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Summer Was The Ancient Egyptian Sex Season
10 hours ago - Business Insider - May 18, 2013 6:15 PM
The peak period for baby-making sex in ancient Egypt was in July and August, when the weather was at its hottest. Researchers made this discovery at a cemetery in the Dakhleh Oasis in Egypt whose burials date back around 1,800 years. The oasis is loc
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Embassy Threats Grow in Mideast
1 day ago - WSJ - May 17, 2013 8:43 PM
The U.S. is seeing a spike in al Qaeda-related terror plots and threats against its embassies in Libya, Yemen and Egypt, say current and former U.S. officials citing domestic and foreign intelligence reports.
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New Egypt central bank ruling a blow for local money market funds
3 days ago - Reuters - May 16, 2013 12:18 PM
* Limits fund investments to only 2 pct of a bank's capital
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Egypt sells $38.5 mln at forex auction on Thursday
3 days ago - Reuters - May 16, 2013 6:13 AM
CAIRO, May 16 (Reuters) - Egypt's central bank sold $38.5 million to banks in a foreign exchange auction on Thursday at a cut-off price of 6.9660 Egyptian pounds to the dollar. The cut-off price at...
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UPDATE 1-Egypt CIB's 1st-qtr net rises 30 pct, interest margin widens
3 days ago - Reuters - May 15, 2013 5:59 PM
(Adds financial details, background on Egyptian bank industry)
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Egypt's CIB says Q1 net rises 30 pct to 658 mln EGP
3 days ago - Reuters - May 15, 2013 5:20 PM
CAIRO, May 15 (Reuters) - Egypt's CIB, that country's biggest listed bank, said on Wednesday its first-quarter consolidated net income rose 30 percent year-on-year to 658 million Egyptian pounds ($94.4 million).
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Egypt says disputes with Dubai's DAMAC are resolved
4 days ago - Reuters - May 15, 2013 2:56 PM
CAIRO, May 15 (Reuters) - Egypt said on Wednesday it hadsettled disputes with the Dubai-based developer DAMAC involvingprojects dating back to the Mubarak era - an agreement thegovernment hopes will reassure prospective investors.
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Egypt says disputes with Dubai's DAMAC are resolved
4 days ago - Reuters - May 15, 2013 2:56 PM
CAIRO, May 15 (Reuters) - Egypt said on Wednesday it had settled disputes with the Dubai-based developer DAMAC involving projects dating back to the Mubarak era - an agreement the government hopes...
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MIDEAST STOCKS-Egypt's OT rises on hopes of better buyout offer
4 days ago - Reuters - May 15, 2013 10:09 AM
DUBAI, May 15 (Reuters) - Egypt's Orascom Telecom (OT) helped lift Cairo's bourse on Wednesday after the company's management urged shareholders to reject a buyout offer, raising investor hopes the bidder might propose improved terms.
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Egypt c.bank sells $38.3 mln at forex auction
4 days ago - Reuters - May 15, 2013 6:05 AM
CAIRO, May 15 (Reuters) - Egypt's central bank sold $38.3 million to banks in a foreign exchange auction on Wednesday at a cut-off price of 6.9591 Egyptian pounds to the dollar. The cut-off price at...
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UPDATE 1-Egypt's Orascom Telecom falls to loss in first quarter
4 days ago - Reuters - May 15, 2013 3:33 AM
(Adds details from statement, comparative figures, background)
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Egypt's Orascom Telecom Q1 net loss $204 mln in 2013
4 days ago - Reuters - May 15, 2013 3:16 AM
CAIRO, May 15 (Reuters) - Egyptian mobile phone operator Orascom Telecom Holding said on Wednesday it made a net loss before minority interests of $204 million in the first quarter of 2013.
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UPDATE 1-Egypt's Orascom Telecom says it rejects Altimo's buyout offer
5 days ago - Reuters - May 14, 2013 12:12 PM
CAIRO, May 14 (Reuters) - Egyptian group Orascom Telecom Holding's management has recommended shareholders reject an offer by a subsidiary of Russian billionaire Mikhail Fridman's Altimo to buy the company for $0.70 a share.
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UPDATE 1-Egypt's Orascom Telecom says it rejects Altimo's buyout offer
5 days ago - Reuters - May 14, 2013 12:12 PM
CAIRO, May 14 (Reuters) - Egyptian group Orascom Telecom Holding's management has recommended shareholders reject an offer by a subsidiary of Russian billionaire Mikhail Fridman's Altimo to buy the...
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Egypt's Orascom Telecom says it rejects Altimo's buyout offer
5 days ago - Reuters - May 14, 2013 11:47 AM
CAIRO, May 14 (Reuters) - Egypt's Orascom Telecom Holding said its board of directors had recommended rejecting an offer by a subsidiary of Russian billionaire Mikhail Fridman's Altimo to buy out the mobile company for $0.70 a share.
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Egypt's Orascom Telecom says it rejects Altimo's buyout offer
5 days ago - Reuters - May 14, 2013 11:47 AM
CAIRO, May 14 (Reuters) - Egypt's Orascom Telecom Holding said its board of directors had recommended rejecting an offer by a subsidiary of Russian billionaire Mikhail Fridman's Altimo to buy out the mobile company for $0.70 a share.
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Egypt's Orascom Telecom says it rejects Altimo's buyout offer
5 days ago - Reuters - May 14, 2013 11:47 AM
CAIRO, May 14 (Reuters) - Egypt's Orascom Telecom Holding said its board of directors had recommended rejecting an offer by a subsidiary of Russian billionaire Mikhail Fridman's Altimo to buy out the...
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Telecom Egypt expects 3 to 4 pct revenue growth in 2013 -CEO
5 days ago - Reuters - May 14, 2013 6:36 AM
CAIRO, May 14 (Reuters) - Landline monopoly Telecom Egypt said it expects three to four percent growth in its revenues in 2013, the company's managing director and chief executive told Reuters in an email on Tuesday.
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Telecom Egypt expects 3 to 4 pct revenue growth in 2013 -CEO
5 days ago - Reuters - May 14, 2013 6:36 AM
CAIRO, May 14 (Reuters) - Landline monopoly Telecom Egypt said it expects three to four percent growth in its revenues in 2013, the company's managing director and chief executive told Reuters in an email on Tuesday.
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UPDATE 1-OCI parent cuts offer price in Egypt delisting plan
5 days ago - Reuters - May 14, 2013 6:03 AM
* OCI's Cairo-listed shares down 2 percent (Adds analyst comment, detail, background, shares)
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UPDATE 1-OCI parent cuts offer price in Egypt delisting plan
5 days ago - Reuters - May 14, 2013 6:03 AM
* OCI's Cairo-listed shares down 2 percent (Adds analyst comment, detail, background, shares)
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Egypt's EFG to raise capital through bonus shares
5 days ago - Reuters - May 14, 2013 4:33 AM
CAIRO, May 14 (Reuters) - EFG Hermes, Egypt's biggest investment bank, is seeking to raise its capital to 2.87 billion Egyptian pounds ($412.1 million) from 2.39 billion by issuing bonus shares, the bank said in a statement to the bourse on Tuesday.
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UPDATE 1-Telecom Egypt says Q1 revenue up 1.4 pct, beats forecasts
5 days ago - Reuters - May 14, 2013 3:35 AM
CAIRO, May 14 (Reuters) - Telecom Egypt (TE) reported first-quarter revenue of 2.72 billion Egyptian pounds ($390.1 million), up 1.4 percent from the same period last year and beating an average forecast of 2.59 billion based on five analysts' foreca
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Telecom Egypt says first-quarter revenue up 1.4 pct
5 days ago - Reuters - May 14, 2013 2:46 AM
CAIRO, May 14 (Reuters) - Telecom Egypt on Tuesday reported first-quarter revenue of 2.717 billion Egyptian pounds ($390.12 million), up 1.4 percent from same period last year.
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Islamic groups battle to shape Egypt
6 days ago - FT - May 13, 2013 11:34 AM
Fight between Muslim Brotherhood, Salafis and al-Azhar to control institutions and country’s religious identity has political consequences
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Gaddafi cousin goes on trial in Egypt for attempted murder
6 days ago - Reuters - May 13, 2013 7:59 AM
CAIRO, May 13 (Reuters) - A cousin of late Libyan leader Muammar Gaddafi went on trial in Egypt on Monday on charges of attempted murder in a case that has blocked his extradition to Libya.
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Egypt c.bank sells $38.5 mln at forex auction
6 days ago - Reuters - May 13, 2013 6:05 AM
CAIRO, May 13 (Reuters) - Egypt's central bank sold $38.5 million to banks in a foreign exchange auction on Monday at a cut-off price of 6.9545 Egyptian pounds to the dollar. The cut-off price at the...
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UPDATE 1-Egypt given $3 bln Qatari deposit at 3.5 pct - official
7 days ago - Reuters - May 12, 2013 5:48 AM
CAIRO, May 12 (Reuters) - Egypt received a $3 billion deposit from Qatar on Thursday, a central bank official said on Sunday, shoring up finances hit by economic turmoil since a popular uprising that...
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UPDATE 1-Egypt given $3 bln Qatari deposit at 3.5 pct - official
7 days ago - Reuters - May 12, 2013 5:48 AM
CAIRO, May 12 (Reuters) - Egypt received a $3 billion deposit from Qatar on Thursday, a central bank official said on Sunday, shoring up finances hit by economic turmoil since a popular uprising that...
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Egypt receives $3 bln Qatari deposit at 3.5 pct - official
7 days ago - Reuters - May 12, 2013 4:57 AM
CAIRO, May 12 (Reuters) - Egypt received a $3 billion deposit from Qatar on Thursday at 3.5 percent interest, a central bank official said on Sunday.
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Egypt receives $3 bln Qatari deposit at 3.5 pct - official
7 days ago - Reuters - May 12, 2013 4:57 AM
CAIRO, May 12 (Reuters) - Egypt received a $3 billion deposit from Qatar on Thursday at 3.5 percent interest, a central bank official said on Sunday.
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Egypt's Mubarak says too early to judge Mursi -newspaper
1 week ago - Reuters - May 11, 2013 6:49 PM
CAIRO, May 11 (Reuters) - Former Egyptian leader Hosni Mubarak said it was too early to judge President Mohamed Mursi, saying the Islamist politician faced a difficult job, in comments billed as his...
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UPDATE 3-Egypt's Mubarak back in court for retrial
1 week ago - Reuters - May 11, 2013 8:06 AM
* Prosecution says to draw on fact-finding committee report
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Egypt confident on IMF deal, timing of next visit unsure -min
1 week ago - Reuters - May 11, 2013 5:37 AM
ISTANBUL, May 11 (Reuters) - Egypt's new planning minister said on Saturday he was confident the country would reach a deal with the International Monetary Fund (IMF) on a $4.8 billion loan programme, although the timing of its next visit to Cairo wa
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Egypt 2012/13 budget deficit seen at around 11.5 pct - minister
1 week ago - Reuters - May 11, 2013 5:08 AM
ISTANBUL, May 11 (Reuters) - Egypt's budget deficit will be around 200 billion Egyptian pounds ($28.75 billion), equivalent to 11.5 percent of national output, in the 2012/13 year to the end of June, newly-appointed Investment Minister Yehya Hamed sa
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UPDATE 2-Egypt report casts doubt over Centamin gold mine appeal
1 week ago - Reuters - May 10, 2013 6:53 AM
* Company says commissioner's office report "not positive"
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UPDATE 2-S&P cuts Egypt's credit rating further, cites absence of fiscal plan
1 week ago - Reuters - May 9, 2013 12:53 PM
CAIRO, May 9 (Reuters) - Standard & Poor's cut Egypt's credit rating further into junk territory on Thursday, saying Cairo had yet to come up with a plan to control its finances, leaving the country...
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UPDATE 1-IMF says plans no new visit to Egypt for now
1 week ago - Reuters - May 9, 2013 10:50 AM
WASHINGTON, May 9 (Reuters) - The International Monetary Fund is not currently planning a new visit to Egypt to discuss the country's $4.8 billion loan program as it awaits new economic data and...
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IMF says plans no new visit to Egypt for now
1 week ago - Reuters - May 9, 2013 10:37 AM
WASHINGTON, May 9 (Reuters) - The International Monetary Fund is not currently planning a new visit to Egypt to discuss the country's $4.8 billion loan program as it awaits new economic data and...
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S&P downgrades Egypt further
1 week ago - FT - May 9, 2013 10:30 AM
Downgrade deals another blow to President Mohamed Morsi’s government and his Muslim Brotherhood-heavy cabinet, and a rebuke to recent economic efforts
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Egypt to auction $1.25 bln dollar-denominated T-bill on Monday
1 week ago - Reuters - May 9, 2013 10:29 AM
CAIRO, May 9 (Reuters) - Egypt's central bank said on Thursday it would offer $1.25 billion in one-year dollar-denominated treasury bills at auction on May 13.
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REFILE-UPDATE 1-S&P cuts Egypt's credit rating further, cites absence of fiscal plan
1 week ago - Reuters - May 9, 2013 8:23 AM
CAIRO, May 9 (Reuters) - Standard & Poor's cut Egypt's credit rating further into junk territory on Thursday, saying Cairo had yet to come up with a plan to control its finances, leaving the country vulnerable to a balance of payments crisis.
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REFILE-UPDATE 1-S&P cuts Egypt's credit rating further, cites absence of fiscal plan
1 week ago - Reuters - May 9, 2013 8:23 AM
CAIRO, May 9 (Reuters) - Standard & Poor's cut Egypt's credit rating further into junk territory on Thursday, saying Cairo had yet to come up with a plan to control its finances, leaving the country...
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REFILE-UPDATE 1-S&P cuts Egypt's credit rating further, cites absence of fiscal plan
1 week ago - Reuters - May 9, 2013 8:23 AM
CAIRO, May 9 (Reuters) - Standard & Poor's cut Egypt's credit rating further into junk territory on Thursday, saying Cairo had yet to come up with a plan to control its finances, leaving the country...
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S&P cuts Egypt's sovereign rating to 'C'
1 week ago - Reuters - May 9, 2013 7:05 AM
CAIRO, May 9 (Reuters) - Standard & Poor's said on Thursday it lowered Egypt's sovereign credit rating to 'C' from 'B' with a stable outlook.
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TEXT-S&P LOWERS EGYPT SOVEREIGN CREDIT RATING TO C FROM B
1 week ago - Reuters - May 9, 2013 6:35 AM
(The following statement was released by the rating agency)
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Egypt c.bank sells $38.6 mln at Thursday's forex auction
1 week ago - Reuters - May 9, 2013 6:08 AM
CAIRO, May 9 (Reuters) - Egypt's central bank sold $38.6 million to banks in a foreign exchange auction on Thursday at a cut-off price of 6.9463 Egyptian pounds to the dollar.
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Egypt's president signs Islamic bond bill into law
1 week ago - Reuters - May 8, 2013 5:00 PM
CAIRO, May 8 (Reuters) - Egypt's President Mohamed Mursi has approved a law allowing the state to issue Islamic bonds, the official gazette said on Wednesday, ending a troubled passage for a bill the...
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Egypt’s foreign reserves raise fears
2 weeks ago - FT - May 8, 2013 12:38 PM
Without a cash injection from abroad, Egypt’s foreign currency reserves would have fallen to $12.42bn in April, suggesting deteriorating fiscal health
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UPDATE 1-Egypt says Libyan and Iraqi oil to arrive next month
2 weeks ago - Reuters - May 7, 2013 8:27 AM
CAIRO, May 7 (Reuters) - Egypt said it expected crude oilimports to start arriving next month after Libya and Iraq agreedto make shipments to help Cairo weather an economic crisis.
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