OCI secures loan for DSM deal: paper
Orascom Construction Industries (OCI), Egypt's biggest listed builder, has secured a loan worth more than €175 million ($212.6 million) to part finance the buying of assets from Dutch chemicals group…
Ezz Steel profit jumps, sees strong outlook
Egyptian group Ezz Steel said on Wednesday first-quarter net profit surged 78 percent and strong domestic demand and a recovery in global flat steel prices would continue to boost margins.…
Saudi to probe MTV film on young that angered conservatives
An MTV documentary on young people challenging Saudi Arabia's ultra-strict Islamic social code has sparked uproar among conservatives and court and government investigations, officials said Tuesday. Traditionalists have filed a…
Prince of Persia: Swashbuckling fun, but history lost in Sands of Time
The latest production based on a popular video game, “Prince of Persia: The Sands of Time” is great fun, filled to the sword hilt with swashbuckling adventure, mysticism and all…
Court keeps ban in Al-Hadary transfer case
GENEVA: World sport's top court on Tuesday made a final ruling in the controversial transfer of Egyptian goalkeeper Essam Al-Hadary in 2008, upholding FIFA's four month ban on the player.…
Is Greece Japan's Future?
TOKYO: The Greek fiscal crisis has sent shockwaves through markets around the world. In just two years, Greece’s budget deficit jumped from 4 percent of GDP to 13 percent. Now…
Anniversary of Indonesian riots spurs talk of pluralism
SAN FRANCISCO, California: May marked the 12th anniversary of a critical event in recent Indonesian history — the May 1998 riots. Following the death of four university students who were…
A True Story
JERUSALEM: As a Palestinian Arab from Hizme, a village located between Jerusalem and Ramallah, my life growing up was very different to that of the Jewish children who lived nearby.…
The Flight to Quality
BERKELEY: In late May, the yield to maturity of the 30-year United States Treasury bond was 4.07 percent per year — down a full half a percentage point since the…
Candidate's representatives prevented from entering polling stations, says lawyer
GIZA: Police forces prevented Tuesday Muslim Brotherhood (MB) representatives from entering the Shoura Council’s mid-term election polling stations in Southern Giza, lawyer Mohamed El-Husseini told Daily News Egypt. “Security forces…