Jail terms overturned, LE 20,000 fine upheld in 'four editors' case
CAIRO: The Cairo Appeals Court overturned a one-year jail sentence and upheld a LE 20,000 fine for each of the four newspaper editors convicted for insulting President Hosni Mubarak and…
Official trade unionists accept transport ministry proposal
CAIRO: Members of the official trade union representing train drivers said that they accept the Ministry of Transport's decree issued last month concerning pay allowances.Mahmoud Saber, head of the trade…
Butane gas saga continues, MP demands investigation
CAIRO: Petroleum Minister Sameh Fahmy said that the gas used for exports is not the same one used in butane gas cylinders domestically, according to local press reports. Fahmy was…
Arab Human Rights Commission blames Arab countries for UN Council suspension
CAIRO: The Arab Commission for Human Rights has blamed Egypt amongst other Arab countries for voting in favor of its one-year suspension from the Economic and Social Council of the…
Ahly increase lead in Egypt despite surprise draw
CAIRO: African champions Al-Ahly stretched their lead in the Egyptian Premiership to three points Saturday despite being held 2-2 by relegation-threatened Al-Gaish.The Cairo 'Red Devils,' winners of the African Champions…
Railway workers to receive incentives, train drivers wait
CAIRO: Minister of Transport Mohamed Lotfy Mansour said around 55,000 railway and metro workers - excluding train drivers - will receive newly decreed bonuses and incentives in the next fiscal…
EFG-Hermes CEO rules out need of capital hike
DAVOS: EFG-Hermes, Egypt s largest investment bank by market value, has a solid balance sheet with capital in excess of $400 million and does not need a capital hike, the…
Egypt to host Gaza reconstruction forum March 2
CAIRO: Egypt is to host an international conference on March 2 to raise funds to rebuild the Gaza Strip, which was devastated by a 22-day Israeli assault, the foreign ministry…
Weekly Stock Review: Stocks fluctuate on profit forecasts, price target cuts
CAIRO: The index sank Sunday 4.38 percent to 3,643.34 points - its lowest level since February 2005 - as the market resumed reeling on economic woes. Trading volume was a…