Israel electricity prices rise over Egypt gas disruptions
JERUSALEM: Israel's finance ministry on Monday announced a 9.3 percent rise in the electricity price, citing disruptions in the gas supply from Egypt, even as Israelis protest nationwide over the…
Religious TV series garner viewership, controversy
“Al-Hassan wal Hussein” can be classified as yet another historical and religious TV series, but the increasingly popular TV series breaks a religious taboo, once thought untouchable in the…
Noble wins rig contracts for Egypt, North Sea
NEW YORK: Noble Corp announced several new contracts on Monday for oil rigs operating in the North Sea, Egypt and Gulf of Mexico. The owner of the world's third-largest offshore…
Oil falls over $4 as US downgrade spurs growth concern
LONDON: Oil fell more than $4 a barrel on Monday as worries over economic growth spread after Standard & Poor's cut the United States' top-tier credit rating and European central…
Ezz Dekheila Steel 2010 net rises 16 pct
CAIRO: Egypt's Ezz Dekheila Steel, a unit of Ezz Steel, said on Monday its 2010 net profit rose 16 percent year-on-year to LE 668.7 million ($112.3). The firm reported a…
Stimulating innovation: An untapped resource for Egypt’s economy
CAIRO: Currently, the Middle East and North Africa (MENA) region is a net importer of information and communications technology (ICT). Companies in the region purchase ICT products and services that…
Egypt signs $550 mln Suez power station loan
CAIRO: Egypt signed a soft loan from the African Development Bank worth $550 million on Monday to finance a 650 megawatt power station in the city of Suez, the government…
Egypt’s main index extends fall, Gulf decline steadies
CAIRO: Egypt's main index extended Sunday's heavy decline, slipping 2.04 percent to a fresh two-year low as foreign investors exited the local market on continued concerns over US growth and…
US ripple effect small compared to Egypt’s economic woes
CAIRO: With the US hit with a downgrade due to its debt crisis, the global economy is expected to feel its aftershock; however, for a country like Egypt, which has…
Doublespeak, duplicity and diplomacy
By Philip Whitfield CAIRO: Before getting ahead of ourselves, remember the canard was uttered a long time ago: Ambassadors are men of virtue sent to lie abroad for their country. Secondly…