US NGO tells DNE ‘We applied for license in 2005’
CAIRO: Refuting accusations by the Egyptian government, US NGOs Freedom House and the National Democratic Institute told Daily News Egypt they had applied for proper licensing from the country's foreign…
Pushing up Shoura elections will not compromise process, says expert
CAIRO: Holding the Shoura Council elections over two stages instead of three will not undermine the fact that the elections will be free and fair, according to Mazen Hassan, professor…
April 6 launches the ‘Eye of Dignity’ initiative
CAIRO: The April 6 Youth Movement launched an initiate titled, "The Eyes of Dignity," calling on Egyptians to sign a legal document approving the donation of their eyes after their…
UN chief to focus on sustaining Arab Spring
UNITED NATIONS: Secretary-General Ban Ki-moon, in his second term as chief of the United Nations, wants to help people who rose up in the Arab Spring attain and sustain freedom…
Egypt to offer LE 1 bln in reopened 7-year bonds
CAIRO: Egypt's Finance Ministry will offer LE 1 billion ($165.81 million) in reopened seven-year bonds at an auction on Jan. 9, the central bank said on Monday. Yields on Egyptian…
Goldman advisor defends $2 bln Islamic bond scheme
DUBAI: An advisor to Goldman Sachs has defended the US bank's $2 billion Islamic bond program against criticism it may contravene religious principles, in a controversy that could affect Western…
Tasty treats still attracting investors in Egypt
CAIRO: In times good and bad, Egyptians are fond of confectionaries. According to a new retail market audit conducted by Nielsen, consumers in the country spent approximately LE 8 billion…
Egypt c.bank cancels auctions of 3-, 5-year bonds
CAIRO: Egypt's central bank cancelled three-year and five-year re-opened bond auctions worth LE 5 billion ($829 million), the Finance Ministry said on Monday. The bank auctions the instruments on behalf…
Egypt up on 2012 optimism; Gulf mixed
CAIRO/DUBAI: Optimism for the year ahead lifted Egypt's stock market on Monday, while Gulf bourses were mixed in muted trade as many investors were still away on holidays. Egypt's benchmark…
Trade ministry says to resolve issues of closed factories
CAIRO: Egypt's Minister of Trade and Industry announced on Sunday that the ministry will be resolving the problems of suspended or closed factories across the country in order to boost…