Egypt’s OCI gets $450 mln of Saudi Arabian projects
CAIRO: Egypt's Orascom Construction (OCI), the country's biggest listed firm, said on Wednesday its Saudi Arabian subsidiary was awarded infrastructure work there worth $450 million. Protests that toppled Egypt's Hosni…
Egypt falls ahead of mass protests
CAIRO: Concern over a mass protest planned for Friday drag down the benchmark index by 2.2 percent, its biggest single-day decline since June 2. Investors fear the protest may prolong…
Budget plan raises concerns among experts
CAIRO: Egypt’s approved 2011-2012 fiscal year budget plan, which still carries a high deficit and no plans for accepting foreign loans, raised concerns among experts in an economy that has…
Med Union chief vows to support Arab spring
By AFP MADRID: The new head of a 43-nation Mediterranean union said Tuesday he will support Arab Spring reforms while insisting the West can no longer dictate terms for democracy.…
Egypt to recognize South Sudan
CAIRO: An Egyptian foreign ministry official says Egypt will recognize South Sudan after secession later this week. Mohamed Morsi told the Al-Ahram daily on Tuesday that Egypt will name its…
Too late to invite European election observers to Egypt, says EU official
By Sarah El Sirgany BRUSSELS: It is too late for Egypt to invite European observers to monitor the parliamentary elections slated for September, a European Union official said. The head…
Four workers drown after Maadi bridge collapses, families block Corniche
By Tamim Elyan CAIRO: Four construction workers drowned when a bridge in Maadi collapsed early Wednesday morning, triggering an angry response from their families. Tens of the workers’ family members…
Sonic boom caused Cairo ‘explosion’ panic
By AFP CAIRO: Egypt's interior ministry said Wednesday that a sonic boom from an overflying aircraft was the cause of a loud "explosion" that sent Cairo's residents in a panic.…
Syrian forces advance on restive Hama
BEIRUT: Hundreds of residents of Hama burned tires, erected sand barriers and set up other makeshift roadblocks Tuesday to prevent the advance of Syrian tanks and soldiers ringing the city,…
Clashes between police and protesters late June were premeditated, says fact finding committee
By Heba Fahmy CAIRO: The clashes between police forces and protesters that occurred late June were premeditated, according to a report issued Tuesday by the fact finding committee of the…