Islamic Development Bank to loan Egypt $2.5 billion
CAIRO: The Islamic Development Bank said on Wednesday it will grant Egypt a $2.5 billion loan to finance infrastructure projects and as insurance for imports and exports. The three year…
Converts demand religion on ID cards be corrected as per court order
By Essam Fadl CAIRO: Six Christians who converted to Islam and then back to Christianity filed a complaint to the Prosecutor General against the interior minister and his assistant, the head…
Copt stripped of citizenship files int’l complaint against Egypt
By Marwa Al-A'asar CAIRO: Coptic lawyer Morris Sadek filed a complaint earlier this week before a UN body against the Egyptian government for stripping him of his nationality on charges of…
Real estate drags Egypt’s index down, regional markets mixed
DUBAI/CAIRO: Real estate stocks dragged Egypt’s main index down 0.9 percent after a newspaper reported a new lawsuit to scrap a land sale to Saudi billionaire Prince Alwaleed bin Talal,…
Egypt analysts question timing of short selling, trading tools
CAIRO: With the Egyptian Stock Exchange planning to introduce short selling and other trading tools to the market, some experts welcomed the idea while others seem somewhat skeptical. “Short selling…
Saudi, US debated oil reserve swap before OPEC: sources
WASHINGTON/LONDON: It was to be a swap felt around the world — a plan privately discussed by the world's largest oil exporter and the globe's biggest consumer to take the…
Militants seize parts of a Yemeni city, say officials
SANAA: Islamic militants emboldened by months of turmoil in Yemen launched a surprise dawn attack Wednesday on a southern city, seizing entire neighborhoods after gunfights with government forces, security officials…
NATO leaders in talks amid fresh Libya strikes
TRIPOLI: NATO's chief will hold talks on Libya with British leaders on Wednesday after the alliance battered Moamer Kadhafi's forces even as its top brass raised concerns about the 11-week…
UN alarm at north Sudan bombardment
KHARTOUM: UN officials expressed alarm on Wednesday after Sudan stepped up air strikes in South Kordofan on the south Sudan border, as clerics, activists and politicians alleged a campaign of…
Copts call for forming committee to discuss unified houses of worship law
By Essam Fadl CAIRO: The Orthodox, Catholic and Evangelical Churches urged the ruling Supreme Council of Armed Forces (SCAF) to form a committee comprising Al-Azhar and the three churches to discuss…