Facebook at half-price: which way now?
Washington (AFP) — If you bought Facebook shares in the May IPO and held onto them, by Monday morning you would have lost more than half your investment, and not…
Consumer Protection Authority warns merchants against raising bottled-water prices
By Mohamed Abdel Monsef The Director of the Consumer Protection Authority (CPA), General Atef Yaqub, said that the CPA held a meeting with representatives of the Federation of Egyptian Chambers…
Different visions as 24 August approaches
As the day of planned protests approaches, different political figures outline their views of the event
Housing Authority completes the development of 153 villages in Upper Egypt
By Mohamed Darwish The Central Authority for Housing (CAH) concluded the development of 153 villages at the beginning of the month, costing EGP 2.5 billion. The development rate in 373…
Banque Du Caire scores EGP 201 million in Q1
By Islam Serour Banque Du Caire’s financial operations results for the first quarter of 2012 indicate a net profit of EGP 201 million, as opposed to EGP 44.9 million by…
South African miners mourn for dead, told to return to work.
Strikes continue in South Africa, following the death of 44 miners
Lagarde on IMF loan: No discussions over details
Presidential spokesman Yasser Ali: Morsy has officially requested to increase loan from $3.2 billion to $4.8 billion
‘Fiscal cliff’ plan will send US into recession: CBO
Washington (AFP) — The US Congress's budget analysts said Wednesday that current plans designed to slash the budget deficit after January 1 will plunge the country into recession and push…
Bailout request by Spain would not affect debt rating: S&P
Madrid (AFP) - Ratings agency Standard and Poor's said Wednesday that if Spain requested a full bailout from European Union rescue funds and the IMF, this would not affect the…