Agriculture futures jump as strong export demand emerges while energy, metals mostly weaken
NEW YORK: Agriculture futures rallied Tuesday after reports of strong export demand for wheat and corn spotlighted the extreme tightness of global grain supplies.Elsewhere, energy prices declined as the threat…
Emaar warns subprime crisis to hit US subsidiary: report
DUBAI: Dubai-based Emaar Properties warned third quarter profits for one of its US-based subsidiaries would be below earlier forecasts due to the subprime mortgage crisis, a newspaper reported Wednesday. Third-quarter…
Divine divide widens in Egypt
CAIRO: Recent high-profile cases of Egyptian Christians claiming abuse at the hands of their Muslim countrymen have highlighted growing divisions between the two communities. It s not as it was.…
QIZ exports to the US jumps to $306 mln
CAIRO: Qualified Industrial Zones (QIZ) exports of textiles and ready-made garments to the US jumped to $306 million from the period between January and May 2007, up from $223 million…
Gaza-bound aid unusable after a year on Egypt border
CAIRO: Around 80 tons of medical aid destined for the Gaza Strip have become unusable after being held up at the border with Egypt for more than a year, a…
Cheney in '94: Invading Baghdad would create 'quagmire'
CAIRO: A YouTube video has surfaced of US Vice President Dick Cheney explaining in 1994 why Iraq was too fragile to invade, prompting criticism across the internet. Cheney, then Defense…
EU resumes provisional fuel payments to Gaza
CAIRO: The EU has agreed to resume funding to Gaza's main power station on a provisional basis after receiving guarantees that Hamas would not apply taxes to the electricity bills.The…
Egyptian-American dissident fears arrest if he returns home
CAIRO: One of Egypt s most outspoken government critics, Egyptian-American academic Saad Eddin Ibrahim, said he cannot return to the country of his birth for fear of arrest or worse,…
Brotherhood lawmakers arrested in Menufiya raid
CAIRO: The government crackdown on opposition groups continued this week with the arrest of Sabri Amer and Ragab Abu Zaid, two members of the People's Assembly who also belong to…
UN commemorate fourth anniversary of Baghdad attacks
CAIRO: The United Nations Information Center (Unic) in Cairo commemorated Monday the fourth anniversary of the attack on the UN building in Baghdad where 22 staff members were killed, including…