The median overnight interbank rate on the Egyptian pound fell to 12-1/2 percent on Sunday from 13 percent on Thursday in quiet trade in the middle of a central bank period for calculating banks' reserves, traders said.
The Egyptian Company for Mobile Services, also known as MobiNil, pushed up Egyptian stocks on Sunday on expectations the company would post strong upcoming third-quarter results, brokers said.
Taiwan's stocks could rebound this week as investors look to third-quarter earnings from major technology firms to reverse a fall through the 6,000 point mark by the main TAIEX index.
Tokyo stocks are expected to stick to a narrow range this week as investors focus on a flood of US earnings, soaring oil prices and the race for the White House.
Asian currencies were buffeted over the past week by rising oil prices and data showing that the US trade deficit had ballooned to its second biggest level on record.
Middle Eastern holding firm Kuwait Projects Company (KIPCO) said on Sunday net nine-month profits jumped 50 percent to 18.2 million dinars ($61.8 million) from a year ago on a big rise in revenues.
Middle Eastern holding firm Kuwait Projects Company (KIPCO) said on Sunday net nine-month profits jumped 50 percent to 18.2 million dinars ($61.8 million) from a year ago on a big rise in revenues.
Indian shares are expected to rise this week as traders bet on strong earnings from old economy companies such as cement and steel makers, while bonds are seen listless ahead of the central bank's mid-year policy review.
European stock markets could be heading for a patch of rough water with the introduction of new accounting standards, analysts are warning, saying that stock prices could be bounced around and initial public offerings held back.
South African investors will focus this week on retailers Pick 'n Pay and NuClicks, which are due to post half-year and full-year results, while watching out for the impact of volatile commodities.
Hong Kong's leading shares are expected to cling to the key 13,000-point level this week, with jitters over high oil prices and lacklustre overseas markets likely to hold back big gains.
Pre-tax profits at South Korean brokerages halved in the six months from April to September, from a year earlier, due to falling commission fees, provisional government data showed on Sunday.
US stock investors face a mind-numbing pile of information this week as corporate earnings and economic data pour in, Alan Greenspan speaks and the presidential election heads toward the homestretch.
Japan's Sumitomo Trust & Banking is likely to apply for a court injunction to halt talks between UFJ Holdings Inc and Mitsubishi Tokyo Financial Group (MTFG) on merging their trust banking units, Japanese media reported on Sunday.
Japan's Sumitomo Trust & Banking is likely to apply for a court injunction to halt talks between UFJ Holdings Inc and Mitsubishi Tokyo Financial Group (MTFG) on merging their trust banking units, Japanese media reported on Sunday.
Germany's six leading economic institutes will raise their 2004 growth forecast to 1.8 percent in their autumn report published on Tuesday from 1.5 percent they predicted in the spring, institute sources told Reuters on Sunday.
General Motors (GM) production in Europe could be affected by further stoppages at a German plant this week in protest against plans to axe up to 12,000 jobs, works council officials said on Sunday.
Japan's trade minister was quoted as saying on Sunday he had information that China had granted companies the rights to conduct natural gas exploration in Tokyo's exclusive economic zone in the East China Sea.
The future looks grim for the lawless and impoverished Gaza Strip unless its internal security disputes are quickly resolved and its economy is not frozen out by Israel if it pulls out as planned in 2005.
Britain's economy will grow 2.8 percent next year, accountants Ernst and Young said on Sunday, cutting their previous estimate of 3-percent growth as a spate of interest rate hikes cools consumer spending.
The foremost group representing United States business interests in Taiwan Sunday called for a resumption of talks on trade and investment between Washington and Taipei.
With eight full-fledged Islamic banks including three Middle East players, predominantly Muslim Malaysia has set the stage to become a key Islamic financial hub in the region, analysts say.
Foreign Minister Alexander Downer said on Sunday he was confident a free trade agreement (FTA) with the United States would not stall over last-minute amendments designed to guarantee Australians' access to cheap prescription medicines.
Battle lines are drawn at the Federal Reserve between those who favour formal inflation goals and those who don't, and the debate is heating up ahead of the coming retirement of Chairman Alan Greenspan.
Asian giants India and China are accelerating investment in biotechnology research to fight the odds in agriculture and feed their teeming millions, say scientists and officials.
Iran, formerly a major importer of wheat, has already produced enough of the grain domestically to surpass the country's projected demand for the year to March 2005, an Agriculture Ministry spokesman said.
Anglo-French transport group Eurotunnel is likely to call for significant job cuts as part of a survival plan to be unveiled at the end of this month, The Business newspaper reported on Sunday.
Turkey on Sunday denied any wrongdoing in trade with neighbouring Iraq during the rule of Saddam Hussein following a US report that mentioned the country among recipients of illicit oil exports.
The New York Times endorsed Democrat John Kerry for president, saying the US senator's "wide knowledge and clear thinking" are the makings of "a great chief executive" in an editorial to appear in its Sunday edition.
Activists have hit out after the latest European Social Forum (ESF), held in London, failed to attract the most vulnerable and deprived members of society due to being staged in one of the world's most expensive cities.
The Zimbabwean government says it looks forward to meeting opposition leader Morgan Tsvangirai and his party in crunch polls next year after his acquittal on charges of plotting to kill long-time President Robert Mugabe.
President Hamid Karzai maintained his early lead in Afghanistan's election after just over eight percent of the ballots had been counted, the election commission said Sunday.
Russia called on Iran on Sunday to ease world concerns about its nuclear ambitions by ratifying the additional protocol of the Nuclear Non-Proliferation Treaty (NPT) and halting all uranium enrichment, the Ria-Novosti news agency reported.
Sri Lanka's stalled peace talks with Tamil Tiger rebels will resume early next month, ending an 18-month deadlock in the Norwegian-backed process, a state-run newspaper reported Sunday.
The Iraq war has done little to increase security across the world or halt the activities of international terrorists, United Nations secretary-general Kofi Annan said on Sunday.
Two Muslim parties on Sunday threatened to withdraw their support for Indonesia's president-elect Susilo Bambang Yudhoyono if he chooses cabinet members of whom they disapprove.
Jewish settler leaders failed in a rare meeting with Israeli Prime Minister Ariel Sharon on Sunday to persuade him to back their proposal to put his planned Gaza withdrawal to a national referendum.
British troops in Iraq will not be re-deployed to Baghdad or the restive Sunni stronghold of Fallujah after it was confirmed that the United States has requested London to move its soldiers to the US-controlled sector, a defence ministry spokesman said Su
War on terror suspects held at the US naval base in Guantanamo Bay, Cuba, suffered "highly abusive" treatment during interrogations, The New York Times reported Sunday, citing military guards, intelligence agents and other sources.
Prime Minister Tony Blair has secretly agreed to allow Washington to station US missiles on British soil as part of President George W Bush's missile defence programme, the Independent on Sunday newspaper reported.
Ethnic tensions and violence have flared in an ethnically mixed corner of the former Yugoslav republic of Serbia that stood peacefully on the sidelines of the Balkan wars of the 1990s.
Indian apparel companies have introduced a range of clothes for slogging nine to five executives - shirts and trousers that emanate perfume, repel mosquitoes, keep you cool and remain spotless even when splashed with coffee.
Cairo fruitsellers have a Ramazan tradition of giving nicknames to their various selections of dates during the Muslim fasting month, and the "Jacques Chiracs" carried the highest price in town last year.
"You know I always thought it was good to be liberal because that reflected having ideas that are in synch with the times. Conservatives on the other hand, I was told, are the closest to fundamentalists and, therefore, need to be avoided."
Although the majority of WTO agreements and various implicative guidelines are already in vogue, we being a predominantly textile based economy, look forwards towards the ending of the MFA (Multi Fibre Agreement) and the removal of quantitative restrictio
Improvement in Pakistan's economy has not been accompanied by a corresponding improvement in corruption that remains on almost the same level as in 1998 which perhaps is the main factor for the increasing inequalities in the country.
Last week, after the publication of my article on the subject of "Insider trading at stock exchanges" in the Business Recorder, I was asked how we could eliminate or minimise these acts of insider trading from the equity market, when the market oug
A report headlined "Security plan for Ramazan chalked out", appearing in this newspaper last Friday, that is day the new moon was sighted, must have made a somewhat comforting reading to the people lately shocked by the terrorists' prayer time onslaughts
There is growing evidence that it would be almost impossible to contain inflation within the 5.0 percent target set at the beginning of the current fiscal.
Pakistan made five changes on Sunday from their one-day squad for the upcoming Test series against Sri Lanka with recalls for batsmen Imran Farhat and Asim Kamal and leg-spinner Danish Kaneria.
Pakistan's English coach Bob Woolmer on Sunday admitted his cricket squad was not clicking as a unit in big games, but said such teams should not be called chokers as it was a common symptom in a team's growth phase.
Nikolai Davydenko and French Open champion Anastasia Myskina made it a double Russian celebration here on Sunday when they stormed to victory at the 2.3-million-dollar Kremlin Cup.
Pakistan's Shoaib Malik has been reported for a suspect bowling action in the final of a triangular one-day tournament, sources close to the team said.
The International Cricket Council (ICC) is considering a proposal which could limit Zimbabwe and Bangladesh to home matches because of their problems competing at the top level. ICC President Ehsan Mani told a news conference on Sunday, however, that ther
One person was killed while five others were injured during armed clash between Solangi and Jagirani tribesmen, in village Keehar Khan Jagirani, district Khairpur, on Saturday.
The National College of Arts will host a three-day seminar on 'Urban housing in Pakistan - Issues, views and solutions' at Fatima Shafi Lecture Theatre on Monday, October 18.
Punjab Minister for Population Welfare Nasim Lodhi has said that birth control rate would be further lowered up to 1.85 percent from 1.92 percent in the province, and mobile service units, satellite camps, male mobilisers and other resources would be util
The Punjab government as its revolutionary steps to enhance the educational standard and improve the literacy rate has decided to introduce a uniform curriculum in all schools of the province.
As many as 482 industrial units are functioning in Sheikhupura district but only seven of them are fulfilling the national environmental quality standard (NEQS).
Central leadership of Muttahida Majlis-i-Amal (MMA) will meet with its provincial leadership here on Monday to prepare them for an anti-uniform campaign, sources said on Sunday.
Federal Religious Affairs Minister Ejazul Haq has called upon the Ulema and religious leaders that they should work collectively on strengthening the sectarian harmony in the country.
At least, 58 VIPs, politicians, police officer, Nazims, and religious scholars, office-bearers of religious organisations of both sects are on the hit list of terrorists, who wanted to kill them, it was stated in a confidential circular issued to the DIGs
Punjab government under its Rawalpindi Urban Area Development Project Phase II would construct five underpasses here on Mall Road with the cost of Rs 520 million, besides widening the road from Race Course to Katcheri Chowk.
Some essential items edged slightly higher manifesting arrival of holy month of Ramazan but fluctuations remained mainly a few during the week ended on October 17, 2004. The changes were in wheat, til, sugar, chemicals, makai, Irri white, gur, etc.
Massive Indian human rights violations in Indian occupied Kashmir (IOK) will come under particular focus at the two-day International Peace Conference being held in London on October 25-26.
The study group constituted by Pakistan Telecom Authority (PTA) under its Director General Finance to prepare recommendations for rationalisation of mobile phone companies tariff has completed its work.
The present government's agriculture policy, followed by package offered to agriculturists, launching of gigantic projects to conserve water resources and unparalleled budget allocation for agriculture sector, remains a question mark as far as achieving t
As many as eight division benches and 20 single benches will work at principal seat of the Lahore High Court (LHC) during the week, commencing from Monday, October 18.
The Union of Small & Medium Enterprises (Unisame), in pursuance of the government policy for building Gwadar, conducted a survey and released a guideline for SMEs desiring occupations in that location.
The District Nazim, Hyderabad Dr Makhdoom Rafique Zaman on Saturday formed a seven members sub-committee to identity the cases of bonded labour, if any in the district.
The TCP presence and modest buying by exporters kept cotton prices firm despite world rates remaining under constant pressure. The cotton prices opened and closed at Rs 1925, though pitfalls were marked until Friday.
Official results of the elections of Northern Areas Legislative Council and Local Government in Baltistan have been announced by the election commissioners in both districts of Skardu and Ghangche.
Pakistan Muslim League (PML-N) central leader Khwaja Saad Rafiq has said that efforts are on for formation of a "combined opposition", to wage a joint struggle for ouster of General Musharraf from the corridors of power.
Pakistan Standards & Quality Control Authority (PSQCA), set up by the government in the year 2000, has geared up its efforts to bring maximum number of companies into its net for registration and certification of their products as per quality standards.
NWFP Governor Lieutenant General Syed Iftikhar Hussain Shah (Retd) has highly appreciated the co-operation extended by the Mehsud tribe, particularly the Jalalkhel sub-tribe, in dealing with the issue of Chinese engineers and has thanked the elders as wel
Punjab Chief Minister Chaudhry Pervaiz Elahi calling upon both Pakistan and India to endeavour collectively to end poverty, hoped that dialogue between two neighbouring countries would bring positive results for establishing peace in the region.
Sindh Governor Dr Ishratul Ibad has said that the present government has held an open exchange of views on the issues which previously were used for creating hatred, and provided art opportunity of developing reconciliation and understanding and harmony.
Sindh Culture and Tourism Department is working on a series of cultural shows including local music programmes, literary conferences, 'Mushaira', cultural dramas and documentaries, and fashion shows after Eid-ul-Fitr to promote cultural and social activit
The Town Nazims of Karachi on Sunday complained against the unnecessary interference by certain provincial ministers in the smooth working of town administrations.
The People's Rights Movement (PRM) has strongly condemned the conferment of Hilal-e-Pakistan award upon the Asian Development Bank (ADB) president and asked the combined opposition to demand its immediate revocation.
Four benches including the five-member Shariat Appellate forming the largest single bench will sit in the Supreme Court here during the next judicial week starting from Monday.
The United States had forged a new partnership with Pakistan, US Secretary of State Colin Powell said this, adding that without co-operation of Pakistan waging war on terrorism it would not been possible.
Senator Hillary Clinton on Saturday said United States and Pakistan faced several challenges the most significant of them came from the menace of terrorism.
The weekly press briefing of the spokesman of the Foreign Office scheduled to be held here on Monday has been postponed. According to Foreign Office, the briefing has been postponed till Wednesday noon.
A well-organised inter-provincial racket involved in issuing fake academic degrees has been smashed with arresting its ring leader along with two members of the gang.
Two people were killed by unknown motorcyclists in Garden area here on Sunday. According to police and Edhi sources, Mohammad Arif Juba (40) s/o Abdul Jabbar along with his driver Mohammad Siddique (35) was travelling in his car on Nishtar road.
The NWFP government has launched mega agriculture project in four districts under Malakand Rural Development Programme (MRDP) to enhance the production of fruits and vegetable through environment friendly ways.
Pakistan Peoples Party (PPP) Chairperson Benazir Bhutto ridiculed on Sunday the ruling coalition's stance that a uniformed head of the state was imperative to take Pakistan through in country's war on terrorism.
An International Kashmir Conference will soon be held in United Kingdom to discuss and highlight the importance of early peaceful settlement of the Indian occupied Kashmir problem for establishing lasting peace in South Asia.
The Council of Pakistan American Affairs (COPAA), Los Angeles, has said it is encouraged by the positive outcome of the first direct meeting held between President Pervez Musharraf and Indian Prime Minister Manmohan Singh in New York recently.
United States Assistant Secretary of State for South Asia Christina Rocca will begin her formal engagements from Tuesday, the Foreign Ministry officials said. Rocca arrived here on Saturday as part of her four-day official tour to discuss hosts of issues