North Korea plans to activate Yongbyon reactor, says IAEA
VIENNA, Austria: North Korea plans to reactivate the nuclear plant that provided the plutonium for its atomic test explosion within a week, the chief UN nuclear inspector said Wednesday.The move…
Ex-General proposes new mideast peace plan
WASHINGTON: After nearly a decade of deadlock, Israel and the Palestinians should revise their elusive peace efforts to engage Jordan and Egypt as partners in a land-for-peace agreement, a former…
Israel army kills Egypt smuggler near border, says security official
EL-ARISH: Israeli soldiers have killed an Egyptian smuggler who had sneaked across the border, a security official told AFP on Wednesday.Suleiman Sweilam Suleiman, 26, was killed earlier this week by…
Media follows up on tourist kidnapping with conflicting news reports
CAIRO: Local and international media continue to follow up on the kidnapping of 11 European tourists and eight Egyptians with conflicting news reports as the hostage situation enters its fifth…
Iran bans controversial Sadat film from its market
CAIRO: The Iranian government has banned from its markets the distribution or sale of the documentary film "Execution of a Pharaoh, which portrays the late Egyptian President Anwar Sadat as…
I.O.U document claims Britain owes Egypt LE 29 mln
CAIRO: A document was recently discovered proving that Britain is indebted to Egypt by 3 million pounds sterling - or LE 29 million - which it has loaned during World…
SECTOR SERVICE: Online banking: It's all about trust
CAIRO: Inconvenient hours, long queues and bad customer service are common complaints among bank patrons in Egypt. That's why online banking, though still relatively new across the Middle East, has…
IN DEPTH: Egypt needs bigger plans for microfinance, say experts
CAIRO: In 2006, Bangladeshi Dr Muhammed Yunus won the Nobel Peace Prize for his achievements in microfinance with the Grameen Bank, changing the way the world views the kind of…
BUSINESS BEAT: Economists disagree on outcome of CBE rate hikes
CAIRO: The Central Bank of Egypt (CBE) raised overnight interest rates by a cumulative 2.75 percent this year to battle 16-year high inflation, but economists argue that monetary policy tightening…