Egypt’s central bank says 50% of foreign investor’s dollar dues covered
CAIRO: The Central Bank of Egypt (CBE) announced Tuesday it has covered 50 Percent of foreign investors’ pending backlog, through direct sales to investors’ custodians, amid efforts to ensure the...
View ArticleEgyptian lender CIB to buy Citi’s Egypt retail business
REUTERS: Commercial International Bank (COMI.CA) (CIB) has agreed to buy Citigroup’s (C.N) consumer banking business in Egypt, the North African country’s largest listed lender said on Tuesday. The...
View ArticleEducation Ministry revokes 4 int’l schools licenses over ‘irregularities’
CAIRO: The licenses of four international schools have been revoked over financial and “administrative irregularities,” sources at Egypt’s Education Ministry told Youm7 Tuesday. The licenses were...
View ArticleSaudi Sovereign Borrowing Could Spur Corporate Sukuk: Fitch
Fitch Ratings: A return to debt issuance by the Saudi Arabian government could encourage growth in the country’s corporate sukuk market, Fitch Ratings says. Upcoming regulatory reform could also make...
View ArticleTurkish government formally resigns
ANKARA: Turkish President Recep Tayyip Erdogan’s office says he has accepted the resignation of Prime Minister Ahmet Davutoglu’s government to allow for the formation of a new government after his...
View ArticleSecurity alert in North Sinai in anticipation of ‘infiltrators’ from Gaza
CAIRO: Security forces have been on alert on the Egypt-Gaza borders after security services received information over “terrorist elements” infiltrating from Gaza to North Sinai; Sinai-based militants...
View ArticleSaving Iraq from Islamic State could take 3 to 5 years: US
WASHINGTON: A high-ranking Obama administration official says it could take at least three to five years for Iraq to overcome the Islamic State group’s onslaught. Even then, retired Navy Rear Adm. John...
View ArticleEgypt’s Council of Churches organizes conference to ‘counter atheism’
CAIRO: The Council of Churches will organize a Cairo conference to “counter atheism in Egypt” June 16, Youm7 reported Tuesday. Under the slogan of “Church Facing Atheism,” the council has invited all...
View Article5.4K Yemenis left Egypt to Yemen in past days
CAIRO: A total of 290 Yemeni left Egypt to Yemen Tuesday morning on two flights, head of the Yemeni airlines at Cairo Airport Sadeq Abdel Aziz told Youm7. More than 5,490 Yemenis have returned to their...
View ArticleRebels seize sprawling army base in southern Syria
BEIRUT: Syrian rebels seized a sprawling military base in a lightning assault Tuesday, marking the latest in a series of defeats for President Bashar Assad’s increasingly embattled forces, rebels and...
View ArticleIsraeli premier says Arab countries agree with him on Iran
JERUSALEM: Israel’s prime minister says Arab leaders agree with him that a nuclear deal with Iran won’t stop Tehran from getting an atomic weapon. Benjamin Netanyahu told a prestigious Israeli...
View ArticleAfghan teachers’ strike shuts down at least 27 schools
KABUL: A teachers strike demanding higher pay has shut down at least 27 schools in Afghanistan’s capital. Fazel Ahmad Fazel, the newly appointed head of a national teachers’ council, said Tuesday that...
View ArticlePalestinian poll shows discontent with Hamas, Gaza war
JERUSALEM: Gaza residents are unhappy with the territory’s Islamic militant Hamas rulers and by its war with Israel last summer, a new Palestinian poll released Tuesday shows. The poll by the...
View ArticleSaudi Arabia summons Iran envoy over deaths of 4 pilgrims
RIYADH: Saudi Arabia’s Foreign Ministry has summoned Iran’s envoy to the kingdom to express deep concern over the deaths by poisoning of four Saudi children in the northeastern Iranian city of Mashhad....
View ArticleTexas policeman resigns after video shows him toppling teen
AUSTIN, Texas: A Dallas-area policeman seen in a viral video tossing a bathing suit-clad teenage girl to the ground has resigned from the McKinney Police force, the city’s police chief said on Tuesday,...
View ArticleVIDEO: Massive fire breaks out at mattress factory north of Cairo
Massive fire breaks out at mattress factory north of Cairo
View ArticleIsraeli troops kill Palestinian in West Bank
JENIN, West Bank: Israeli paramilitary policemen killed a Palestinian during a raid in the occupied West Bank on Wednesday, witnesses and medics said. A spokesman for Israel’s paramilitary border...
View ArticleEgypt’s urban consumer inflation rises to 13.5% in May: CAPMAS
CAIRO: Egypt’s urban consumer inflation rose to 13.5 percent in May from 11 percent in April, the official statistics agency CAPMAS said on Wednesday. Inflation spiked in Egypt after the government...
View ArticleEgypt’s central bank to consider interest rates Thursday
CAIRO: The Central Bank of Egypt (CBE) is set to consider interest rates in a Thursday meeting, according to its website, amid expectations of keeping them on hold as inflation recorded a slight...
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