Oil spill threatens Red Sea marine life off Hurghada
CAIRO: An oil spill off the Egyptian Red Sea coast of Hurghada threatening to damage marine life in the area has prompted environmental agencies to demand tighter regulation of offshore…
US envoy Mitchell ends tour with visit to Mubarak
CAIRO: US special envoy George Mitchell on Saturday met Egyptian President Hosni Mubarak as he wrapped up a regional tour aimed at advancing Middle East peace efforts. Mitchell, a go-between…
Man convicted of stabbing Marwa Al-Sherbini in prison
BERLIN: Germany's highest court has ruled that a Russian-born German man has no grounds for appealing his murder conviction for fatally stabbing a pregnant Egyptian woman in a courtroom. Germany's…
Egypt index ends up, OCI leads
CAIRO: Egyptian shares climbed in the third straight session, helping the country's main index gain 1.6 percent on the back of positive domestic sentiment as global markets stabilized. Global markets…
Telecom Egypt approves LE 0.55 dividend
CAIRO: Telecom Egypt has approved a LE 0.55 ($0.10) interim dividend for 2009, after earlier distributing LE 0.75 pounds, a company source said on Sunday. Although it was distributed in…
Egypt's Alcotexa sells 150 T cotton in past week
CAIRO: Egypt's Alexandria Cotton Exporters' Association (Alcotexa) committed to sell 150 tons of cotton in the week that ended on June 19, an Alcotexa official told Reuters on Sunday. The…
Egypt Palm Hills delays bond sale till 2011, says paper
CAIRO: Egypt's Palm Hills Developments has pushed back a plan to sell LE 500 million ($88 million) in bonds until early 2011, Al-Borsa quoted its chief financial officer (CFO) on…
Egypt to pump $317 mln into state holding firm
CAIRO: Egypt expects to pump LE 1.8 billion ($317 million) next fiscal year into state-run Chemical Industries Holding Company, which controls several listed firms, the state news agency MENA said…
Egyptians bitter as Algeria represent Arabs at World Cup
CAIRO: Winners of seven African football titles, Egyptians are bitterly reduced to spectators as they watch on-pitch foe Algeria represent Arab nations at the World Cup in South Africa. "It…