Egypt reduces size of T-bill sale: ministry
CAIRO: Egypt's Ministry of Finance said the central bank sold LE 3.325 billion ($558 million) in domestic treasury bills on Thursday, less than the LE 4.5 billion it had asked…
My cloud based life: Business at the sharp end of the cloud
It is incredible how connected our lives are today. Increasingly sophisticated wireless devices are becoming common every day tools, leading us to expect — and as business people be…
IPLMedia supports Zewail’s City of Science
CAIRO: In support of Nobel laureate Ahmed Zewail’s City of Science and Technology, IPLMedia decided to dedicate 5 percent of its revenue to the project starting July. The project, which…
Islamists reject Cabinet promises of supra-constitutional principles
CAIRO: A number of Islamist powers rejected statements by Prime Minister Essam Sharaf and his deputy Ali Al-Selmy about the issuance of supra-constitutional principles. The Islamists groups said this would…
CIB Q2 net profit falls less than expected
CAIRO: Commercial International Bank reported an 11 percent dip in second-quarter net profit on Wednesday after political and economic turmoil dented foreign exchange income, banking fees and the value of…
Egyptian expelled by Sweden free after decade in jail
STOCKHOLM/CAIRO: An Egyptian man deported to his homeland from Sweden in 2001 in cooperation with US authorities has been freed after a decade in a Cairo prison, the Swedish foreign…
Obama remembers 9/11 at iftar
WASHINGTON: US President Barack Obama on Wednesday remembered the dead of the "awful" September 11 attacks in 2001, including Muslim Americans, as he marked the holy month of Ramadan at…
Muslim states to discuss Somalia aid: OIC
JEDDAH: The Organization of Islamic Cooperation said Wednesday foreign ministers of member states will meet in Turkey next week to discuss aid to drought- and famine-hit Somalia. The meeting in…
US raises concern about ‘anti-Americanism’ in Egypt
WASHINGTON: The United States said Wednesday it has raised concerns with Egypt's interim military rulers about rising anti-Americanism in the country. The Wall Street Journal charged that Egypt's Supreme Council…
Cabinet releases amended Treachery Act, debate rages on
CAIRO: Egypt’s Cabinet released Wednesday the amended Treachery Act, stripping officials proven guilty of political corruption of their right to practice politics for five years. The act will be presented…