Cairo hopes new yellow cabs can provide a cleaner, gentler ride
CAIRO: Riding a Cairo taxi is like being trapped in a pinball machine. These rickety, un-air conditioned crates, their seats caked with grime, careen around corners and charge through red…
Saving 1,500-year-old manuscripts
CAIRO: In Wadi Al Natroun lies the Coptic monastery Deir El Surian, whose library houses an estimated 2,000 of the earliest Christian manuscripts and fragments dating back as far as…
Watching houses of worship crumble
CAIRO: As sectarian tension has grown in Egypt over the past few years, Copts have become more vocal about their concerns with the decades-long difficulties facing the building and restoration…
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…