Algeria’s tax on revenues to effect OT’s Djezzy
The Algerian government has imposed a monthly 0.5 percent tax on revenues of mobile operators in Algeria, reported Al-Borsa newspaper. In its daily market report, Beltone Financial said…
Egypt to probe shipping agencies over high prices
Egypt's Trade Ministry has asked the country's competition and anti-monopoly authority to investigate shipping agencies to see if they have been improperly raising prices, it said on Tuesday. …
Tagammu Party to run in parliamentary elections with 80 candidates
CAIRO: The leftist Tagammu Party announced on Tuesday that it will nominate 80 candidates, including eight women, in the upcoming parliamentary election, scheduled for November. The party's general secretariat will…
Egypt breaks 9-day losing streak; CIB leads
CAIRO: Egyptian shares jumped, ending nine days of declines, after Commercial International Bank (CIB) announced it is doubling its capital with a one-for-one bonus share. Gains in all but…
Gaza wall case referred to state authority for legal opinion
CAIRO: The State Council decided Monday to refer the lawsuit against the building of the Gaza underground barrier to the State Case Authority before rescheduling the next session for Sept.…
Egypt tourism revenue soars in first half
Egypt said on Tuesday earnings from its vital tourism industry, stung last year by the global economic crisis, surged in the first half of 2010 after rising Russian…
CIB to double capital to $1.07 bln
CAIRO: Commercial International Bank (CIB) said Tuesday that it will double its issued and paid-up capital to LE 5.90 billion ($1.07 billion) financed from its reserves. Shareholders will receive…
Egypt ups clean energy cooperation with Japan-funded wind farm
CAIRO: The Japanese government extended a $432 million soft loan to Egypt for a 220-MW wind farm project in the Gabal El-Zeit area on the western coast of the…
Former top forensic doctor criticizes handling of Khaled Saeid case
By Sarah Carr CAIRO: A former chief forensic doctor has criticized the investigation into the Khaled Saeid case, noting inaccuracies in the forensic report during a TV interview. Speaking on Modern…
President of what?
Biographer John Milton Cooper tells the story that just after winning the presidential election of 1912, Woodrow Wilson returned triumphantly to his boyhood home. This was the standard American local-boy-makes-good…