Egypt central bank accepts repos worth LE 12 bln
CAIRO: Egypt's central bank accepted LE 12 billion ($1.99 billion) in seven-day repurchase agreements in the money market on Tuesday, the same amount it had offered. The commercial banks had…
Egypt foreign reserves fall $1.77 bln in January
CAIRO: Egypt's net foreign reserves fell by $1.77 billion in January, the central bank said on its website on Tuesday. Reserves were $16.35 billion at the end of January, down…
Nigeria military detains French TV journalists
LAGOS: Soldiers guarding a city at the heart of ethnic and religious clashes in Nigeria detained and later threw out journalists working for a French television station trying to cover…
Egypt telecom tycoon Sawiris eyes new horizons
CAIRO: Egyptian telecoms magnate Naguib Sawiris wants to get back on the acquisition trail, eyeing businesses in Europe, the Middle East and Africa after selling a chunk of assets to…
Egyptian NGO crackdown could impact US aid: White House
WASHINGTON: The White House said on Monday that an Egyptian crackdown on pro-democracy non-governmental groups that has enmeshed a number of US citizens could threaten the country's $1.3 billion in…
Court upholds jail term for disgraced Egypt tycoon
CAIRO: An Egyptian appeal court upheld a 15-year prison sentence for property tycoon and ex-politician Hesham Talaat Moustafa for his role in the murder of a Lebanese singer, ending his…
EFG Hermes denies CEO’s connection with Port Said case
CAIRO: After EFG Hermes CEO Yasser El-Mallawany was banned from traveling earlier this week, the firm said it “categorically denies” any connection between the ban and the Port Said case.…
Blatter wants to reinstate Egypt football leaders
ASUNCION, Paraguay: FIFA President Sepp Blatter said he will seek to reinstate fired Egypt football federation leaders, calling their dismissal "direct interference" by the Cairo government. Blatter spoke Sunday in…
MPs argue over means to disperse interior ministry protesters
CAIRO: The People’s Assembly’s general session Monday saw heated debate over a proposition by several MPs to allow security forces to use “lawful means” to disperse protesters around the…
Calls for civil disobedience intensify to pressure SCAF to step down
CAIRO: Some 11 universities and other political groups are promoting calls for civil disobedience starting Feb. 11 until the military rulers step down and hand power over to an elected…