Saudi: Lebanese jailed for claiming prophethood
RIYADH, SaudiArabia : A Saudi religious court has convicted a Lebanese man of claiming to be a prophet and sentenced him to four years imprisonment.A judicial official in the city…
Large quake hits Indonesia, tsunami alert lifted
JAKARTA: A powerful 6.6-magnitude earthquake struck at sea off the Indonesian island of Java on Tuesday, triggering a tsunami warning which was lifted after an hour, officials said.There were no…
Iran spending more to promote Quranic culture, says minister
TEHRAN: The government of President Mahmoud Ahmadinejad said on Tuesday it has boosted spending to promote the Quran and revive revolutionary ideals in Iran. The current government aims to revive…
Naeem to buy back 4.9 pct of its shares
CAIRO: Egyptian investment bank Naeem Holding said on Tuesday its board approved a plan to buy back up to 4.9 percent of the firm s shares from the open market.…
Oil rises to $116 as hurricane strengthens
LONDON: Oil rose more than $1 to reach $116 a barrel on Tuesday, bouncing off lows as concerns arose about possible disruption to US offshore oil and gas output from…
Egypt intelligence chief meets Palestinian leader
CAIRO: Egypt s official news agency says the nation s intelligence chief has met with a top Palestinian leader in effort to reconcile the feuding factions.MENA says Omar Suleiman s…
Israel hails Egypt's 'effective' action on Gaza tunnels
ALEXANDRIA: Israeli Defense Minister Ehud Barak during talks with President Hosni Mubarak on Tuesday voiced rare praise for Egypt s efforts to stem weapons smuggling into the Islamist-run Gaza Strip.Barak…
Google's Knol: knowledge sharing in Arabic
CAIRO: Google launched Tuesday Knol, a new free tool encouraging people to write articles about the things they know a lot about. Whatever the area of expertise, users can write,…
Egypt drives Kraft's double-digit regional growth
CAIRO: Kraft Foods reported an increase in global net revenue by 21.4 percent to $11.2 billion for the second quarter of 2008. The company's operating income rose 27.1 percent to…
Egypt indexes drop after cement ruling
CAIRO: Profit-taking and a court ruling to fine 20 executives in cement companies for anti-competition practices sent Egyptian shares down on Tuesday, ending three sessions of in the green, traders…