Oil drops to $68 on high stocks, German ban
LONDON: Oil fell to $68 a barrel after touching its lowest in more than seven months on Wednesday, pressured by high US stockpiles and as concern over tighter financial regulation…
Egyptian pound hits 14-mth low versus dollar
CAIRO: The Egyptian pound weakened to its lowest point against the dollar since March 16, 2009, after the US currency strengthened against the euro on concerns about euro zone debt.…
Egypt 14-day deposits average yield at 8.288 pct
CAIRO: The weighted average yield at a 14-day deposit auction was 8.288 percent, compared with 8.321 at last auction on Dec. 2, Egypt's central bank said on Wednesday. The bank…
SODIC posts Q1 net loss of $1.9 mln
CAIRO: Egyptian developer Sixth of October Development and Investment Company (SODIC) posted a first quarter net loss of LE 10.9 million ($1.94 million), well below analysts' expectations. Forecasts from three…
Egypt stock index drops to two-month low
Egypt's main index dipped 4 percent, the lowest since March 16, affected by drop in global markets due to the euro zone's debt woes and a falling euro, analysts say.…
THE REEL ESTATE: Music, colors and bittersweet memories of Cherbourg
In one of those semi-comical, philosophically-fueled drunken sessions I remember, the unavoidable question of death, a recurring topic of these discussions, popped up. And for some peculiar and not-so-morbid reason,…
Fathallah back in training
CAIRO: Zamalek defender Mahmoud Fathalla got back in training after partly recuperating from the head injury he sustained last week. The 28-year-old collided with Asyut Petroleum defender Masinga Vintal in…
New rule for 'Abd-Rabou penalty'
CAIRO: Egypt midfielder Hosni Abd-Rabou will not be allowed to take his trade-mark penalty anymore as FIFA ruled against feinting before taking a spot kick. Abd-Rabou, Egypt's number one penalty…
Ghaly on Zamalek radar
CAIRO: Zamalek will open talks with Hossam Ghaly in the near future over a possible summer deal, the Cairo club said. The Egypt midfielder is set to leave Saudi Arabia's…
Family and Population Minister accuses protesting father of endangering his children
CAIRO: Minister of Family and Population Moshira Khattab filed a case to the general attorney against a father who has been protesting along with his three children in front of…