Corruption panel to quiz Mubarak’s son Gamal
CAIRO: An Egyptian panel formed to uncover illicit gains acquired during the rule of deposed President Hosni Mubarak, will next week question his younger son about corruption, the state news…
Arab revolts show freedom better than stability: Italy
ROME: The revolts rocking the Arab world show the international community should favor freedom and democracy over dictatorial stability, Italian Foreign Minister Franco Frattini said on Tuesday. "It's time to…
AU chief condemns foreign intervention in Ivory Coast, Libya
GENEVA: African Union chairman Teodoro Obiang Nguema on Tuesday condemned foreign military intervention in Ivory Coast and Libya, saying that Africa must be allowed to manage its own affairs. "Africa…
Analysts see downward trend of Egypt’s NIR decelerating
CAIRO: Egypt’s net international reserves (NIR) dropped again last month to reach $30.1 billion, the lowest level in more than three years, on back of a drop in revenue sources…
Economic woes weigh on Egypt, CIB dips
CAIRO: Egyptian shares dipped for a second day on economic worries, with most blue-chips falling after the government said economic growth would be slower and the budget deficit wider than…
Egypt mobile phone Jan subscriptions up over 28 pct
CAIRO: The number of mobile phone subscriptions in Egypt grew to 71.5 million as of January, 28.03 percent up from a year earlier, according to government figures. Egypt's three mobile…
Danone Egypt to launch milk farm in 2011
CAIRO: Danone Egypt, which has been producing yogurt in the market since 2008, said it will inaugurate its first milk farm in the world this year in Egypt, according to…
Egypt central bank accepts repos worth LE 6 bln
CAIRO: Egypt's central bank accepted LE 6 billion ($1.01 billion) in seven-day repurchase agreements in the money market on Tuesday. The bank had offered repos worth LE 6 billion. It…
Oil dips, but holds near 2-1/2 year high
LONDON: Oil prices fell on Tuesday but held near 2-1/2 year highs, with Brent remaining close to $121 a barrel on unrest in oil exporting countries in the Middle East…
Linda Cleary: Speaking truth in poetry
Linda Cleary is in Cairo for the long haul. A native of Manchester, England, the poet, writer and artist visited Cairo five times before taking up residence in Dokki…