Sarkozy backs stronger Africa role in global affairs
NICE: French President Nicolas Sarkozy on Monday said it was time for Africa to have a stronger voice in global affairs as he opened a summit with 38 leaders in…
Kurdish rebel rocket attack kills six at Turkish navy base
ANKARA: Kurdish rebels fired rockets at a Turkish naval base Monday killing six troops in the latest assault on a military target since a jailed Kurdish rebel leader signalled an…
Iran hopeful on nuclear fuel swap deal, says FM
TOKYO: Iranian Foreign Minister Manouchehr Mottaki said Monday he remained hopeful that a nuclear fuel swap deal with Brazil and Turkey would go ahead despite a frosty reaction from the…
Protestors call for opening Rafah crossing, expulsion of Israeli ambassador
CAIRO: Demonstrators protesting the Israeli attack on a civilian aid flotilla called for the expulsion of the Israeli ambassador on Monday. Some 40 protestors gathered opposite the Egyptian foreign ministry…
Shoura Council elections start Tuesday
CAIRO: Polling stations will open Tuesday morning for citizens to cast their votes in the first round of the Shoura Council’s mid-term elections. Some 446 candidates are vying…
Israeli attack on aid flotilla leaves 19 dead to wide condemnation
CAIRO: Israeli army forces raided and attacked a fleet of ships carrying aid to Gaza early Monday killing at least 19 people. The Freedom Flotilla, as it was known, was…
SODIC plans Delta development, says market not saturated
CAIRO: Upper-income housing is not yet saturated and middle-income housing is on the rise, said Maher Maksoud, CEO of real estate developer SODIC. Speaking at a conference Monday, Maksoud said…
Declining demand will push steel prices down
CAIRO: Steel prices will decline in June for local producers including Egypt’s largest, Ezz Steel, according to analysts. Local producers will drop prices by LE 300, while Ezz Steel will…
Arafa eyes doubling profit on steady sales
CAIRO: Arafa Holding, Egypt's biggest garment exporter, hopes to keep sales in 2010/2011 at last year's levels of $332 million while doubling profits to $20 million on improved margins in…
Ezz Steel says no notice yet on Algeria deal
Ezz Steel has not received any formal notification from the Algerian authorities regarding its $750 million Algeria project, it said in a statement to Egypt's stock exchange on Sunday. Algerian…