Egypt prepares to sell $2 bln Islamic bonds: scholar
DUBAI: The Egyptian government, seeking to head off a funding crisis, is preparing to raise about $2 billion through its first issue of Islamic bonds, an Islamic scholar familiar with…
Egypt’s OTMT to pay dividend from Mobinil proceeds
CAIRO: Egypt's Orascom Telecom Media Technology (OTMT) said on Monday it would give shareholders much of the $1 billion it stands to gain by selling its stake in Mobinil and…
Egypt bourse asks OTMT for details on Mobinil deal
CAIRO: Egypt's stock exchange has asked Orascom Telecom Media and Technology for more details on a deal for France Telecom to buy out most of OTMT's stake in jointly telecom…
EFG Hermes share trading resumes after statement on CEO
CAIRO: Egypt's stock exchange briefly suspended trade in EFG Hermes shares on Tuesday but resumed dealing after the investment bank issued details about its Chief Executive Yasser El-Mallawany, who faces…
Briton allowed to leave Egypt after travel ban
CAIRO: A British charity worker who was barred from leaving Egypt last week over an investigation into non-governmental organizations operating in the country was cleared to return to Britain on…
Hackers claim attack on American tear gas company
LONDON: A US security company whose tear gas has been used against Egyptian demonstrators has become the latest victim of the Anonymous movement, hackers claimed Tuesday. In a…
Released Australian journalist tells of torture in Egypt
SYDNEY/CAIRO: An Australian journalist who was held in Egypt on suspicion of paying Egyptians to stage protests against the authorities Tuesday denied the claims and told how he could hear…
Obama asks for $770 mln to boost Arab democracy
WASHINGTON: US President Barack Obama's administration on Monday requested a fund of nearly $800 million to boost political and other reforms in Arab countries undergoing pro-democracy revolutions. He also retained…
PA approves increase in compensation for martyrs’ families to LE 100,000
CAIRO: The People's Assembly (PA) approved Monday a draft law to increase compensation for the families of the martyrs who died during the January uprising and subsequent clashes with security…
MPs slam PA fact-finding mission report on Port Said massacre
CAIRO: Members of parliament Monday slammed the preliminary report issued by the fact-finding committee probing the Feb. 1 Port Said football massacre that left 71 dead, describing it as "vague"…