EGX ends in green, gains 6.8B
CAIRO: The Egyptian Exchange (EGX) rallied at the close of Monday’s session, boosted by foreign and Arab institutions’ purchases, amid local sell-offs. The benchmark index EGX30 added 2.79 percent to...
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1 killed and 8 injured after two blazes in Egypt
CAIRO: A worker was killed and eight others were injured after fire broke out in a chemical factory in Damietta Monday, while another factory for plastic products caught on fire in Shubra al-Kheima...
View ArticleVideo: Explosion, Clashes near Ukraine Parliament
Explosion, Clashes near Ukraine Parliament
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Car bomb damages Italy’s ENI joint venture office in Libyan capital
TRIPOLI, Aug 31 (Reuters) – A car bomb went off in Libya’s capital Tripoli on Monday in front of the headquarters of Mellitah, an oil and gas joint venture between Italy’s ENI and Libyan state oil...
View ArticleEgypt’s Zohr gas re-writes Israel’s happy ending
JERUSALEM/CAIRO: Egypt’s historic gas discovery threatens to sink Israel’s fledgling gas export bonanza, which was counting on deals with Cairo to get it off the ground. Italian oil company Eni stunned...
View ArticleVideo: Blaze at plastics factory In Shubra al-Kheima
CAIRO: Factory for plastic products caught on fire in Shubra al-Kheima district of Egypt’s Delta governorate Qalyobia. Abudllah Metwali was killed due to severe burns in his body while the other eight...
View Article18 ministries meet to address illegal immigration
CAIRO: Each ministry must have a strategy to counter illegal immigration and set its specific commitments, Minister of Manpower Nahed Ashry said in a Monday meeting with representatives from 18...
View ArticleSisi heads to Beijing after three-day visit to Singapore
CAIRO: President Abdel Fatah al-Sisi is scheduled to arrive Tuesday in Beijing for a three-day visit to meet a range of high-level officials. Sisi will meet with Huawei Technologies representatives...
View ArticleParliamentary election race kicks off
CAIRO: Egypt’s long-awaited parliamentary election process kicked off Tuesday as the High Elections Commission (HEC) opened the window for possible candidates to run for seats of the House of the...
View ArticleSquash-David’s nine-year ranking reign ended by Egyptian
Sept 1 : Malaysia’s Nicol David had her nine-year run as women’s squash world number one, one of the longest reigns in world sport, finally halted on Tuesday by Egyptian Raneem El Welily. The...
View ArticleLebanese protesters storm ministry over garbage crisis
BEIRUT: Around 30 Lebanese protesters have broken into the Environment Ministry in downtown Beirut and demanded the resignation of the minister over the country’s trash crisis. The group from the...
View ArticleEgypt’s El Sewedy Electric posts Q2 net profit of $68.63 mln
CAIRO: Egypt’s El Sewedy Electric lifted second-quarter net profit to 537.38 million Egyptian pounds ($68.63 million) from 103.62 million pounds a year earlier, it said in a bourse statement on...
View ArticleIMF, World Bank to hold 2018 Annual Meetings in Indonesia
PRESS RELEASE: The 2018 Annual Meetings of the International Monetary Fund (IMF) and the World Bank Group will take place in Bali Nusa Dua, Indonesia, in October 2018, following a vote by the Boards of...
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Drugged driving: Egyptian drivers still under the influence?
CAIRO: Some 24 drivers in Giza governorate tested positive in random drug tests administered in August, the head of media center at Giza Traffic Department Ayman Abdel Kader told The Cairo Post Monday....
View ArticleFitch revises outlook on 4 Saudi Arabian Banks to Negative
Fitch Ratings: Fitch Ratings has revised the Outlooks on Al Rajhi Bank (ARB), National Commercial Bank (NCB), Riyad Bank (RB) and SAMBA Financial Group (SAMBA) to Negative from Stable. The rating...
View ArticleAncient water tanks discovered beneath Al-Azhar Mosque
CAIRO: Ancient water storage tanks were discovered Monday under Al-Azhar Mosque during renovation work funded by Saudi Arabia, Youm7 reported. The restoration is funded and carried out by Saudi Arabia...
View Article20-year science and technology agreement between United States and Egypt renewed
PRESS RELEASE: Reaffirming the importance of close bilateral cooperation in joint science and technology research, U.S. Ambassador Stephen Beecroft and Assistant Foreign Minister Farid Mounib signed...
View ArticleEGX plunges 11.5% in August, equities lose $6.7B
CAIRO: The Egyptian Exchange (EGX) plummeted in August trading sessions, and its market capitalization shed around 52.8 billion EGP ($6.7 billion,) according to its monthly report. The benchmark index...
View ArticleMultiple suicide attacks kill 12 Iraqi troops, militiamen
BAGHDAD: Iraqi officials say a series of suicide attacks by the Islamic State group outside a town in Anbar province west of Baghdad killed 12 soldiers and allied Sunni militiamen. The military and...
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