Plunging Gulf markets hit Egyptian stocks
CAIRO: Egyptian stocks fell on Sunday as negative sentiment from plunging Gulf stock markets weighed on Egypt s bourse, hitting stocks popular with small investors and the housing and construction…
Egypt median overnight interbank rate slips
CAIRO: The median overnight interbank rate on the Egyptian pound slipped to 8.075 percent on Monday from Sunday s 8.118 percent with demand for pounds low at the end of…
Dispute between telecom bigwigs
CAIRO: Orascom Telecom Holding S.A.E. (OTH) announced on May 4 that it will file a request for arbitration against Kuwaiti operator Wataniya Telecom (WT) regarding a material breach of a…
All charges dropped against reporter
CAIRO: A criminal court has dropped the case against an Egyptian journalist sued by a judge for libel, a court official said Monday.The Giza Criminal Court on Monday dropped charges…
DNA law on the move
CAIRO: A draft law that would make DNA testing mandatory and applicable in court cases for proving parenthood is now under final revision before parliament members cast their votes on…
Egypt still lags behind in ease of doing business
CAIRO: In 2004, 99 countries, two thirds of those featured in the World Bank's prominent Doing Business report measuring the relative ease or difficulty of doing business in countries, introduced…
Activists protest pre-trial treatment of detainees
CAIRO: Around 30 rights activists and Kefaya movement (Enough) leaders protested Sunday in support of Kefaya members, political activists and two journalists, temporarily detained at Tora Mazraa Prison near Cairo.The…
Mubarak welcomes Darfur peace agreement
CAIRO: President Hosni Mubarak on Saturday welcomed the signing of the Darfur peace agreement by Khartoum and the region s main rebel faction but urged the other parties to sign.…
Opposition says reform moving in the wrong direction
CAIRO: In this era of Middle Eastern politics, the Egyptian populace has responded in a flurry to last week's decision to extend the Emergency Law, now in effect for a…
Foreign minister calls for setting new dates for Mideast peace plan
CAIRO: Foreign Minister Ahmad Abul-Gheit said Saturday that new dates should be set for the U.S.-backed roadmap peace plan, which envisions a cessation of violence and the creation of an…
