Islamists sweep polls, 60 percent turnout in first round, says SEC
CAIRO: Sixty percent of registered voters cast their ballots in the first round of elections, accounting for 10.7 million valid votes out of 17.5 million registered voters, Abdel Moez Ibrahim,…
Disarming Libya militias a ‘complex issue’, says PM
TRIPOLI: The issue of disarming former rebels who fought Moamar Qaddafi forces is "more complex" than it appears, but these militias will be demilitarized soon, Prime Minister Abdel Rahim Al-Kib…
Meet the new ministers of Ganzoury’s Cabinet
CAIRO: Most of the new ministers of Kamal El-Ganzoury’s Cabinet, sworn in on Wednesday, have experience in the respective portfolio of each ministry, but lack significant political background. Twelve ministers…
Arab taskforce on Syria to meet Saturday
CAIRO: Arab League ministers will meet this weekend to mull a response to Syria which wants the bloc to lift sanctions as its price to allow observers to monitor deadly…
Egypt rights groups withdraw from global campaign to fight police, military violations
CAIRO: Five Egyptian human rights organizations decided to withdraw from a global campaign for women’s rights, instead directing their efforts into fighting violations by the police and military forces in…
Hopes alive for year-end Gulf stocks rally, Egypt vulnerable
DUBAI/CAIRO: Hopes are still alive for a year-end rally of Gulf stock markets, although it has been a disappointing year for most investors and low trading turnover shows many are…
Egypt sells LE 5.5 bln in T-bills
CAIRO: Egypt's central bank sold LE 5.5 billion ($914.93 million) in domestic treasury bills on Thursday, the same amount it had offered, the Ministry of Finance said. The central bank…
Egypt considers international rice tenders
CAIRO: Egypt's main government grain buyer said on Thursday it would issue international tenders to buy rice if local producers continue stocking up on the commodity. "We are issuing a…
Egypt market regulator approves margin trading, short selling rules
CAIRO: The Egyptian Financial Supervisory Authority (EFSA) approved on Wednesday rules for margin trading and same-day short selling, set to be enacted as new trading methods in the Egyptian Stock…
Egypt army only wants foreign loans in extreme need
CAIRO: Egypt's army said it has not accepted a $3.2 billion financing facility from the International Monetary Fund because it did not want to build up debts while it was…