Prosecution detains 25 protesters for 15 days pending investigation
CAIRO: Cairo’s Zenhom prosecution Monday remanded 25 protesters in custody for 15 days pending investigations into their involvement in the clashes with police forces in front of the Ministry of…
IFC invests $124 mln in Medgulf to extend MENA insurance reach
CAIRO: IFC, a member of the World Bank Group, said it is investing up to $124 million in the Mediterranean and Gulf Insurance and Reinsurance Company (Medgulf), a regional insurer.…
Egypt trims 5-year bond sale, cancels 7-year
CAIRO: Egypt's central bank sold only half the reopened five-year bonds it offered at an auction on Monday and none of the reopened seven-year bonds, the Finance Ministry said on…
Concession fails to quell violent Egypt clashes
CAIRO: Egypt's army-backed government said it was preparing to move ousted President Hosni Mubarak to a Cairo prison hospital in an apparent bid to calm protests, but clashes continued with…
Egypt expects tourist numbers up despite clashes
DUBAI: Egypt's Ministry of Tourism hopes to see a recovery in tourist numbers to between 12 and 13 million this year, bringing in $11 billion, despite ongoing street violence and…
Egypt equities rebound may be part of bumpy ride
DUBAI: Egypt's post-revolution equities are cheap but still not cheerful. Valuations are low even with a 27 percent rise in the benchmark index since the start of the year, due…
Investors, experts to meet at Cityscape real estate summit
CAIRO: Cityscape Next Move is gearing up to host regional and international experts on emerging market investment at the Egypt Real Estate Summit, which is taking place Feb. 20-23 at…
Clashes rage through the night in Cairo
CAIRO: Protesters and police clashed again overnight outside Cairo's security headquarters in the wake of deadly football violence and amid calls by activists for civil disobedience in Egypt. Police fired…
US seeks ‘clarification’ on Egypt activist trials
WASHINGTON: The United States demanded "clarification" Sunday over Cairo's apparent plans to put dozens of pro-democracy activists, including 19 Americans, on trial over charges of illegal funding of aid groups.…
Ex-regime’s Tora inmates to be separated, Mubarak to join them, says TV report
CAIRO: Egypt's interior minister has ordered Cairo's Tora prison hospital to make preparations to receive former President Hosni Mubarak, who has till now been held in a military hospital while…