HC raises Ezz Steel to overweight
By Reuters CAIRO: Egypt's largest steel maker Ezz Steel will likely be allowed to retain the operating licenses for two of its plants after paying a fee, said HC Securities, which…
GB Auto to cut exposure to Egypt market
By Reuters CAIRO: Egypt's GB Auto, the top passenger car importer and distributor in the Middle East and North Africa, will reduce reliance on its Egyptian operations and its exposure to…
Egypt gets $1.2 bln commodity loan from Islamic bank
By Patrick Werr / Reuters CAIRO: Egypt has received a $1.2 billion credit facility from the International Islamic Trade Finance Corporation (ITFC) to help it pay for commodity imports, Planning and…
UN-Arab League Syria envoy Annan seeks political deal
By Edmund Blair / Reuters CAIRO: Kofi Annan, the UN-Arab League special envoy on Syria, will urge government and opposition to halt violence and seek a political settlement after a year…
High-level meetings Monday on Syria and Mideast
By AP UNITED NATIONS: High-level meetings on Syria and the Israeli-Palestinian conflict are expected to take place Monday on the sidelines of a ministerial meeting of the UN Security Council…
US sees Vatican as potential money laundering hub
By AFP WASHINGTON: The US State Department for the first time listed the Vatican as potentially vulnerable to money laundering, along with 67 other countries. The department's annual International Narcotics Control…
Egypt court overturns police death sentence
By AP CAIRO: An Egyptian court has overturned a death sentence against the only police officer convicted of killing protesters during 18-day uprising that forced Hosni Mubarak to step down…
Egypt judge delays trial of NGO workers to April
By Reuters CAIRO: An Egyptian judge said on Thursday he was delaying until April 10 the trial of civil society activists including 16 Americans accused of receiving illegal foreign funds and…
Cairo warns of regional consequences to Syria crisis
By AFP CAIRO: Egypt's Foreign Minister Mohamed Amr on Thursday warned of regional consequences should the crisis in Syria "explode," during talks with UN-Arab League envoy to Syria Kofi Annan,…
Egypt advisory council head to run for president
By Saad Hussein and Yasmine Saleh / Reuters CAIRO: A veteran Egyptian politician who is close to the country's military rulers and the powerful Muslim Brotherhood announced on Wednesday he would…