PM El-Ganzoury pleads for two-month calm
CAIRO: Prime Minister Kamal El-Ganzoury called for a two-month period of calm to achieve security and stability in the country, urging political players to engage in a national dialogue. At…
Low voter turnout in Menufiya and Beheira run-offs
MENUFIYA/BEHEIRA: Turnout at Beheira and Menufiya governorates was below moderate in the run-offs of the second stage of the parliamentary elections. Voting for the single winner seats in Menufiya’s first…
IMF sees high Saudi spending, budget surplus in 2012
DUBAI: Saudi Arabia is expected to maintain a high level of government spending next year but succeed in posting another large budget surplus without needing to dip into its fiscal…
Tahrir Square one of the most dangerous places for journos in 2011
CAIRO: Tahrir Square was one of the 10 most dangerous places for journalists in 2011, a year that saw 66 journalists killed worldwide, 20 of whom while covering Arab uprisings,…
Gold climbs as ECB tender lifts euro
LONDON: Gold rose on Wednesday as the euro continued its break higher versus the dollar, after a tender for cheap loans from the European Central Bank saw a greater take-up…
Major traders win 9 pct of Libyan oil exports
LONDON: Libya has agreed to supply oil to four major European trading houses in 2012, a senior National Oil Corporation (NOC) source said, amounting to at least 9 percent of…
UK’s EIIB in talks with Rasmala for 30 pct stake: sources
DUBAI: European Islamic Investment Bank is in talks to acquire a 30 percent stake in Dubai-based Rasmala Investment Bank, two sources with knowledge of the matter told Reuters on Thursday.…
Egypt’s outsourcing sector still going strong
CAIRO: Egypt’s outsourcing industry reached its goal of $1.1 billion in ICT export revenue, according to the Information Technology Industry Development Agency (ITIDA). “Egypt enjoys several advantages, given our location,”…
Most Islamists boycott Friday ‘honor’ protests
CAIRO: Islamist groups and parties including the Freedom and Justice Party (FJP) and Al-Gamaa Al-Islameya and are steering clear of mass protests planned Friday dubbed "Reclaiming Honor." Leading…
Arab team prepares Syria mission after deadly assault
BEIRUT: Arab League officials arrive in Syria on Thursday to prepare for monitors overseeing an Arab peace plan, after activists said President Bashar Al-Assad's forces carried out the deadliest assault…