SCAF proposes schedule for leaving power
CAIRO: Egypt's military rulers on Saturday floated a timetable for their exit from power under which presidential elections could be held by late next year. The proposal is not binding…
Maryam, Maryam, quite contrary
By Chitra Kalyani “I often ask myself if I believe what I’m doing. Do I believe that I sing? Am I really doing this?” Maryam Saleh says, explaining her puzzling concert…
Turkey tourism sector buoyed by ‘Arab Spring’
ANKARA: Turkey's rising regional status in the Arab world swept by popular uprisings against dictatorships is translating into a booming tourism sector at a time of chill in ties with…
Transport workers announce open sit-in near Cabinet
CAIRO: Despite news that a settlement has been reached, around 3,000 Public Transport Authority (PTA) workers started an open-ended sit-in outside Cabinet building until their demands are met, following a…
AAIB recognized as best investment bank in Egypt
CAIRO: The Arab African International Bank (AAIB) has been recognized by New York-based Global Finance magazine as the best investment bank and best foreign exchange bank in Egypt for 2011,…
Egypt sells LE 6.5 bln in T-bills
CAIRO: Egypt's central bank sold LE 6.5 billion ($1.09 billion) in domestic treasury bills on Sunday, the same amount it had offered, Egypt's Finance Ministry said. The central bank sold…
Egypt gov’t aims to rely less on local banks: fin min
CAIRO: Egypt is looking at ways to reduce its dependence on borrowing from local banks because it is a burden on the economy, the finance minister said on Sunday. The…
Egypt’s Alcotexa sells 965 T cotton in past week
CAIRO: Egypt's Alexandria Cotton Exporters' Association (Alcotexa) committed to sell 965 tonnes of cotton in the week which ended on Oct. 1, an Alcotexa official told Reuters on Sunday. The…
Egypt considering release of suspected Israeli spy
CAIRO: Egyptian state media say authorities are considering the release of a suspected Israeli spy held since June. Ilan Grapel was arrested in Cairo on June 12 and has been…
Egypt police clear Tahrir Square of protesters
CAIRO: Egyptian riot police on Saturday cleared Cairo's Tahrir Square of protesters who had wanted to stage a sit-in following a demonstration demanding an end to emergency laws and a…