Egypt central bank accepts repos worth LE 10.4 bln
CAIRO: Egypt's central bank accepted LE 10.399 billion ($1.731 billion) in seven-day repurchase agreements in the money market on Tuesday, the entire amount it was offered. The bank had asked…
Arab Investment Bank’s Sanady Fund sees 200 pct subscription: HC
CAIRO: The subscription of the Arab Investment Bank’s Sanady Fund, managed by HC Securities and Investment, closed Nov. 17 with 200 percent of the coverage targeted, according to a statement.…
World Bank ups carbon finance support to poorest countries
DURBAN: The World Bank launched two new financial initiatives to help the least-developed countries access financing for low-carbon investments, according to a statement. The Carbon Initiative for Development (Ci-Dev) and…
Muslim Brotherhood threatens demos if poll fraud found
CAIRO: The Muslim Brotherhood, the biggest winner in the first round of Egypt's elections, has threatened to take to the streets if there is any attempt to manipulate results. The…
Egyptian border guards kill African migrant
EL-ARISH: A security official says Egyptian police have shot dead an African migrant and wounded three others near the border with Israel. The security official says the four men, all…
Police detain Shias at Cairo shrine
CAIRO: Police detained seven people celebrating the Shia Muslim festival of Ashura on Monday in front of the Hussein Mosque in Cairo's Islamic quarter, a security source said. The detained…
Low turnout at Qasr El-Nil polling stations
CAIRO: Qasr El-Nil polling stations witnessed a low voter turnout on the first day of run-off elections as four candidates battle for two individual seat. Two of the candidates belong…
FJP, Al-Nour face off in run-offs amid low turnout
CAIRO: The Muslim Brotherhood's Freedom and Justice Party (FJP) faced off Monday in the run-offs with the Salafi (ultra conservative) Al-Nour Party as they both competed to snatch more individual…
Appeals Court rejects request to release activist Alaa Abdel-Fattah
CAIRO: The Appeals Court rejected Monday a request to release activist Alaa Abdel-Fattah, remanded in custody since Oct. 30 pending investigations into the Maspero clashes. The activist’s lawyers lodged the…
Egypt revises down election turnout to 52 pct
CAIRO: The election committee on Monday lowered its turnout figure for the opening phase of Egypt's first election since the fall of Hosni Mubarak, revising it to 52 percent from…