Egypt index sheds almost 2 pct
CAIRO: Egypt s main index shed almost 2 percent, with all but one of the 30 constituents declining as global sentiment and recent strong gains promote profit-taking. We re following…
Al-Futtaim eyes Libya, Qatar for projects
DUBAI: Al-Futtaim Capital, the investment arm of the United Arab Emirates-based Al-Futtaim Group, is in talks for possible projects in OPEC members Libya and Qatar as it looks to tap…
GASC tightens wheat quality specifications
CAIRO: Egypt s main state wheat buyer, the General Authority for Supply Commodities (GASC), said on Wednesday it had tightened some quality specifications for its wheat purchases. GASC raised the…
Israel to consider renegotiating price of Egyptian gas
CAIRO: The Israeli government has set a three-week deadline to decide on an Egyptian proposal to renegotiate the price of exported natural gas, according to Israeli press reports.The Israeli Electric…
EU: Fresh Mideast talks could be announced soon
JERUSALEM: A top European Union official said Monday that renewal of Israeli-Palestinian peace talks could be announced in late September.The EU s foreign policy chief Javier Solana said he expected…
Iran nuclear threat 'hyped', says ElBaradei
WASHINGTON: Mohamed ElBaradei, the outgoing head of the UN atomic watchdog, called the threat from Iran hyped and said there was no evidence that the Islamic republic will soon have…
Obama hosts iftar for American Muslim
WASHINGTON: President Barack Obama on Tuesday praised American Muslims for enriching the nation's culture at a dinner to celebrate the Islamic holy month of Ramadan."The contribution of Muslims to the…
Egypt denies involvement with Iranian Sunni militia
CAIRO: Egypt has denied that it is supporting or funding the Sunni "Jundallah (Soldiers of God) group in Iran, according to a local paper. A supposedly high-level though unnamed source…
New Intel MD seeks to boost growth, provide solutions
CAIRO: Creating cutting edge technology isn't just about driving sales at Intel. This dynamic company is committed to bringing the benefits of technology to emerging markets through their World Ahead…
Cilantro's parent company Delicious branches out
CAIRO: Cilantro coffee shops have become a fixture of the Egyptian market since the chain first opened in 2000. With dozens of outlets, it is one of the leading coffeehouse…