Malaysia urges Muslim nations to promote Islamic finance
KUALA LUMPUR: Malaysia Wednesday urged Muslim countries to lead the way in advocating the Islamic finance sector, saying it expects the "positive trends" for the burgeoning industry to continue. Malaysia…
FIFA bans Egypt for 2 World Cup matches
FIFA has banned Egypt from playing in Cairo for two World Cup qualifiers after fans attacked Algeria's team before a match. FIFA ruled Tuesday that Egypt must stage…
Nigerian MP quizzed on marriage to 13-year-old Egyptian girl
ABUJA: A Nigerian senator, under fire for marrying a 13-year-old Egyptian girl, was on Tuesday quizzed by investigators, an official statement said. Investigators of the National Agency for Prohibition of…
Social insurance and pensions draft law scrutinized
CAIRO: In a heated argument that saw one participant escorted out of the hall, government officials and labor activists disagreed on the newly proposed social insurance and pensions law during…
Oil rebounds from 5-month low, stocks weigh
LONDON: Oil rose more than 2.7 percent to $72 a barrel on Tuesday, recovering from a five-month low the previous session, but high inventory levels and the strength of the…
Head of Egypt's mint resigns after cash is stolen
CAIRO: The head of Egypt's mint resigned after the central bank discovered LE 2.8 million ($500,000) had been stolen several weeks ago, a central bank statement said on Tuesday. After…
Emirati woman tried for having sex before gang rape: report
ABU DHABI: An Emirati woman who had complained to police that she was gang raped by six men is being tried for having consensual sex with one of them, The…
MP Mostafa Bakry ends hunger strike
CAIRO: Speaker of the People’s Assembly urge MP Mostafa Bakry to end his hunger strike Monday, describing him as a “knight” and saying that hunger strikes were not appropriate for…
Witnesses identify two of three suspects in Naga Hammadi case
CAIRO: The Emergency State Security Criminal Court in Qena on Tuesday adjourned to June 19 the trial of the Naga Hammadi drive-by shooting case, which left six Copts and a…
Michael Douglas in 'Wall Street' crashes Cannes
Michael Douglas and Oliver Stone stormed the Cannes film festival with their "Wall Street" sequel, a blockbuster dramatization of the 2008 financial crisis. The 65-year-old Douglas gives a crackling performance…