CAIRO: The average yield on Egyptian 364-day treasury bills rose to 10.542 percent at an auction on Thursday, compared with 10.293 percent at the last auction on April 8. The central bank said it asked for bids for bills worth LE 3 billion ($539 million), but accepted bids worth LE 1.5 billion. It accepted bids …

Egyptian dairy and juice maker Juhayna Food Industries said on Wednesday it was still deciding whether to go ahead with its initial public offering (IPO) after a fire in one of its factories caused major losses. The fire that broke out last Thursday at Juhayna’s "Egyfood" factory on the outskirts of Cairo damaged buildings and …

CAIRO: The People’s Assembly’s legislative committee denounced statements by MP Nashaat El-Qassas calling on security bodies to shoot demonstrators. The legislative committee issued a statement on Wednesday describing El-Qassas’ statement as “a violation of the constitution” and “a total disregard for freedom and human rights.” The People’s Assembly is scheduled to vote on El-Qassas’ punishment …

LONDON: Amnesty International accused five European countries Tuesday of breaching UN rules by forcibly repatriating Iraqis to dangerous parts of the war-scarred country. The rights group also warned that the continuing political uncertainty after elections last month risks fueling further violence in the country, seven years after a US-led invasion to oust dictator Saddam Hussein. …

GAZA CITY: The armed wing of the Islamist Hamas movement on Sunday broadcast a grim cartoon warning Israel over the fate of the captured soldier for whom it has demanded hundreds of Palestinian prisoners. The three-minute three-dimensional cartoon depicts the father of captured soldier Gilad Shalit visibly aging as he walks through empty city streets …