Placing brings Egypt's El Sewedy Cables to market
CAIRO: Major shareholders in El Sewedy Cables raised LE 1.29 billion ($224 million) through a private placing carried out through the Egyptian stock exchange, a company statement said on Wednesday.…
WHO chief warns of bird flu "blind spots"
Reuters GENEVA: Bird flu threatens human lives in hundreds and possibly thousands of disease blind spots around the globe, the late head of the World Health Organization said in remarks…
Wide-scale protests expected today
CAIRO: After weeks of violent demonstrations and the anniversary of "Black Wednesday looming today, activist groups are expected to continue to put pressure on the Egyptian government. Last week, violence…
MSA International Day
ŠΘ###The University was divided into 12 wings each being another country and gave out free food to the students, here, Negoud El Shibany and Reeman Adelsamee##Dina Hosein, Shaimaa Hatem and…
Al Ahli finishes unbeaten for second season in a row
CAIRO: Egyptian champions Al Ahli won 4-0 at Ismaili to finish the league unbeaten for the second season in a row. Last year s African Champions League winners dominated Monday…
Roman city submerged in sea to be excavated
CAIRO: The Egyptian authorities have given the go ahead for the underwater exploration of what appears to be a Roman city submerged in the Mediterranean, Egypt s top archaeologist said…
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…
Shares extend losses, index dips over 5 percent
CAIRO: Stocks dipped sharply for a second day on Tuesday, with the benchmark index down more than 5 percent in early trade on the back of a dip in other…
Interbank rate rises to 8.35 percent
XCAIRO: The median overnight interbank rate on the pound was 8.35 percent on Tuesday, up from Monday s 8.049 percent after central bank auctions drew liquidity from the market, traders…
Egypt says Palestinians involved in Sinai attacks
CAIRO: Egypt s interior ministry said Tuesday the Egyptian group which carried out three simultaneous suicide bombings in the Sinai last month received support from Palestinian militants in Gaza and…