Foreign exit from Egypt blue chips sinks index
CAIRO: Egypt s two main indexes dipped sharply lower on Wednesday, with most blue-chip firms declining as foreign investors retreated amid continuing global financial upheaval. The benchmark CASE 30 fell…
Egypt bourse extends losses, foreigners sell
CAIRO: Egypt s main stock indexes fell for a fourth straight day on Thursday, with foreign investors selling heavily on fears of a further global economic slowdown, brokers said. We…
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…