Iran hikes gasoline price four-fold as subsidies cut
TEHRAN: The price of gasoline will rise four-fold in Iran in the coming days, state television announced late on Saturday, as the most politically sensitive part of President Mahmoud Ahmadinejad's…
Mercosur inks tariff deal with Egypt, others
FOZ DO IGUACU: South America's Mercosur trade partners signed a preferential tariff deal Wednesday with several developing nations including India, officials said. Argentina, Brazil, Paraguay and Uruguay formed Mercosur in…
Iran approached Bedouin for Gaza gun running: cable
CAIRO: Egypt's spy chief told US officials last year Iran was trying to recruit Bedouin in the Sinai Peninsula to help smuggle arms into the blockaded Gaza Strip, a leaked…
Egypt’s central bank leaves key interest rates unchanged
CAIRO: Egypt's central bank kept its key overnight interest rates steady on Thursday, its 10th pause since it stopped lowering rates in September 2009, the central bank said on its…
Dig finds statue pieces in pharaonic temple ruins
CAIRO: Archaeologists have found fragments of a statue of an ancient god and a pharaoh in a site that once housed ancient Egypt's largest funerary temple, the antiquities council said…
Nagaa Hammadi case resumes Saturday
CAIRO: The Emergency State Security Criminal Court in Qena will resume on Saturday, the trial of the Nagaa Hammadi drive-by shooting, which left six Copts and a Muslim guard dead…
Egypt to receive $100 mln World Bank loan to modernize irrigation
CAIRO: The World Bank approved Thursday a $100 million loan to support Egypt’s Farm-level Irrigation Modernization Project (FIMP), according to a statement. The project aims to increase agricultural profitability and…
Hellenic Petrol sells drilling rights in Egypt
ATHENS: Greece's biggest refiner Hellenic Petroleum has sold rights to drill for hydrocarbons in Egypt as it focuses on its core downstream activities to cope with recession at home, it…
Libya to fund most of $20 bln Egypt housing project
Libya will bankroll most of a LE 116 billion real estate project launched jointly with Egypt's housing ministry to offer homes for millions of young Egyptians, an official said on…
Egypt to allow short-staple cotton imports: paper
Egypt is planning to allow imports of short-staple cotton to meet the needs of local spinning and textile factories, a newspaper reported on Thursday, citing the trade minister. Because of…
