Median interbank rate steady at 8.5 percent
CAIRO: The median overnight interbank rate on the pound was stable at 8.50 percent on Wednesday, virtually unchanged from Tuesday s 8.506 with the market quiet as traders awaited the…
Internet giant bases Middle East activities in Egypt
CAIRO: Google Inc., the company behind the world's most popular search engine, continues to build up its presence in the Middle East and, to the surprise of many, has decided…
DJ Junior talks about the party scene
Local partygoers more interested in the venue than the DJCAIRO: DJ Junior packs his bag every summer and off he goes to the crazy global party capital of the island…
Naguib Mahfouz, an icon of Arab literature, passes away at 94
With a Nobel Prize for Literature, an Order of the Nile, a statue and a street to his name, Mahfouz is firmly entrenched in Egyptian historyCAIRO: Naguib Mahfouz, Egypt s…
Somali refugees might head to Cairo
CAIRO: With the volatile situation in Somalia, the influx of refugees is increasing and Egypt is a potential destination. The Cairo office of the Africa and Middle East Refugee Assistance…
Celebrity event
ŠΘ###The event was held at the Semiramis InterContinental in Cairo, here, Former Miss Lebanon Katia Kaady and Egyptian singer Essam Karika##Hady Hatem and Rana El Dighidy
Tottenham signs Egyptian Mido
LONDON: Tottenham agreed to re-sign Ahmed Mido from AS Roma on Tuesday. This is almost two months after the Egypt striker left the London club.Mido will sign with Spurs if…
Polavara to raise $41 million in rights issue
CAIRO: Textile firm Arab Polavara plans to raise LE 234 million ($41 million) through a rights issue that will double its existing shares, the stock exchange said on Tuesday. The…
Smoke fears force EgyptAir plane to land in Canada
OTTAWA: An Egyptian airliner flying from Cairo to New York with 313 passengers and 19-member crew made an unscheduled stop in eastern Canada on Monday when smoke was detected in…
Heavy jail terms handed down in corruption case
CAIRO: A well-known Egyptian businessman and several public bank officials were handed heavy prison sentences Monday in one of the country s highest-profile corruption cases, judicial sources said. Car dealer…