Another Sinai bombings suspect surrenders
EL-ARISH, Egypt: Another suspect in the terror attacks that rocked the Sinai Peninsula in April has surrendered said security officials on Saturday.Gen. Adel Fawzi of North Sinai s criminal investigations…
Court sentences eight to jail over theater fire
CAIRO: An Egyptian court sentenced eight government employees, including the head of a cultural body, to 10 years in jail each on Monday for negligence over a theater fire last…
EFG-Hermes chief sees big opportunities in Saudi Arabia
Reuters SHARM EL-SHEIKH, Egypt: The chairman of Egypt-based investment bank EFG-Hermes said on Monday its newly obtained Saudi license was crucial to growth because it expands the company s market…
Call center chief sees offshore growth in Egypt
Reuters SHARM EL-SHEIKH, Egypt: The chairman of Egypt s largest offshore call center company said on Sunday his company was growing at 50 percent a year and that in this…
Retail selling pulls stock market lower
CAIRO: A slump in EFG-Hermes shares pulled the wider Egyptian stock market lower on Monday, with a sell-off by small investors expecting a further drop in stock prices weighing on…
Egypt mulls pound eurobonds
Reuters SHARM EL-SHEIKH, Egypt: The Egyptian government has started talks with investment banks on the possibility of issuing bonds abroad denominated in Egyptian pounds, Investment Minister Mahmoud Mohieddin said in…
Nazif wants no Brotherhood block in parliament
Reuters SHARM EL-SHEIKH, Egypt: The Egyptian government wants to prevent the Muslim Brotherhood forming a parliamentary group by winning seats as independents in future elections, Prime Minister Ahmed Nazif said…
Arab League chief at WEF: No to nuclear weapons in Mideast
SHARM EL-SHEIKH, Egypt: The Arab League chief on Monday said U.S. charges that Iran wants to build nuclear weapons had no credibility in the Arab world and demanded that the…
Brotherhood says Nazif's comments betray reform
CAIRO: Egypt s banned Islamist opposition Muslim Brotherhood said on Sunday comments by the prime minister about preventing its members from standing in future elections proved the government was not…
Intel unlikely to slash jobs in efficiency review
SHARM EL-SHEIKH, Egypt: Intel Corp. is unlikely to shut plants or slash jobs following a top-to-bottom review announced last month to address shrinking market share and slowing computer sales, a…