Brave Masri hold Ahly to draw
CAIRO: Ahly were held at home to a 1-1 draw by a combative Masri side in a pulsating Egyptian Premier League match on Tuesday. Masri, who were bolstered by a…
Ahly sweating over Ashour
CAIRO: Ahly are anxious over the fitness of midfielder Hossam Ashour who sustained a knee injury in Tuesday's 1-1 draw with Masri. The in-form midfielder had to be replaced by…
Egypt clamps down on security after museum theft
CAIRO: Egypt pledged on Tuesday to implement strict measures to protect its cultural and archaeological riches after the theft of a Vincent Van Gogh masterpiece in broad daylight from an…
14 killed in Egypt when truck smashes into microbus
CAIRO: Fourteen Egyptians were killed on Wednesday when a truck lost one of its wheels and careened into a microbus full of passengers, a police official said. Five others were…
Univar now fully operational in Egypt
Univar, a UK-based global chemical distributor, said Wednesday that its Egypt arm is now fully operational, according to a statement. The new entity includes office and warehouse space and will…
SODIC reports LE 51 mln profit in H1
Egyptian developer Sixth of October Development and Investment Company (SODIC) made first half net profit of LE 51 million ($8.9 million), according to a company statement released Wednesday. SODIC said…
Egypt pound touches 3-1/2 year low to dollar
The Egyptian pound touched a 3-1/2 year low against the US dollar as foreigners pulled money out of emerging markets and local investors sought more dollars. The currency, which has…
Six tunnels discovered in Sinai while Egypt maintains Rafah crossing opening
CAIRO: Egyptian authorities discovered six additional tunnels linking Rafah and Gaza near the Salahuldin gate on the border between Sinai and the Gaza Strip Monday evening. Security forces seized the…
Trade push reshaping Islamic finance’s regional rivalry
MANAMA/KUALA LUMPUR: Arshad Khan, the chief of the Bahrain Financial Exchange, had envisaged a global Islamic trading platform when he set out to work with Malaysia's stock exchange this year.…
AAIB says responsible financing is key
Over the past two years, there’s been a lot of lost trust in financial institutions in the wake of global economic turmoil, which gave rise to new banking regulations, financial…