A ton of explosives seized near Gaza border
RAFAH: An Egyptian security official says police have seized a pickup truck loaded with a ton of explosives near the country s volatile border with the Gaza Strip.The official said…
Gamal Mubarak: 'They will suffer the consequences of Egypt's wrath'
CAIRO: In a statement to Egyptian terrestrial TV Monday, Gamal Mubarak, head of the policies secretariat in the ruling National Democratic Party, said that attacks on Egyptian fans by Algerians…
Shalit release imminent, claim Egyptian and Israeli press
CAIRO: Reports of the imminent release of captured Israeli soldier Gilad Shalit have cropped up in both the Egyptian and Israeli press.The news portal Masrawy ran a report that claimed…
Egyptians looking for easier way to pay the bills
According to a recent survey, Egyptians overwhelmingly say they want a simpler, more streamlined way to pay their bills.The study was conducted by Ipsos Marketing Research for Fawry, a company…
ONE ON ONE: African Development Bank seeks capital infusion
It's not rare for the words Africa and development to be heard in the same sentence. The continent's development deficits top the agenda of international agencies, financial institutions, NGOs, and…
Egypt close to no loss in tourism in 2009
CAIRO: Egypt is close to achieving no loss for 2009 in the tourism sector, said Hisham Zaazou, senior assistant to the Minister of Tourism. Revenues and the number of visitors…
Banks moving away from organized tawarruq: Official
KUALA LUMPUR: Some Middle Eastern banks are avoiding organized tawarruq after a ruling against the practice, an industry official said, a trend that could signal a shake-up for the $1…
Reform fund triggers heated debate
Egypt's Financial Sector Reform Fund has been the subject of a fierce debate in the local media over the last few months, mainly due to its chairman's refusal to allow…
ANALYSIS: Do Egyptian banks practice credit discrimination?
Egypt's banking sector has been praised as a survivor of the global economic crisis. It is a fact that the sector was able to stand firm in the face of…
Michael Jackson wins 4 at AMAs; Swift top artist
The King of Pop is still winning awards and setting records doing it.But while Michael Jackson won a record four posthumous awards, he couldn t beat Taylor Swift for top…
