Egypt up; rebounds from global panic effect
CAIRO: Egypt's benchmark share index jumped 3 percent after three days of sharp declines that took shares to their lowest since April 2009. Share trading was halted on the Egyptian…
Egypt’s urban inflation eases to lowest since December
CAIRO: Annual urban inflation in Egypt eased to 10.4 percent in July, its lowest in seven months, on the back of a slowdown in food prices which contributed to the…
Suez Steel opens new plant to meet local demand
SUEZ: Egypt’s Prime Minister Essam Sharaf toured and inaugurated Tuesday a new rolling factory for the Suez Steel Co., an investment of LE 300 million ($50 million). The project, which…
AfDB ready to invest $1.4 billion in Egypt
CAIRO: The African Development Bank (AfDB) is ready to commit around $1.4 billion to Egypt over the next 18 months, in addition to its ongoing portfolio, the bank’s president said.…
Egypt FM: Syria heading to ‘point of no return’
CAIRO: Syria is heading to a "point of no return" and national reforms must be implemented to avoid foreign interference, Egypt's foreign minister said on Tuesday after almost five months…
Egypt FM: Syria heading to ‘point of no return’
CAIRO: Syria is heading to a "point of no return" and national reforms must be implemented to avoid foreign interference, Egypt's foreign minister said on Tuesday after almost five months…
Global Knowledge opens new Egypt headquarters
CAIRO: Global Knowledge, global provider of IT and business skills training, announced the relocation of its Cairo office and training center to Sheraton Heliopolis from Korba Heliopolis. The company’s new…
Lawyers threaten to turn to international court if denied access to Mubarak trial
CAIRO: A number of lawyers representing martyrs’ families threatened to take measures towards referring ousted president Hosni Mubarak's case to an international tribunal if the court refuses to allow them…
Egypt stock exchange leads regional fall on global woes
CAIRO/DUBAI: Egyptian shares led a regional decline on Tuesday, dropping 4.8 percent to a new two-year low, as stocks tracked US and European markets lower on worries for the global…
US ‘encouraged’ by tougher Arab stand on Syria
WASHINGTON: The United States said Monday that it was "encouraged" and "heartened" by a tougher stand from Arab countries toward Syria's deadly crackdown pro-democracy protesters. "We are very much encouraged,…
