Serb mobile phone firm attracts 10 suitors
BELGRADE: Serbia s privatization agency said 10 firms had expressed interest in the purchase of Mobtel, its first mobile phone company now renamed Mobi 63, at a starting price of…
Calyon Egypt Jan-March net up 481 percent
Head: CAIRO: Calyon Bank Egypt reported a net profit of LE 22.1 million ($3.8 million) in the three months to the end of March, the stock exchange said in a…
Interbank rate rises to 8.25 percent
CAIRO: The median overnight interbank rate on the pound rose to 8.25 percent on Tuesday from Monday s 8.123 percent with market conditions largely unchanged, bankers said. Four of seven…
EU set to finance 200 new "girl-friendly" schools in Egypt
CAIRO: The European Union has pledged to fund 200 new girl-friendly schools countrywide, in a joint bid with the National Council for Childhood and Motherhood (NCCM) to work towards a…
Seabed between Egypt and Cyprus shows signs of containing oil deposits
NICOSIA: Cyprus is pressing ahead with a search for oil and gas amid encouraging signs that deposits could lie beneath the seabed between the island and Egypt, Commerce Minister George…
European Union expresses concern over renewal of Emergency Law
VIENNA: The European Union expressed concern Tuesday about the arrests and jailing of demonstrators in Egypt and the country s recent decision to extend the Emergency Law it had promised…
Interior Ministry warns against unauthorized street protests
CAIRO: The Interior Ministry warned Monday that any unauthorized street protests would be dealt with as breaking the law, suggesting that police were likely to arrest political activists if they…
FM calls for peaceful resolution to Iran nuclear row
TOKYO: Iran, as a member of the nuclear Non-Proliferation Treaty (NPT), has the right to peaceful use of atomic energy but should not be allowed to have nuclear arms, Foreign…
Gamal Mubarak meets with U.S. National Security Advisor
WASHINGTON: President Hosni Mubarak s son and presumed political heir talked briefly last week with President George W. Bush while at the White House for meetings with top officials.Gamal Mubarak,…