FJP determined to sack government
By Omnia Al Desoukie CAIRO: Representatives of the Freedom and Justice Party (FJP) said Thursday that all options are open to confront the ruling military council and sack the current transitional…
Azhar withdraws from constitution panel
By AFP CAIRO: Al-Azhar, Sunni Islam's highest authority, said on Thursday it was withdrawing from a disputed panel dominated by the Muslim Brotherhood to draft a new constitution, following the…
D-CAF and the Downtown culture revival
By Maha ElNabawi Since the Jan. 25 uprising, Downtown Cairo has been the stage for some of the greatest acts of protest in modern Egyptian history. And while the once burgeoning…
Military guards its finances ahead of drafting new constitution
By Reem Abdellatif CAIRO: The ruling military council warned civilians not to “interfere” in the military’s businesses underlining that these ventures have been created from the “sweat” of the Ministry of…
Global Islamic finance assets hit $1.3 trillion, says study
By Anjuli Davies /Reuters LONDON: Islamic financial assets around the world hit $1.3 trillion in 2011, a 150 percent increase over five years as the industry expands into new countries beyond…
Orascom Tel jumps 9.9 pct on Algeria News
By Reuters CAIRO: Egypt's Orascom Telecom jumped 9.9 percent at the opening on Thursday, extending the previous day's gains when an Algerian finance ministry source said the government would pay…
Egypt sells more 364-day T-bills than offered
By Mohamed Samir / Reuers CAIRO: The average yield on Egyptian 364-day domestic treasury bills eased at an auction on Thursday, and the central bank sold more than it originally offered.…
Egypt end-Feb money supply rises 6.9 pct yr/yr
By Reuters CAIRO: Egypt's M2 money supply rose 6.9 percent in the year to the end of February, the central bank said on Thursday. Money supply was LE 1,050.1 billion ($173.9…
Red Cross: Gaza fuel shortage puts lives at risk
By AP GENEVA: The International Committee of the Red Cross says a shortage of fuel in the Gaza Strip is putting the lives of thousands of hospital patients in the…
Four Muslim preachers banned from entering France
By AFP PARIS: France said Thursday it had banned four Muslim preachers from entering France to attend an Islamic conference, saying their "calls for hatred and violence" were a threat…