Egypt indexes hit by profit taking, NBD offer
CAIRO: Egyptian share indexes dipped on Thursday on news of a lower-than-expected bid for National Bank for Development and profit-taking by retail investors after two days of light gains in…
Egypt pound interbank rate down to 8.79 percent
CAIRO: The median overnight interbank rate on the Egyptian pound fell fractionally to 8.79 percent on Thursday from 8.824 on Wednesday in the absence of central bank certificate of deposit…
United Bank for Africa Plc. signs deal with Mediterranean Smart Cards Company
CAIRO: Mediterranean Smart Cards Company (MSCC) recently announced that they have signed an agreement to handle smart card processing for the United Bank for Africa Plc (UBA). As one of…
Abu Dhabi Islamic made only bid for Egypt bank
CAIRO: A consortium led by Abu Dhabi Islamic Bank made the only bid for Egypt s National Bank for Development, offering less than a third of its market price, an…
Egypt proposes appeals court for military tribunals
CAIRO: Egypt s upper house of parliament discussed Wednesday an official proposal to set up for the first time an appeals process for military tribunals used to try terrorism suspects.Egypt…
Canada silent on Al-Attar assistance
CAIRO: Following assurances over a period of a week, the Canadian Department of Foreign Affairs in Ottawa has failed to comment on the reported assistance Canadian diplomats are currently providing…
Egypt rights groups say turnout in referendum was 5 percent, not official 27
Associated PressCAIRO: Turnout for a referendum on amendments to Egypt s constitution last month was only five percent, far lower than the 27 percent reported by the government, Egyptian human…
Choice of Sharm for peace summit displays Egypt-Iran tensions
CAIRO: Sharm El-Sheikh, long the destination of choice for package tourists and aspiring peace-makers alike, will play host to a high-level ministerial meeting on the future of Iraq from May…
INTERVIEW: Times are hard for Egypt's sidelined liberals
ReutersCAIRO: Short of cash, out of parliament and shadowed by a rival party with the same name and logo, the liberal Ghad Party of imprisoned Egyptian opposition politician Ayman Nour…
Rights groups dispute vote turnout
Turnout for a referendum on amendments to the nation's constitution last month was only five percent, far lower than the 27 percent reported by the government, local human rights groups…
