Wind of change: All (media) eyes on Egypt
CAIRO: In the last fortnight foreign media have shown increasing interest in Egypt. Their theme: “Change at last?” The Economist, the British weekly and arbiter of Anglophone liberal opinion, published…
Lecico to start the first phase of tile plant
Elie Baroudi, managing director of Lecico Egypt, said that the company plans to launch the first phase if the new tile plant in Burj Al-Arab Al-Gedida city by the end…
Settlers, Palestinians wounded in West Bank clashes
BURIN: Four Israeli settlers and three Palestinians were wounded on Monday when clashes broke out in the northern West Bank, police and an AFP correspondent said. The violence began when…
EgyptAir to launch Juba flights in August: report
Egypt’s national carrier will reportedly begin flights to the South Sudanese capital of Juba staring August 6, according to news reports. The independent Al-Tayar newspaper quoted an official at EgyptAir…
Egypt pound falls to weakest in 3-1/2 yrs vs dollar
The Egyptian pound traded as low as 5.7037 to the dollar on Monday, its weakest level since Jan. 9, 2007. "It's not supposed to be moving like this given the…
NBE, NUCA to sell medium-term bonds-sources
Egyptian state-owned National Bank of Egypt (NBE) and New Urban Communities Authority (NUCA) plan to sell medium-term bonds in the coming weeks, two people familiar with the transactions said on…
Suspected Qaeda leader among nine dead in Yemen clashes
SANAA: Al-Qaeda militants in an off-road vehicle attacked a foreign-run oilfield in Yemen sparking clashes in which six soldiers and three jihadists, one of them a top commander died, officials…
Cairo University film students go 3-D
A n audience of students, parents and professors took off their 3-D glasses and cheered loudly for the winning team in a contest with a big twist. For the 13 students…
Orascom Tel helps boost Egypt index
CAIRO: Egypt's main index inched up, helped by Orascom Telecom, which has gained 6.5 percent since Algerian ministers said in parliament on Thursday talks would soon begin with the Egyptian…
Oil eases further below $79, awaits US numbers
LONDON: Oil fell moderately on Monday as Tropical Storm Bonnie faded over the Gulf of Mexico, but trading was cautious ahead of US economic and corporate earnings data. Oil traders…