Bad weather disrupts Suez traffic, closes Red Sea ports
ISMAILIA: Strong winds on Sunday disrupted shipping through Egypt s Suez Canal, cutting traffic to its lowest level in two decades, and closed four Red Sea ports, maritime officials said.A…
Beltone signs merger deal with Pioneers
CAIRO: Egypt s Beltone Financial has signed a deal to complete its planned merger with Pioneers Holding and expects to complete the deal by the end of May, Beltone said…
Egypt prices utility bonds
CAIRO: The Egyptian government s New Urban Communities Authority has priced LE 2.5 billion ($457 million) in bonds it is offering at a floating rate of 62.5 basis points above…
Egypt index falls 2.4 pct, OT weighs
CAIRO: Egypt s main index ended 2.4 percent lower, its sharpest drop in seven weeks, on heavy selling from Arab and local investors, with losses in Orascom Telecom (OT) dragging…
Egyptian born oil magnate in huge donation to Swiss museum
GENEVA: An Egyptian-born magnate behind the recent sale of huge West African and Iraqi oil interests to China has pledged 20 million Swiss francs to the art and history museum…
3,000-year-old sarcophagus back in Egypt
CAIRO: A 3,000-year-old ornately painted coffin arrived back in Egypt on Saturday, 125 years after it was smuggled out the country, antiquities chief Zahi Hawass said.Hawass, who accompanied the casket…
Egypt cancels unveiling of restored synagogue
CAIRO: Egypt has canceled the inauguration of a restored synagogue citing the Israeli oppression of Muslims in the occupied territories as well as excesses by Jews during an earlier ceremony…
Abou-Trika clings to fond memories of Jose
CAIRO: Ahly playmaker Mohamed Abou-Trika is still clinging to fond memories of playing under the guidance of his side s former coach Manuel Jose.The 31-year-old spoke highly about Jose s…
