Egyptian shares rebound, led by OT
CAIRO: Egyptian shares rebounded on Thursday when investors showed renewed interest in Orascom Telecom (OT), despite the company s decision to abandon its bid for Telecom Italia s stake in…
Egypt median o/n interbank steady at 8.756 pct
CAIRO, June 14 (Reuters) - The median overnight interbank rate on the Egyptian pound was steady at 8.756 percent on Thursday, the same as Wednesday s rate, in the absence…
Egyptian envoy in US says has bad three weeks
CAIRO: The Egyptian ambassador in Washington said the last three weeks had not been pleasant because of disagreements between Egypt and the United States over elections, human rights and other…
Egypt hits back at US for withholding military aid
CAIRO: Egyptian Foreign Minister Ahmed Aboul Gheit on Thursday hit back at the United States for tying millions of dollars in military aid to Egypt s human rights record. Egypt…
Abbas loyalists flee to Egypt
Egypt withdraws Gaza mission after Hamas routCAIRO: Ninety-nine Fatah loyalists crossed the border into Egypt Friday after the latest Palestinian infighting saw Hamas take over the majority of the Gaza…
"I like this violence" US peace envoy says
US supported Fatah-Hamas fighting says UN envoyThe US "clearly pushed for a confrontation between Fatah and Hamas up until the formation of a National Unity Government in the Palestinian territories,…
Abraaj Capital buys GMMOS Group
Abraaj Capital, private equity investment in the Middle East, North Africa and South Asia (MENASA) region, announced that it has acquired 100 percent of GMMOS Group, a major regional oil…
Egypt to receive 11 million euro scientific research grant
CAIRO: The Egyptian government is set to receive a European Union (EU) grant worth 11 million euros (LE 85 million) on June 18 in support of the Egyptian government's Research,…
Lufthansa, Egypt Air in code-sharing deal
FRANKFURT: German flag carrier Lufthansa unveiled Thursday a code-sharing agreement with EgyptAir that it said would mark the start of close cooperation between the two airlines in the future.Lufthansa said…
Private air travel no longer the preserve of the super-rich
CAIRO: Feel like stopping by the Gulf this weekend? For around $40,000 not only can you make the weekend trip, but do it in your own private jet. According to…