UN’s Ban ‘appalled’ by Nigeria violence
UNITED NATIONS: UN Secretary General Ban Ki-moon said Sunday that he was "appalled" by an outbreak of violence in Nigeria that claimed at least 39 lives. A spokesman for the…
Parliament will not discuss current electoral system, says NDP
By Marwa Al-A'asar CAIRO: Lawmakers will not discuss Egypt’s electoral system during the current parliamentary term, said Moufid Shehab, the ruling National Democratic Party (NDP) Assistant Secretary General for Parliamentary…
South Sudan’s membership in Arab League to be decided, says Moussa
CAIRO: In case South Sudan becomes a separate state, its membership in the Arab League will be subject to the member states’ consent, Arab League Secretary-General Amr Moussa said on…
Al Borg Laboratories delists from the Egyptian Stock Exchange in a public to private transaction
Al Borg Laboratories, the Middle East’s largest medical testing group, announced that it finalized the voluntary delisting of its shares from the Egyptian Stock Exchange (“EGX”) and has become a…
Egypt 273-day T-bills avg yield rises to 10.661 pct
The average yield on Egyptian 273-day treasury bills inched up to 10.661 percent on Monday from 10.514 percent at the last week's auction. The central bank accepted bids for bills…
Court issues verdict protecting university students’ freedom of expression
CAIRO: The Administrative Court issued a verdict in favor of three Ain Shams University students on Sunday, permitting them to take their exams on Jan. 13 in spite of a…
Egypt stimulus plan worth up to $3.4 bln: finance minister
CAIRO: Egypt has adopted a stimulus plan with the aim of injecting LE 10-20 billion ($1.72-3.44 billion) into the economy in the 2011 calendar year, the country's finance minister said…
Further delays in Weather Investments, VimpelCom deal
CAIRO: Finalization of the $6.6 million agreement between Weather Investments and VimpelCom was delayed until Friday, according to Al Mal, a local Egyptian newspaper, who cited Naguib Sawiris, Weather’s chairman.…
World Bank announces collaboration with Arab league to boost human development, infrastructure, SMEs
CAIRO: Mahmoud Mohieldin, the former Minister of Investment and current managing director of the World Bank Group, was in Cairo this week to discuss possibilities for cooperation and partnerships between…
Mido has to work hard to regain place
CAIRO: Mido admitted that he has to work hard once again in order to convince new Ajax manager Franck de Boer with his capabilities. Mido fell down the pecking order…