4 ‘terrorists’ killed in fire exchange with security forces: MoI
CAIRO: Four people were fatally shot in a gunfire exchange with the security forces in Alexandria, the Interior Ministry announced in a statement Wednesday, which alleged those killed were affiliated...
View ArticleFitch: GCC sovereigns unlikely to close aggregate budget gap
LONDON: Press release: Fiscal policy responses by Gulf Cooperation Council (GCC) sovereigns to lower oil prices are likely to be small compared to the loss of revenues over 2015 and 2016, Fitch...
View ArticleKremlin says its air strikes in Syria target ‘a list’ of groups, Putin yet to...
MOSCOW: The Kremlin said on Thursday that Russian air strikes in Syria were targeting a list of well-known terrorist organisations and that it was too early to say whether President Vladimir Putin was...
View Article2 pupils killed crossing train tracks in Mahalla
CAIRO: Two school students were killed and one was injured Thursday morning while crossing train tracks in Mahalla in the Delta, Youm7 reported. The students were heading to school when they crossed...
View Article34 migrants deported from Cairo Airport
CAIRO: Some 34 migrants were deported Thursday from the Cairo Airport after attempting to illegally enter Libya. An airport source told Youm7 that 19 Sudanese and 15 Ethiopians were arrested at the...
View ArticleCSF Officer wins golden medal at World Police Swimming Championship
CAIRO: Central Security Forces Captain Mohamed Tarek won the golden medal of the World Police Swimming Championship, held in Colombia, Youm7 reported Thursday. The championship is held as part of the...
View ArticleEgypt’s EFG Hermes to reduce capital to 3.07B EGP
CAIRO: Egypt’s EFG Hermes, one of the Middle East’s largest investment banks, will reduce its capital by 184.782 million Egyptian pounds ($23.61 million) through terminating treasury stocks, it said on...
View ArticleMIDEAST STOCKS-Saudi, Egypt consolidate in thin trade
DUBAI: Oct 1 The Saudi Arabian and Egyptian stock markets consolidated in thin, early trade on Thursday as investors mostly ignored firmer oil prices and global equities. The Saudi index was virtually...
View ArticleVW seeks to boost finances to meet emission scandal costs
BERLIN: Volkswagen (VOWG_p.DE) is looking at ways to cut costs and boost cash flow and could sell more shares if the price of clearing up a scandal over its rigging of diesel emissions tests puts its...
View ArticleMoody’s: Turkish banks’ high reliance on foreign-currency funding likely to...
London: Turkish banks may slow their lending growth in 2015-16, as foreign currency funding will likely become more expensive, says Moody’s Investors Service in a report published today. Moody’s...
View ArticleDubai top Muslim shopping travel destination: Mastercard/Crescent Rating poll
CAIRO: Dubai is the most popular travel destination for Muslim holidaymakers, according to a survey by Mastercard and Cresent Rating released Wednesday evening. The Muslim Travel Shopping Index 2015...
View ArticleUNHCR plans for 1.4 million Mediterranean refugees in 2015-6
GENEVA: U.N. refugee agency UNHCR expects 1.4 million refugees to flee toEurope via the Mediterranean this year and next, it said in a revised appeal seen by Reuters on Thursday, a sharp rise from...
View ArticleSultan Qaitbay Fair in City of the Dead Oct 1 from 6-9pm
CAIRO: A fair of contemporary artists and local craftspeople will be held Thursday Oct. 1 from 6-9 p.m. in Cairo’s “City of the Dead.” The fair, organized by the Egypt-Europe Cultural Cooperation...
View ArticleEgyptian pound steady at dollar sale, weaker on parallel market
CAIRO: The Egyptian pound was held steady by the central bank which sold $37.8 million at a cut-off price of 7.7301 pounds per dollar on Thursday, but weakened on the parallel market. The official...
View ArticleEgypt’s government to raise 281.5B EGP from domestic market in Q2
CAIRO: Egypt’s government intends to borrow 281.5 billion EGP ($36 billion) in treasury bills and bonds during the second quarter of fiscal year 2015/2016, Finance Ministry data showed. The figure...
View ArticleU.S. led 21 air strikes in Iraq, one in Syria against Islamic State -statement
WASHINGTON: The United States and its allies on Wednesday targeted Islamic State with one air strike in Syria and another 21 in Iraq, the Combined Joint Task Force leading the operation said. In a...
View ArticleSaudi to take DNA samples from relatives of Egyptians missing since stampede
CAIRO: Saudi Arabia has agreed to receive DNA samples from Egyptians whose relatives have been missing since Mecca’s stampede to compare them with the bodies of unidentified victims. Egyptian Minister...
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Egyptians caught between ‘dinosaur’ state and ”monster’ MB: Gameela Ismail
CAIRO: Many Egyptians feel as though they are floating in an ocean towards insecurity, stuck between a “dinosaur” of a state and the “monster” of the Muslim Brotherhood, politician and media presenter...
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