Egypt indexes end flat, Talaat Moustafa drops 8 pct
CAIRO: Egypt s two main stock indexes ended flat on Monday as profit-taking kicked in after three straight sessions of gains, and real estate developer Talaat Moustafa shed 8.12 percent,…
Egypt police find huge weapons cache in Sinai
CAIRO: Egyptian police on Monday found a large cache of weapons in the Sinai desert during a routine patrol of the area, a security official said.Police found "171 mortar shells,…
Egypt, Israel discuss Mideast peace talks
CAIRO: Israeli foreign ministry director Aharon Abramovich met with Egyptian Foreign Minister Ahmed Aboul Gheit on Sunday to discuss peace talks between Israel and the Palestinians.Egyptian foreign ministry spokesman Hossam…
Rafah crossing reprieve displays organization and calm
CAIRO: The Rafah crossing was closed again Monday after a two-day reprieve which allowed around 3,600 people to cross the Egypt-Gaza border including students studying abroad and those seeking medical…
Shoura Council fire investigation still underway
CAIRO: Investigations into the fire that gutted the Shoura Council two weeks ago are still underway, with the People's Assembly's Defense and National Security Committee holding meetings to "assess the…
Stronger dollar could weaken Egyptian pound, say economists
CAIRO: Economists expect the US dollar's month-long rally against the Egyptian pound to remain intact, as Europe appears to be slipping closer towards recession."We think that the pound will weaken…
Morgan Stanley upgrades Telecom Egypt
CAIRO: Morgan Stanley upgraded Telecom Egypt to "overweight from "equal weight on valuation and said tariff rebalancing in the second half of 2008 should help the company stabilize earnings.The investment…
Egypt economic growth hits 7.2 pct, says Finance Minister
CAIRO: The economy emerged from last fiscal year, which ended June 30, by growing at a 20-year-high of 7.2 percent, Finance Minister Youssef Boutros-Ghali said on Sunday. The figure leapfrogged…
Nobel laureatue Pamuk publishes latest novel
ISTANBUL: Turkey s first Nobel laureate Orhan Pamuk launched his latest novel this weekend in Turkey, "The Museum of Innocence, a love story between a rich man and a poor…
'Dark Knight' swings past $500 million mark
LOS ANGELES: Batman s rich alter-ego Bruce Wayne has added half a billion dollars to his riches. The Dark Knight on Sunday became the second movie in Hollywood history to…
