Muslim rebels in Philippines to start turning over weapons
MANILA: Muslim guerrillas in the Philippines will begin turning over their weapons as part of a peace deal even as lawmakers are still debating a law creating a new autonomous Muslim region in the...
View ArticleEGX extends downtrend, equities shed 1.5B EGP
CAIRO: The Egyptian Exchange (EGX) resumed its bearish performance at the close of Thursday’s session, amid sideways trading and thin liquidity, on the first day of implementing transactions using...
View ArticleSainsbury’s boss acquitted in Egypt legal case
LONDON: Mike Coupe, chief executive of British supermarket Sainsbury’s, was on Thursday acquitted by an Egyptian court of all charges relating to an historic business dispute. The case was brought...
View ArticleAlleged gay man bullied in public, stirring online condemnation
By Omar Halawa and Hanan Fayed CAIRO: A Tuesday video of an allegedly gay man has gone viral on social media, where he is seen apprehended and slapped by a group of men on Giza’s famous street Gameat...
View ArticleFitch Rates Egypt’s USD1.5bn 2025 Bond ‘B’
Fitch Ratings-London-11 June 2015: Fitch Ratings has assigned Egypt’s USD1.5bn global bond maturing 11 June 2025 a ‘B’ rating. The bonds have a coupon rate of 5.875%. The proceeds will be used for the...
View ArticlePresidency denies news its cars being attacked
CAIRO: The presidency denied Thursday news circulated on some media outlets that some of its vehicles had been attacked by assailants during their way back to Cairo from Sharm el-Sheikh. “This news is...
View ArticleBreaking: Officer gets 15 yrs in prison for killing activist Shaimaa al-Sabbagh
CAIRO: Lieutenant Yassin Salah el-Din, 24, was sentenced to 15 years in prison Thursday by Cairo Criminal Court for killing activist Shaimaa al-Sabbagh during the commemoration of the fourth...
View ArticleClik here to view.
U.S., allies target Islamic State with 29 air strikes -statement
WASHINGTON: The U.S.-led coalition targeting Islamic State forces have launched 29 air strikes against the group since early on Wednesday, the Combined Joint Task Force leading the operations said in a...
View ArticleClik here to view.
Foreign gov’ts after Luxor attack: we stand with Egypt against terrorism
CAIRO: The European Union, U.S. and U.K. condemned a Wednesday suicide bombing near Karnak temple of Luxor Wednesday, expressing their support to Egypt against “terrorism.” A suicide bomber blew...
View ArticleEgypt’s central bank keeps interest rates ‘unchanged’
CAIRO: The Central Bank of Egypt (CBE) decided in a Thursday meeting to hold the overnight deposit and lending rates “unchanged” at 8.75 percent and 9.75 percent respectively, the bank posted on its...
View ArticleClik here to view.
Facebook pages leaks Tahanweya Amma tests to protest educational system
CAIRO: Protesting Egypt’s educational system, a group of students of Thanaweya Amma (secondary education) created pages and groups on social media to help more than 800,000 students nationwide cheat...
View ArticleSadat metro station to re-open before Ramadan: Interior Min. official
CAIRO: An Interior Ministry official promised that Cairo’s central metro station, which was closed for almost two years over security reasons, will be reo-opened by mid-June, Youm7 reported Thursday....
View ArticleRain hampers search for dozens missing in Nepal landslide
KATHMANDU: Rescuers searched through piles of rocks and debris Friday after a landslide swept through six mountainous Nepalese villages, killing 24 people and leaving dozens more missing. Heavy...
View ArticleClik here to view.
Egypt’s Suez Canal Authority gains powers to set up joint-stock firms – govt
CAIRO: The Egyptian government approved legislative amendments on Thursday that would grant the Suez Canal Authority the right to establish joint-stock companies, the cabinet said in a statement. Egypt...
View ArticleOfficials: Pakistan shuts down offices of Save the Children
ISLAMABAD: Officials say Pakistan has shut the offices of the international aid group Save the Children in the capital, Islamabad, without giving any reason. Pakistani officials late Thursday placed a...
View ArticleEgypt’s Prime Minister visits Luxor after Karnak temple foiled attack
CAIRO: Prime Minister Ibrahim Mahlab travelled to Luxor Thursday to inspect the security situation in the wake of the suicide bombing rocked the parking area at Karnak Temple, Youm7 reported. He also...
View ArticleDonkey meat is safe to eat, says expert
CAIRO: “Donkeys’ meat tastes like any other meat and if the slaughtering process was carried out according to hygiene procedures, it would not cause any harm,” head of Food Safety Authority of Egypt...
View ArticleNigerian extremists attack villages, kill 37 and raze huts
BAUCHI, Nigeria: Boko Haram extremists have burned down six northeast Nigerian villages and killed 37 people near the insurgents’ Sambisa Forest stronghold, a survivor said Friday. Ahmed Ajimi, a...
View Article