Former housing minister El-Maghrabi jailed for graft
CAIRO: A former housing minister who served under ousted President Hosni Mubarak was sentenced to five years' imprisonment and fined over an illegal land deal on Thursday, a judicial source…
G8: End Arab repression, restart Israel-Palestinian talks
DEAUVILLE: G8 leaders meeting in France are to call for an end to the bloody repression of protests in Libya and Syria and for Israel and the Palestinians swiftly to…
Hamas, EU hail Egypt plan to open Rafah border
GAZA CITY: Gaza's Hamas rulers and the European Union on Thursday welcomed an Egyptian decision to permanently open the Rafah border crossing between Egypt and the Palestinian enclave. Hamas hailed…
Mubarak knew of ‘every bullet fired,’ says ex-spy chief
By AFP CAIRO: Egypt's ex-president Hosni Mubarak, charged with murder, "had complete knowledge of every bullet fired" at protesters, according to damning testimony by his former spy chief published in…
National Consensus Conference ends abruptly
CAIRO: Marred by a war of words between participants, the doomed National Consensus Conference came to an abrupt end during its second installment Thursday. Conference chairman Yehia El-Gamal was first…
SODIC first-quarter net loss widens
CAIRO: Egypt's third-biggest listed developer SODIC posted a wider net loss in the first quarter, when an uprising shook the economy and some sales were cancelled, but said it was…
Arab web clampdown hurts own economies: Google chief
DEAUVILLE: Arab leaders were wrong to block Internet access in an effort to quell popular revolts as such moves only hurt their own economies, Google Chairman Eric Schmidt said on…
Olympic Q1 net profit drops 33 percent
CAIRO: Egyptian appliance maker Olympic Group, set to be acquired by Sweden's Electrolux AB, posted a 33 percent drop in first-quarter net profit, the stock exchange said on Wednesday. Net…
Egypt extends rise; Oman slumps to 17-month low
CAIRO/DUBAI: Egypt's main index hit a seven-week high on Thursday as concerns eased that demonstrations planned for Cairo the following day could turn violent and wreak further damage on fragile…
Egypt peaks on Nielsen’s Consumer Confidence Index
CAIRO: Egypt rose to its highest level on the Consumer Confidence Index at 102 points during the first quarter of 2011, according to a study released by The Nielsen Company.…