Average yield slips on 182-day Egypt T-bills
CAIRO: average yield on Egyptian 182-day treasury bills fell to 11.635 percent at an auction on Monday, down from 11.763 percent at the last auction on Dec. 1.The central bank…
Naguib Sawiris arrives in NKorea
SEOUL: The head of an Egyptian firm which is launching a mobile phone service in North Korea arrived Monday in the capital Pyongyang, official media in the secretive communist state…
Egyptian stocks recover on foreign buying
CAIRO: The Egyptian stock market rose on Monday as non-Arab foreigners started buying again, focusing on big cap companies with London listings, brokers said. The foreigners were net buyers by…
Oil price surges past $50 as OPEC output cut looms
LONDON: The price of New York crude oil soared above $50 per barrel to a two-week high point on Monday, as the market was driven by expectations that OPEC will…
Egypt police discover 114 migrants in truck
CAIRO: Egyptian police have detained 114 sub-Saharan African migrants who were found packed into a single truck in the Sinai peninsula, the state news agency MENA reported on Monday.Police regularly…
Physical, verbal brawls erupt in PA
CAIRO: Clashes erupted at the People s Assembly Sunday between members affiliated with the National Democratic Party (NDP) and Saad Aboud, of Al-Karama opposition party, as they discussed the Ministry…
Iran trying to dominate Mideast, says Aboul Gheit
CAIRO: Egyptian Foreign Minister Ahmed Aboul Gheit lashed out at the Iranian government on Sunday, accusing the Islamist regime of trying to dominate the Middle East.Aboul Gheit s statement signaled…
Iraqi 'shoe' reporter detained by PM security
BAGHDAD: A reporter who threw his shoes at President George W. Bush was being held for questioning by the Iraqi prime minister's guards, an Iraqi official said Monday, as Arabs…
Egypt's Arafa buys stake in Italian clothing firm
CAIRO: Egyptian garment maker and retailer Arafa Holding has bought a 35 percent stake in Italian textile firm Forall Confezioni S.p.A (Forall Group) for ?25.3 million ($34.07 million), Arafa said…