CAIRO: An Egyptian court on Wednesday sentenced a 17-year-old Christian boy to three years in jail for publishing cartoons on his Facebook page that mocked Islam and the Prophet Mohamed, actions that sparked sectarian violence.
Gamal Abdou (...)
The Central Bank of Egypt (CBE) announced on Wednesday it would allow the value of the Egyptian pound (EGP) to decline gradually over the coming months should demand for the currency recede.
However, the bank said it was not targeting a specific (...)
Bank directors have been ordered to monitor assets frozen in the wake of the popular uprising in Egypt. The order came from the head of the Central Bank of Egypt, Farouk al-Oqda, according to a senior source in the banking sector.
Egyptian (...)
HARADHEERE, Somalia: In Somalia s main pirate lair of Haradheere, the sea gangs have set up a cooperative to fund their hijackings offshore, a sort of stock exchange meets criminal syndicate.
Heavily armed pirates from the lawless Horn of Africa (...)