Egypt central bank accepts repos worth LE 6 bln
CAIRO: Egypt's central bank accepted LE 6 billion ($1.01 billion) in seven-day repurchase agreements in the money market on Tuesday, the same amount it had offered. The repos carry a…
HC raises Egypt’s GB Auto to neutral
CAIRO: A recovery in Egypt's passenger car market will benefit GB Auto Group, the nation's biggest listed automobile assembler, Alembic HC said and upgraded the stock to "neutral" from "underweight."…
Rise and fall of Egyptian circus captured in haunting exhibit
A few years ago in academic circles, it seemed like one could not go anywhere, including art galleries, without hearing the name Mikhael Bakhtin. Bakhtin, a turn-of-the-century Russian philosopher who…
Kuwait Energy strikes 2 oil discoveries in Egypt
KUWAIT: Kuwait Energy Company said it struck two new oil discoveries in Egypt's Western Desert, bringing the total to 11. The oil discoveries were made in Shebl-1 and Shebl East-1…
MAF Properties has ‘significant’ expansion plans in Egypt
CAIRO: Majid Al Futtaim Properties, which develops shopping malls, hotels and mixed used community projects in the MENA region, said it has expansion plans and more investments lined up for…
Syrian dissidents brace for backlash after ‘massacre’
DAMASCUS: Syrian dissidents were Tuesday fearing a harsh backlash after the authorities warned of a forceful response to what they said was a massacre of 120 policemen in the town…
Teradata brings latest in data compression to Egyptian companies
ALEXANDRIA: Teradata Corporation, the world’s largest data warehousing company, held the first stop of its annual international CTO Road Show in Alexandria on June 4-5. A series of workshops on…
Yemen regime loses grip on major city, says tribal leader
SANAA: Yemen's second-largest city Taez has mostly fallen to armed dissidents, a tribal leader said, as protesters in Sanaa called for a "millions march" to thwart plans by wounded President…
Explosions in Tripoli, rebels seize Libyan town
YAFRAN/TRIPOLI: Loud explosions shook Tripoli early on Tuesday morning in what appeared to be stepped up NATO air strikes on the Libyan capital, and rebel forces seized a town in…
Iraq PM backs off firings on 100-day deadline
BAGHDAD: A 100-day deadline set by Iraqi Prime Minister Nuri Al-Maliki for his cabinet to shape up expires Tuesday, though the premier has pulled back from the threat of dismissals…