Explosives cache seized before Afghan elections: Officials
AFP - Afghan police seized 22 tonnes of explosives destined for use in suicide and roadside bombs, officials said Tuesday, four days before elections that Taliban insurgents have vowed to…
1H FY 2013/2014 BOP registers $2bn surplus
The current account balance came in at $755.8m, down from $757m registered during 1Q FY 2013/2014
Assiut power station project receives $106m loan from KFAED
The loan has a 2.5% fixed interest rate to be paid over a period of 24 years
TransCentury sells Rift Valley Railways stake to Egypt’s Citadel
Reuters - Kenya’s TransCentury said on Tuesday that it has sold its 34% stake in Rift Valley Railways (RVR) to Egyptian private equity firm Citadel Capital. Citadel said it bought…
Ahmed Zewail pledges to continue ‘scientific renaissance’
Nobel Laureate confirms recovery, says “98% of Egyptians” are behind project
Al-Azhar University expels 25 students
University permanently allows police forces on-campus following recent violence, clashes erupt in other universities
Saudi Arabia’s NCB plans capital hike before IPO
Reuters - National Commercial Bank, Saudi Arabia’s biggest bank by assets, plans to boost its capital by SAR 5bn ($1.3bn) through conversion of its retained earnings into capital, it said…
UAE lender NBF may tap capital markets: CEO
Reuters - National Bank of Fujairah, which has secured credit ratings from two international agencies, may tap the capital markets in the medium term to diversify its funding sources, its…
Rafah border crossing shut after three days of operation
Egyptian authorities had opened the border crossing for three consecutive days this week
Italy provides Egypt EGP 3.5m for solar power in Wadi Al-Rayan
The solar energy units are currently delivering electricity to 19 buildings in the area
