OT 4th quarter net loss narrows to $83 million
By Reuters CAIRO: Orascom Telecom Holding SAE (OT), the Egyptian company bought last year by Russia's Vimpelcom Ltd, said on Monday it narrowed its losses in the fourth quarter to…
A novelist’s memories of revolution in Cairo
By Maurice Chammah I did not fully appreciate novelist Ahdaf Soueif’s new memoir “Cairo: My City, Our Revolution” until I read portions of the text out loud. Some of Soueif’s longer…
Majid Al Futtaim eyes $500 mln Egypt loan: sources
By David French and Michelle Meineke / Reuters DUBAI/LONDON: Dubai-based developer Majid Al Futtaim (MAF) has picked two Egyptian banks to arrange a loan worth around $500 million, to fund construction…
Egypt says deficit not to exceed LE 144 bln
By Reuters CAIRO: Egypt's finance minister denied a report published on Monday that the government had raised its budget deficit forecast for this fiscal year to LE 150 billion. Recent reform…
US urges support for economic reform in Egypt
By Louis Charbonneau and Michelle Nichols / Reuters UNITED NATIONS: US Secretary of State Hillary Clinton on Monday urged the international community to support the International Monetary Fund in its efforts…
Syria opposition demands ‘urgent’ military intervention after massacre
By AFP ISTANBUL: The opposition Syrian National Council called on Monday for an "urgent" foreign military intervention in Syria after reports that 47 women and children were killed in a…
N. Africa countries adopt plan to secure borders
By Ali Shuaib / Reuters TRIPOLI: Nine northern African countries including Libya, Algeria and Egypt agreed on Monday to work together to secure their borders in a move to clamp down…
Egypt’s internet freedom ‘under surveillance,’ says media watchdog
By Mai Shams El-Din CAIRO: Reporters without Borders said Monday that Egypt remains on the list of countries "under surveillance" in the area of freedom of internet activity and online content…
Egypt convicts Israelis, Ukrainian for arms smuggling
By Shaimaa Fayed / Reuters CAIRO: Two Israelis and a Ukrainian were sentenced to life in prison by an Egyptian court on Monday on charges of smuggling a machinegun and ammunition…
Egypt raises budget deficit estimate ahead of loan talks
By Reuters CAIRO: Egypt has raised its budget deficit forecast for this fiscal year by 11.7 percent, the state MENA news agency said on Monday, in a move that may…