Liquidity woes menace Islamic banks
DUBAI: Islamic banks will face a crisis scenario by the end of September that could include forced consolidation if liquidity does not return to the financial sector, a leading banker…
Egypt stock indexes decline on foreign selling
CAIRO: Egyptian share indexes declined on Monday as foreign investors sold blue chips to lock in profits on worries international markets might not sustain a current rally, a trader said.…
Egypt says 13 Lebanese, Sudanese hiding in Sinai
AL-ARISH: Egyptian police are tracking down 13 members of an alleged Hezbollah cell believed to be hiding out with the Bedouins in the rugged Sinai peninsula, a security official said…
Brotherhood leader files lawsuit to end travel ban
CAIRO: Prominent Muslim Brotherhood member Essam Al-Erian filed a lawsuit Saturday against the interior minister to lift a travel ban that has prevented him from leaving the country for nine…
Egyptian soldier killed, Israeli tourist stabbed in Sinai
CAIRO: In two separate incidents Monday, an Egyptian police officer was killed when a fellow soldier's gun went off near the border, and an Israeli tourist was stabbed by a…
Egypt bans cement exports as regulator investigates sector
CAIRO: The Ministry of Trade and Industry on Sunday announced it would ban cement exports for four months as competition regulators investigate the sector.Cement prices have risen in Egypt despite…
OT gives France Tel Wednesday deadline for Mobinil deal
CAIRO: Orascom Telecom (OT) Chairman Naguib Sawiris reiterated yesterday that Wednesday April 15 would be the final day for France Telecom (FT) to buy out OT's shares in mobile phone…
Illuminating the Church of St. Gregory the Illuminator
Northeast of Ramsis station, along the street of the same name, an unimposing gate opens into the Armenian Church of St. Gregory the Illuminator. If it were not enclosed, it…
Women on the Verge of a Nervous Breakdown: the Musical?
A European theater operator wants to produce a musical version of Spanish director Pedro Almodóvar's 1988 movie Women on the Verge of a Nervous Breakdown, one of its executives said…
At what cost? – Passover's message
NEW YORK: All peoples and religions want to survive destruction. That is a given. But the question is "At what cost? The Jewish people are celebrating Passover this week. Reading…