News in brief
Average yield falls on 273-day Egypt T-bills The average yield on Egyptian 273-day treasury bills fell to 11.641 percent at an auction on Thursday, compared with 11.981 percent at last…
Egypt central bank cuts o/n interest rates by 100 bps
CAIRO: The Egyptian central bank cut its key overnight interest rates by 100 basis points, citing a fall in inflation and an expected economic slowdown, the state-run Middle East News…
Egypt cracks down on smugglers near Gaza
RAFAH: Egyptian police have arrested 40 suspected smugglers and seized contraband goods in a new crackdown on smuggling along the country s border with the Gaza Strip, an Egyptian security…
Egypt says Obama team understands Israel must stop settlements
WASHINGTON: Egyptian Foreign Minister Ahmed Aboul Gheit said Thursday that President Barack Obama's administration understands Israeli settlement activity has to end in order to broker peace with the Palestinians.Aboul Gheit,…
Does Egypt still need a 'just despot'?
CAIRO: Why has the prevalence of democratic rule staggered - if not failed - in the Arab world? It's a question that continues to puzzle many analysts, some of whom…
Egypt seizes Gaza aid, arrests Islamists
AL-ARISH: Egyptian police on Thursday seized 2,200 tons of food and medical aid destined for the Gaza Strip and arrested two members of the banned Muslim Brotherhood responsible for the…
Hamas agrees truce, announcement within 48 hours, says report
CAIRO: Hamas has accepted an Egyptian-brokered 18-month truce with Israel in the Gaza Strip which Egypt will announce in 48 hours, state news agency MENA quoted a senior Hamas official…
Arabs make gains in new Israeli parliament
TEL AVIV: Arab parties have increased their representation in Israel's newly elected parliament, juxtaposed against a notable increase in support for Jewish right-wing parties. According to the votes counted so…
Hobby 25, home for different kinds of hobbies
Popular hobbies in Egypt are usually centered on arts, sports, reading and writing, but only a few would put RC (radio control) car racing, planes and boats on the top…