CAIRO - Egyptian indexes were in the red on Monday as foreign investors were driven by profit-taking, traders said. The country's benchmark index EGX 30 slipped by 0.84 per cent to 5,580.96 points. Locals made net purchses worth LE48.9 million ($8.2 million), according to Bourse data. Arab and non-Arab investors made net sell-offs worth LE14.4 million and LE34.5 million respectively. The broader index EGX 70, which measures 70 of the country's mid caps,
CAIRO: The Muslim Brotherhood (MB) group has sacked senior member Abdel-Moniem Aboul-Fotouh for violating
CAIRO - The trial of former president Hosni Mubarak, due in August, could be moved from Cairo to the Red Sea resort of Sharm el-Sheikh for ‘security or health reasons’, the head of the Cairo Appeals Court, el-Sayyed Abdel-Aziz Omar, told a private TV channel.
CAIRO: Egypt on Sunday appointed Mohammed Al-Orabi as the new foreign minister to replace Nabil El-Araby who will head the Arab League, the official MENA news agency reported. "Prime Minister Essam Sharaf has tasked Ambassador Mohammed Al-Orabi, the deputy foreign minister for economic affairs, to take up the position of minister of foreign affairs," MENA said.
CAIRO – Egypt's premier has said that delaying a parliamentary election scheduled for September would give political parties more time to prepare, state media said Sunday, amid fears an early poll would benefit Islamists.
MADRID: Spain has frozen €33 million ($47 million) in accounts held by a detained Egyptian associate of ousted president Hosni Mubarak and relatives of the detainee, who is also wanted back home, officials said Friday. Bail was set at €27 million.
CAIRO: Political powers welcomed the rights charter introduced by presidential hopeful Mohamed ElBaradei, but expressed some reservations and called for debating the articles before supporting their inclusion in the yet-to-be drafted constitution.
CAIRO: Presidential hopeful Mohamed ElBaradei said he will appear on State TV’s Channel
CAIRO: A number of liberal parties said that they are considering forming a coalition and competing in the upcoming legislative elections with a unified roster and will push toward drafting a constitution ahead of the elections.
CAIRO: The Hisham Mubarak Law Center launched an initiative titled “Let’s Write Our Constitution” to include the Egyptian people in the process of drafting the constitution. The portrayal of the writing of the constitution as a very complicated matter that can only be done by experts “contradicts the necessity of the people’s approval on the constitution,” according to the statement distributed by the center during a workshop on Monday.
CAIRO-- Three new political parties on Tuesday approached the Parties' Affairs Committee for an official endorsement after meeting all requirements set by a newly endorsed law, an official close to the judicial committee said.
CAIRO: For many who roam Cairo's famously nocturnal streets, the curfew was always irrelevant. And as of Wednesday it is officially ending, five months after it was imposed by then-president Hosni Mubarak in a vain attempt to stem the protests against his rule.
CAIRO: The Administrative Court began on Tuesday hearing the trials of two lawsuits filed by workers and labor activists, one demanding the disbandment of the official Egyptian Trade Unions Federation (ETUF) and the other cancelling Law 34/2011 criminalizing some protests and strikes.
CAIRO: On Monday, the State Security Prosecution began questioning an Israeli national named Ilan Grapel
CAIRO - Railway services on the Upper Egypt line was suspended early in the day as two trains collided with a solid body in Qoussiya and Senobo area, in Assuit Governorate, the official Middle East News Agency (MENA) reported on Monday.
CAIRO: The Muslims Brotherhood (MB) and Al-Wafd Party called on Egypt’s political parties to present a unified list in the upcoming parliamentary elections to create the opportunity for equal representation in parliament.
CAIRO - Egypt's state security prosecution on Monday began questioning an Israeli man suspected of spying for the Mossad intelligence agency, state TV reported. Ilan Grapel was detained on Sunday from a Cairo hotel and ordered detained for 15 days pending investigation.
CAIRO: Foreign Minister Nabil El-Araby on Sunday announced Egypt's support for French Finance Minister Christine Lagarde's bid to head the International Monetary Fund. "The Egyptian government supports the candidacy of French Finance Minister Christine Lagarde for the post of managing director of the IMF," El-Araby told reporters after talks with Lagarde in Cairo.
CAIRO - Egyptian stocks rose on Sunday on local and non-Arab buying, traders said. Locals and non-Arabs made net purchses worth LE10.2 million ($1.7 million) and LE17.6 million respectively. Arabs made net sell-offs worth LE27.8 million, according to Bourse data.
CAIRO - Most Egyptians want a new constitution before the parliamentary and presidential elections due later this year, a recent poll by four rights organisations has revealed. A total of 83.6 per cent of those polled said that they want a new constitution drawn up first, while 14.1 per cent rejected the idea.
CAIRO: The separation between religion and politics was one of the chief concerns political activists and analysts expressed about the recently accredited Freedom and Justice Party (FJP), which is yet to put together a comprehensible program and set of goals easily accessible to the public and distinguish it from the Muslim Brotherhood group.
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The Light of the Desert-Documentary on St Macarius Monastery, Egypt