Sudan needs up to $1.5 bln in aid a year: finance minister
ABU DHABI: Sudan may need as much as $1.5 billion of foreign aid a year and plans to slash government spending by a quarter as it faces budget difficulties due…
SODIC swings to first-half net loss: bourse
CAIRO: Egypt's third-biggest listed developer, SODIC, posted a first-half net loss of LE 120 million ($20 million), the stock exchange said on Wednesday. The real estate firm, which does not…
Egypt to rely on local market for financing: finance minister
ABU DHABI: Egypt has no plans to issue an international bond currently and will rely on local market to meet its financing requirements, the country's finance minister said on Wednesday.…
Turkish PM to visit Egypt next week to boost ties
CAIRO: Turkish Prime Minister Tayyip Erdogan will visit Egypt next week to discuss political coordination and economic ties, an Egyptian government official said on Tuesday, at a time of increasing…
Turkey PM declares Israeli ties freeze
ANKARA: Turkish Prime Minister Recep Tayyip Erdogan announced a total freeze on military and trade ties with Israel Tuesday and threatened to visit Gaza as the one-time allies' diplomatic spat…
Lawyers claim witnesses gave contradictory testimonies at Mubarak trial
CAIRO: The testimonies of prosecution witnesses made on Monday during the third trial hearing of ousted President Hosni Mubarak contradicted their previous statements to the prosecution, lawyers said on Tuesday.…
21 Mubarak trial protesters released on LE 200 bail
CAIRO: The prosecution released on Tuesday 21 anti-Mubarak protesters arrested after clashes with the police and supporters of the ex-president outside the court where the third trial hearing was held…
Arab League chief to visit Syria on Wednesday
CAIRO: Arab League chief Nabil El-Araby will visit Syria on Wednesday to pass on Arab concerns about the Syrian government's violent crackdown on protests against President Bashar Al-Assad's rule, an…
Judges exchange accusations over anticipated amendments to judiciary law
CAIRO: The expected amendments to the Judicial Authority Law triggered a volley of accusations between the Judges Club on the one hand and the committee formed by the head of…
Talks over Egypt-Israel gas deal took 10 years, says Wikileaks
CAIRO: Negotiations over the natural gas deal between Egypt and Israel dragged out over 10 years because of “political concerns in Egypt," a recently revealed Wikileaks cable said. A partial…