BENI SUEF: Two main Islamist groups are competing in Egypt's parliamentary election, but some of their grassroots supporters in the provinces say they have much in common and should push together for Islamic rule.
In rural Egypt a complex (...)
CAIRO: Haj Mohamed the cobbler is shocked, as is the man who sells newspapers around the corner, just down the street from the offices of the Egyptian prime minister.
"These protesters in Tahrir Square don't want good for Egypt. They are out to (...)
CAIRO: Egyptian President Anwar Sadat, gunned down by Islamists at a military parade in Cairo 30 years ago on Thursday, left a political legacy that survived largely unscathed in the long reign of his successor, Hosni Mubarak.
His peace treaty (...)
CAIRO: Egypt's politics have been transformed since Hosni Mubarak was toppled on Feb. 11 but the prospect of elections may put remnants of his ruling party and an established Islamist group in the driving seat for now.
Torn between the desire for (...)
FAHMEEN, Egypt: The thugs stayed home, the judges resumed their seats with confidence and the police officers waved observers through into the polling stations with a smile and a polite "Welcome."
Voters in a constitutional referendum in Egypt on (...)
CAIRO: Egypt's revolution and upheavals across the region herald a shift in the balance of power between Israel and its neighbors, as Arabs push out autocrats who often put US and European ties before their people's demands.
The Egyptian revolt (...)
CAIRO: Some organizers of protests that toppled Egypt's Hosni Mubarak said on Wednesday they had formed a "Council of Trustees" to negotiate on the country's transition to democracy with the ruling military council.
Egypt's Higher Military (...)
CAIRO: Key Egyptian stock indexes dropped between 2.3 and 2.7 percent on Wednesday, dragged down by what brokers called corrections in Orascom Telecom (OT) and Orascom Construction (OCI).
National Societe Generale Bank (NSGB) rose 4.35 percent to (...)
CAIRO: The Egyptian stock market rose on Monday as non-Arab foreigners started buying again, focusing on big cap companies with London listings, brokers said.
The foreigners were net buyers by a margin of LE 20 million ($3.6 million), in low (...)
CAIRO: Egypt s benchmark stock index rose 1.63 percent on Thursday as gains on Wall Street helped restore confidence among retail investors, brokers said.
But the launch of a new trading system led to many delays and outages, including a one-hour (...)
CAIRO: Egypt-based mobile operator Orascom Telecom (OT) said on Thursday it had agreed to sell its service company OrasInvest to Abu Dhabi Investment for $180 million.
Abu Dhabi Investment will pay $90 million in cash this month and the remaining (...)
CAIRO: Major Egyptian stocks slumped again on Thursday in a sell-off driven mainly by foreigners with holdings of shares with London listings, brokers said.
In the first minutes of trading the benchmark CASE 30 index fell below 4,000 points for (...)
CAIRO: Egypt s ruling party proposed on Monday that the government give Egyptians free shares in public sector companies in a move that would make privatization more popular and give poor households a windfall injection of cash.
The ruling (...)
CAIRO: Egyptian stocks surged across the board on Tuesday in line with Asian and European markets, pulling the benchmark CASE 30 index up 5.17 percent.
Brokers said that after several weeks of disengagement from the Egyptian market, local and (...)
CAIRO: Foreigners dumped major Egyptian stocks on Tuesday, dragging the benchmark CASE 30 index down 2.2 percent to 5,608.96 points.
Non-Egyptians were net sellers by a margin of LE 87 million ($16 million), about 12 percent of total volume. (...)
CAIRO: Egyptian real estate stocks made strong gains on Wednesday, recovering some of their heavy recent losses, but the benchmark CASE 30 stock index ended the day 2.7 percent down in line with international markets.
Medinet Nasr Housing gained (...)
CAIRO: Talaat Moustafa Group (TMG), whose share price was hit by the arrest of its former chairman in a murder case, said on Wednesday its assets were worth LE 34.5 billion ($6.37 billion).
It said the valuation, made on June 30, came from the (...)
CAIRO: Orascom Construction Industries (OCI), Egypt's largest builder by market value, said on Thursday second-quarter net income from continuing operations more than tripled to $239.5 million.
The figure was substantially higher than forecasts (...)
CAIRO: Foreign selling pulled Egyptian share prices to new lows again on Wednesday and the stock exchange said non-Arab foreigners were net sellers by a margin of LE 66 million ($12.3 million).
The benchmark Case 30 index lost 2.11 percent to a (...)
CAIRO: The Egyptian government has complained to European consulates at the treatment of Egyptians seeking visas and is advising Egyptians to stay away from offending countries, the foreign ministry said on Thursday.A statement said the ministry had (...)
Reuters
CAIRO: The son-in-law of former Egyptian President Gamal Abdel Nasser, named by Israeli officials as a source for the Israeli intelligence service Mossad, died in London on Wednesday and the Egyptian state news agency quoted reports he (...)
Reuters
CAIRO: Arab foreign ministers asked Egypt and Jordan on Wednesday to contact Israelis to try to persuade them to accept an Arab peace plan, Saudi Foreign Minister Prince Saud Al-Faisal said.
Egypt and Jordan already have relations with (...)
Reuters
CAIRO: Short of cash, out of parliament and shadowed by a rival party with the same name and logo, the liberal Ghad Party of imprisoned Egyptian opposition politician Ayman Nour is struggling through a rough patch.
Ihab El-Khouli, the (...)
CAIRO: Egyptian author Khaled Al Khamissi, in a best-selling collection of short stories about the Egyptian capital, has turned an old technique on its head. Instead of taking the pulse of the city by talking to taxi drivers, Al Khamissi has (...)
Reuters
CAIRO: Bestselling Egyptian novelist Alaa El-Aswany, after trying his hand at portraying a slice of US society after Sept. 11, said on Sunday that he believed in the values of humanity, not in conflict between civilizations. El-Aswany, in (...)