexa sells 50 T cotton in past week
CAIRO: Egypt's Alexandria Cotton Exporters' Association (Alcotexa) committed to sell 50 tons of cotton of the Giza 88 variety in the week that ended on April 9, an Alcotexa official…
Egypt sells T-bills worth LE 5 bln as planned
CAIRO: Egypt's central bank said it sold LE 5 billion in domestic treasury bills on Sunday, the same amount it was seeking (CBEY). The bank sold LE 1.5 billion of…
GB Auto Q1 sales hit in Egypt, sees market rebound in H2
CAIRO: GB Auto, Egypt's biggest listed automobile assembler, said on Sunday political turmoil in the country would weigh on its sales in the first half of 2011, but saw…
Egypt inflation rises to 11.5 pct in March on food
CAIRO: Urban consumer inflation in Egypt accelerated in the year to March to an 11-month high, pushed up by soaring food prices that contributed to the mass protests that eventually…
Mubarak denies corruption allegations in recorded speech
CAIRO: Egypt's ousted president Hosni Mubarak denied in a recorded speech aired on Al-Arabiya channel all corruption allegations against him, confirming that neither he nor his family posses any assets…
SCAF denies using live ammunition or force against protesters
CAIRO: The Supreme Council of Armed Forces (SCAF) denied using live ammunition against protesters in Tahrir Square in a press conference on Saturday. SCAF member, General Adel Umara, said that…
Cairo protesters defy military after deadly crackdown
CAIRO: Several hundred protesters who staged an overnight demonstration in Cairo's Tahrir square after a deadly military crackdown remained in the square on Sunday after the army backed down on…