Egypt pound o/n interbank edges down to 8.805 percent
CAIRO: The median overnight interbank rate on Egypt s pound edged down fractionally to 8.805 percent on Thursday from 8.812 percent on Wednesday as many banks steered clear of central…
New Australian animal cruelty row in sheep trade to Egypt
SYDNEY: The Australian government said on Tuesday it would not ban live sheep exports to Egypt despite new evidence of what it called appalling treatment in that country, but would…
Cyprus oil exploration draws interest from five firms
NICOSIA: Five international companies have contacted the Cypriot government over the possibility of exploring oil and gas deposits off the Mediterranean island s coast, the commerce minister said Tuesday. Antonis…
Rachid promises more development, government transparency
CAIRO: Bureaucracy is a major obstacle to development, Minister of Trade and Industry Rachid Mohamed Rachid told a gathering of businessmen Tuesday. At a press conference organized by the Egyptian-French…
France-Africa summit kicks off in Cannes
CAIRO: The France-Africa Summit kicked off in the French city of Cannes Thursday in the presence of 30 African leaders including President Hosni Mubarak.The meeting will be the last to…
Bush's Iraq troop surge a doomed gamble, says Al-Zawahri
Reuters DUBAI: Al-Qaeda s second-in-command Ayman Al-Zawahri said US President George W. Bush s troop build-up in Iraq was a gamble bound to fail and criticized his Democrat rivals for…
Net profits of insurance companies hit LE 2.7 billion
CAIRO: Net profits of the Egyptian insurance companies surged significantly to LE 2.73 billion during the fiscal year 2006, or up 46.6 percent from LE 1.86 billion a year earlier.Elhamy…
People's Assembly approves LE 214 million World Bank loan
CAIRO: The People s Assembly Housing Committee has approved a LE 214 million loan from the World Bank to be pumped into the country s relatively infant mortgage financing industry.According…
A Middle Eastern Tour of Paris
With the recent riots in Arab-French suburbs and heated debates over the hijab (head scarf), France may not seem like the place to find Middle Eastern cultural activities. Not true.…
Cream of the crop
Back in high school, I had a math teacher who knew nothing about math.The guy would stand in front of our class clutching a piece of chalk and use it…