Egypt raises 6.5B EGP in T-bonds Monday
CAIRO: The Central Bank of Egypt (CBE) on behalf of the Ministry of Finance auctioned 6.5 billion EGP ($830.17 million) in treasury bonds Monday, according to the bank’s official website. Egypt’s...
View ArticleAhmed Ezz’s complaint to lift assets freeze order rejected
CAIRO: North Cairo Criminal Court has rejected Monday a complaint submitted by Egyptian Steel Tycoon Ahmed Ezz to lift a freeze order on his assets, Youm7 reported. The ban on assets of Ezz and his...
View ArticleEgypt’s GB Auto Q2 net profit rises 26 pct: statement
CAIRO: Aug 10 Egyptian auto distributor GB Auto said in a statement on Monday that its second quarter net profit rose 26 percent to 50.3 million Egyptian pounds ($6.42 million) from 39.9 million...
View Article3 seized Egyptian fishing boats return home from Sudan
CAIRO: Twenty Egyptian fishermen on board of three boats returned back to Egypt Monday, after they were released by Sudanese authorities, Youm7 reported. The boats, held in Sudan since April, arrived...
View ArticleBrotherhood funds committee seizes 16 hospitals
CAIRO: The committee, tasked with managing the assets of Muslim Brotherhood (MB) has embarked on seizing 16 hospitals belong to the banned group, Youm7 reported Monday. “The 16 hospitals are located in...
View ArticleFitch Assigns Iraq’s First Rating at ‘B-‘/Stable
PRESS RELEASE: Fitch Ratings-London-07 August 2015: Fitch Ratings has assigned Iraq a Long-term foreign currency Issuer Default Rating (IDR) of ‘B-‘ with a Stable Outlook. The agency has also assigned...
View ArticleEGX shuts on positive note, benchmark up 0.22%
CAIRO: The Egyptian Exchange (EGX) rebounded at the close of Monday’s session, boosted by Arab and local purchases. The benchmark index EGX30 added 0.22 percent to end at 8,029 points, up from 8,011...
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Sisi, British Gas CEO discuss ways to increase investments in Egypt
CAIRO: President Abdel Fatah al-Sisi met with British Gas Group Chief Executive Officer Helge Lund Monday to discuss the group’s plan to increase investments in Egypt, Youm7 reported. During the...
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Day of violence in Istanbul leaves at least 3 dead
ISTANBUL: Two women opened fire at the heavily protected U.S. Consulate in Istanbul Monday, while assailants exploded a car bomb at a police station then fired on police inspecting the scene, in a day...
View ArticleCustom, tax workers protest new Civil Service Law
CAIRO: Dozens of tax and custom authorities’ employees have gathered outside the Journalists Syndicate Monday in protest of the new Civil Service Law, Al-Ahram reported. The employees claimed that the...
View ArticleTrial wraps up for Washington Post reporter held in Iran
TEHRAN: A Washington Post reporter detained in Iran more than a year ago and charged with espionage appeared in court for a final hearing on Monday, with a verdict expected in the coming days in a...
View ArticleAttacker stabs 2 people to death at Ikea store in Sweden
HELSINKI: An attacker stabbed two people to death and wounded another at an Ikea store in the central Swedish city of Vasteras on Monday afternoon, police and store officials said. Police in the city,...
View ArticleBeing a single woman of 30 years in Egypt
The whole world makes you believe something metaphysical is going to happen right when the clock hits midnight announcing the end of your twenties and the beginning of a new era of adulthood,...
View ArticleTurkey arrests 15 Egyptian fishermen over breaching territorial waters
CAIRO: Fifteen Egyptian fishermen were arrested Monday off the coast of the Turkish city of Mersin for illegally fishing in Turkish waters, according to Anadolu new agency. The fishermen, boarding two...
View Article72 pro-Brotherhood sentenced to 3 years over violence related crimes
CAIRO: The Zagazig Criminal Court on Monday sentenced 72 defendants; reportedly belong to the Muslim Brotherhood (MB) group, to three years hard labor over violence-related charges, Youm7 reported. The...
View ArticleEgypt’s cotton U-turn highlights wider policymaking problems
SHUBRA KHEIT: Standing waist deep in a cotton field, Egyptian farmer Mohamed Khalil cannot mask his anger; after the agriculture ministry banned cotton imports to help local producers, the cabinet...
View ArticleEgypt’s core annual inflation retreats to 6.5% in July: CBE
CAIRO: Egypt’s core annual inflation rate shrank to 6.49 percent in July, down from 8.07 percent in June, the Central Bank of Egypt announced late Monday. Earlier on Monday, the Central Agency for...
View ArticleEgypt, Russia sign contract to build Dabaa nuclear plant late August: official
CAIRO: Egypt and Russia are set to sign a contract later this month to construct Egypt’s first nuclear power plant (NPP,) officials from the Egyptian Ministry of Electricity said Tuesday. The contract...
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