Egypt’s army to give new PM extra powers: agency
CAIRO: Egypt's new prime minister said on Tuesday the ruling army would grant him extra powers, the state news agency reported, after critics accused the military of failing to give…
Iran weaves technology into its Persian carpets
By Marc Burleigh / AFP Zahra Nazer's fingers work deftly on the loom, rapidly weaving each colorful silk thread into a carpet that will take more than a year to complete.…
‘Hugo’ is me, Scorsese says of new film
Martin Scorsese leaves the tough guy world far behind with his latest film "Hugo," a 3D fantasy set in pre-war Paris about an orphan and a toymaker — as well…
Book on Siwa blends travel literature with photography
“It is a study of largesse in both legends and lifestyles,” writes emerging author Rawah Badrawi in the introduction of her new book on the desert oasis town of Siwa.…
Egypt index edges up as political worries ease
CAIRO: Egypt's benchmark share index inched up after two days of losses, led by local retail investors who believe some of the political tensions of the last two weeks may…
Egypt central bank accepts repos worth LE 10.4 bln
CAIRO: Egypt's central bank accepted LE 10.399 billion ($1.731 billion) in seven-day repurchase agreements in the money market on Tuesday, the entire amount it was offered. The bank had asked…
Arab Investment Bank’s Sanady Fund sees 200 pct subscription: HC
CAIRO: The subscription of the Arab Investment Bank’s Sanady Fund, managed by HC Securities and Investment, closed Nov. 17 with 200 percent of the coverage targeted, according to a statement.…
World Bank ups carbon finance support to poorest countries
DURBAN: The World Bank launched two new financial initiatives to help the least-developed countries access financing for low-carbon investments, according to a statement. The Carbon Initiative for Development (Ci-Dev) and…
Muslim Brotherhood threatens demos if poll fraud found
CAIRO: The Muslim Brotherhood, the biggest winner in the first round of Egypt's elections, has threatened to take to the streets if there is any attempt to manipulate results. The…
Egyptian border guards kill African migrant
EL-ARISH: A security official says Egyptian police have shot dead an African migrant and wounded three others near the border with Israel. The security official says the four men, all…