Hopes alive for year-end Gulf stocks rally, Egypt vulnerable
DUBAI/CAIRO: Hopes are still alive for a year-end rally of Gulf stock markets, although it has been a disappointing year for most investors and low trading turnover shows many are…
Egypt sells LE 5.5 bln in T-bills
CAIRO: Egypt's central bank sold LE 5.5 billion ($914.93 million) in domestic treasury bills on Thursday, the same amount it had offered, the Ministry of Finance said. The central bank…
Egypt considers international rice tenders
CAIRO: Egypt's main government grain buyer said on Thursday it would issue international tenders to buy rice if local producers continue stocking up on the commodity. "We are issuing a…
Egypt market regulator approves margin trading, short selling rules
CAIRO: The Egyptian Financial Supervisory Authority (EFSA) approved on Wednesday rules for margin trading and same-day short selling, set to be enacted as new trading methods in the Egyptian Stock…
Egypt army only wants foreign loans in extreme need
CAIRO: Egypt's army said it has not accepted a $3.2 billion financing facility from the International Monetary Fund because it did not want to build up debts while it was…
Egypt stocks fall as Islamist gains put focus on banks
CAIRO: Egypt's benchmark index declined as the formation of a new Cabinet was overshadowed by pessimism over the economy and fears that the success of Islamist parties in the first…
Egypt outlines plans for new constitution
CAIRO: Egypt's army detailed on Wednesday plans to ensure those who draft the constitution represent all society not just groups in parliament, views set to rile Islamists seeking a commanding…
Muslim Brotherhood boycott military panel on charter
CAIRO: Egypt's Muslim Brotherhood, the Islamist group dominating parliamentary elections, says it will boycott a council appointed by the country's military rulers to oversee drafting of the new constitution. In…
Christians in two minds over Islamist gains
CAIRO: An Islamist surge in Egypt has left a large Christian minority divided over whether to flee the country, stay silent or reach out to a political force that seems…
Dubai Film Fest opens with ‘Mission: Impossible’ world premiere
In a year where glamour and entertainment in the region were forced to take a backseat to the tumultuous events of the Arab Spring, the Dubai International Film Festival (DIFF)…