Police only used teargas to protect ministry of interior, says SCAF General
CAIRO: Hours after an apology for the death of protesters across Egypt, the ruling military council said police did not attack and were only protecting the Ministry of Interior in…
Egypt central bank raises overnight deposit rate 100 bps
CAIRO: Egypt's central bank on Thursday raised its rate for overnight deposits by 100 basis points and for overnight lending by 50 basis points in a move that caught…
Analysis: Egypt army may seek ‘blank cheque’ with poll
CAIRO: In a battle with the street for control of Egypt, the ruling military council has threatened to deploy a new weapon which could further polarize the country and lead…
Student activism revived by Tahrir protests
CAIRO: Many university students have been actively participating in the ongoing protests in Tahrir Square, organizing marches from their campuses to the square since the start of clashes between security…
Tahrir’s unsung heroes on motorcycles
CAIRO: Operated by volunteer physicians, nurses, medical students and interns; numerous field hospitals, clinics, and makeshift pharmacies have appeared downtown to aid the hundreds of injured protesters battling police on…
Egypt to issue $2 bln in US dollar T-bills
CAIRO: Egypt said it would offer $2 billion in 1-year US-dollar treasury bills at an auction next week as it struggles to raise funds to finance a growing budget deficit,…
Policy paralysis in Egypt as economic crisis mounts
CAIRO: Faced with economic threats on several fronts, Egypt's rulers look unlikely to come up with a coherent policy response as the country heads into a long and turbulent election…
Egypt bourse reopens Tuesday, pound falls further
CAIRO: Egypt’s stock exchange urged citizens to exercise their duty to vote in the parliamentary elections, and announced the bourse will be closed on Nov. 28, the start of the…
Standard Poor’s cuts Egypt sovereign rating on political crisis
CAIRO: Ratings agency Standard & Poor's on Thursday pushed Egypt's sovereign credit ratings deeper into junk status, citing the country's dire political and economic situation and the increased risk of…
Neds: A personal story
By Myriam Ghattas Telling a poignant and gritty tale of a boy's downward spiral to hell, Peter Mullan makes no concessions as he writes and directs “Neds” (2010) revisiting his native…