Egypt shares dip on share price limit lift
CAIRO: Egyptian shares dipped on Wednesday because retail investors sold off after a decision to remove limits on some share price fluctuations, dealers said. The Capital Market Authority said on…
Egyptian shares rebound, led by OT
CAIRO, June 14 - 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…
Egypt median o/n interbank steady at 8.756 pct
CAIRO, June 14 - 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 of…
Actis acquires a controlling stake in Sinai Marble
Actis, a leading private equity investor in emerging markets, announced today that it has acquired a 70 percent stake in Sinai Holding for Marble & Investments (Sinai Marble). Sinai Marble…
Fatah torches Hamas MPs' office in West Bank
NABLUS, West Bank: Fatah-linked arsonists on Thursday set fire to an office used by Hamas MPs in the occupied West Bank, where factional fighting is beginning to spread from the…
Egypt says 'hidden hands' behind Palestinian infighting
CAIRO: Egyptian Foreign Minister Ahmed Aboul Gheit claimed Tuesday that hidden hands are behind deadly Palestinian infighting and called on all factions to be mature in their responses. The minister…
Egypt welcomes Sudan's decision to allow UN forces into Darfur
UN brands sex allegations as "false CAIRO: After years of intense diplomacy, the Sudanese government finally agreed Tuesday to allow UN forces to enter Sudan jointly with African Union (AU)…
Egypt's Mubarak says too old for change, says report
CAIRO: Egyptian President Hosni Mubarak has told U.S. President George W. Bush he considers himself too old to carry out political reforms, an Egyptian dissident who met Bush said in…
NDP wins 71 of 88 seats in Shoura Council
CAIRO: The National Democratic Party (NDP) won 69 out of 71 contested seats in the Shoura Council's mid-term elections that took place last Monday, according to the foreign press reports.According…
UN envoy holds US responsible for mideast failings in leaked document
Israel takes "rejectionist approach to peace, End of Mission report also claimsCAIRO: A secret UN report penned by the highest UN official directly involved in the Palestinian-Israeli conflict places the…