Al-Nour denies link to Promotion of Virtue and Prevention of Vice
CAIRO: The Salafi Al-Nour Party denied Monday that the founders of a Facebook group claiming its supporters would force their strict interpretation of Islamic laws on citizens were members of…
Egypt accuses Israelis, Ukrainian of arms smuggling
CAIRO: Egypt's prosecutor general on Monday referred two Israelis and a Ukrainian accused of arms smuggling to the Emergency Supreme State Security Court, his office said. The Ukrainian and one…
Pope prays for peace as Nigeria hit by church attacks
VATICAN CITY: Pope Benedict XVI prayed for the victims of famine, floods and conflict in his Christmas message Sunday as a string of bomb attacks targeting churches in Nigeria killed…
Interpol notified of stolen manuscripts from Scientific Complex
CAIRO: The Scientific Complex’s administrative board along with the security authorities notified the Interpol about books and manuscripts that were stolen amid attempts to salvage them from the fire that…
Saudi index hits 21-wk high ahead of budget; Qatar slips
DUBAI/CAIRO: Saudi Arabia's construction-related stocks jumped on Monday in the hope of higher government spending on housing in next year's state budget, lifting the bourse to a 21-week high, while…
Egypt’s Alcotexa sells 1,775 T cotton in past week
CAIRO: Egypt's Alexandria Cotton Exporters' Association (Alcotexa) committed to sell 1,775 tons of cotton in the week that ended on Dec. 24, an Alcotexa official said on Monday. The sales…
Citadel Capital reports solid performance
CAIRO: Citadel Capital said its reported standalone loss of $12.1 million (LE 72.3 million) In the nine months ending September 2011was on par with expectations in a period with…
Egypt to offer LE 5 bln in 3- and 5-year bonds
CAIRO: Egypt's Finance Ministry will offer LE 5 billion ($830.23 million) in three- and five-year bonds at an auction on Jan. 2, the central bank said on Monday. Yields on…
Egypt cbank to offer LE 22 bln in repos
CAIRO: Egypt's central bank said it would offer LE 22 billion ($3.65 billion) in seven-day repurchase agreements in the money market on Tuesday at a fixed rate of 9.75 percent.…
Islamist parties say stock exchange ‘sharia-compliant’
CAIRO: Egypt's political powers expressed their support for the Egyptian Stock Exchange at a press conference Monday, as the Islamist parties, which dominate parliament, pointed out that trading in the…