Israel indicts 2 Arab citizens in aiding Hezbollah
JERUSALEM: Israel indicted two prominent activists from its Arab minority on Thursday for allegedly assisting the Lebanese militant group Hezbollah. The Shin Bet security service said Amir Makhoul confessed to…
Egypt index climbs, led by soaring OT
CAIRO: Orascom Telecom lept 8.5 percent, boosted by announcements it will negotiate the sale of its Algerian Djezzy unit to the Algerian government and might consider bidding for control of…
The city at the far end of the world: Part 2
Three weeks ago, I was invited by a South-African NGO called the Arterial Network on a “sponsored cultural tour to the Harare International Festival of the Arts (Hifa).” During my…
Egypt shuts two Torah Cement production lines
Egypt has shut down two of Torah Cement's production lines and filed a case on charges the company damaged the environment, the environment ministry said on Tuesday. Torah, majority owned…
Tenders for wind generation projects by year-end
An international tender for a number of wind-generated electricity plants with a capacity of 1,000 MW will be offered before the end of the year to local and foreign investors,…
Egypt backs subsidy increase, budget impact neutral
Egypt will spend an additional LE 32 billion ($5.65 billion) on subsidies in 2010/11, but the increase will not affect the overall budget deficit, the finance minister said on Wednesday.…
Apache to drill 11 more test wells in Egypt
Apache Corp said on Wednesday that following its second discovery this year in Egypt's Matruh Basin, it plans to drill 11 more exploration wells in the western desert region. The…
OT tells Algeria it will enter Djezzy talks
Egyptian mobile firm Orascom Telecom said on Thursday it would enter negotiations to sell its Algerian unit Djezzy to the Algerian government. Algeria's trade minister had said on Wednesday it…
Brand Islam
The world is still trying to size up the validity and effectiveness of the European Union $1 billion support package for Greece and future emergencies on the continent. Even though,…
Sewedy Cables sees Q2 net profit up, eyes Europe
CAIRO: Egyptian group El Sewedy Cables expects second-quarter net profit to grow 32 percent year-on-year, mainly boosted by sales to European markets, its chief executive said on Wednesday. "We expect…
