Prosecutor General to issue statement on Mubarak’s status
By Tamim Elyan CAIRO: A decision on the status of ousted president Hosni Mubarak’s detention is expected this week after he completes 45 days, the maximum period for remanding a defendant…
Illicit Gains Authority questions Heikal on Mubarak fortune claims
By Tamim Elyan CAIRO: The Illicit Gains Authority (IGA) summoned Monday veteran journalist Mohamed Hassanein Heikal to question him regarding a press interview in which he claimed that ousted president Hosni…
Sewedy Electric Q1 net drops 32 pct
CAIRO: El-Sewedy Electric, the Arab world's biggest listed cable maker, on Monday reported a 32 percent drop in first-quarter net income to LE 171.3 million ($28.8 million). El-Sewedy, which has…
Banque Misr in talks to sell Samba stake, says report
CAIRO: State-owned Banque Misr is in talks with Saudi investors to sell its stake in Samba Financial Group, Asharq Al-Awsat newspaper reported on Sunday. Banque Misr's deputy chairman told the…
Pioneers of ‘Arab Spring’ look for lifeline at G8
CAIRO: Egypt and Tunisia expect vital financial aid from the great powers at this week's Group of Eight (G8) summit of wealthy nations to help save their political transitions from…
Egypt cbank to offer EL 6 bln in repos Tuesday
CAIRO: Egypt's central bank said it will offer LE 6 billion ($1.001 billion) in seven-day repurchase agreements in the money market on Tuesday at a fixed rate of 9.25 percent.…
‘Egypt Online’ initiative helps small businesses with web outreach
CAIRO: Smaller businesses can now own websites that would help them promote their products at the lowest possible cost through a new initiative called “Egypt Online.” The brainchild of IPL…
Youth Coalition withdraws from National Dialogue
CAIRO: The Coalition of the Youth of the Revolution withdrew from the National Dialogue conference on Sunday, objecting to its domination by members of the “former corrupt regime”. “No members…
Six Tutankhamun era tombs open to view near Cairo
CAIRO: Minister of State Zahi Hawass on Monday opened to the public six ancient Egyptian tombs dating back to the Tutankhamun era, following their restoration. Hawass unveiled the tombs of…
Obama’s ‘Jewish state’ reference jars Palestinians
JERUSALEM: US-Israel tension over Barack Obama's endorsement of Israel's pre-1967 borders is obscuring a flip side of the Middle East coin: The past days' speeches by the US president contained…