Popular Palestinian premier could be on way out
RAMALLAH: There are growing signs that the Palestinian prime minister, Salam Fayyad, could be on his way out, as the rival Fatah and Hamas movements prepare to sign a reconciliation…
Rooms filling up at Egypt’s hotels, Cairo still slow
CAIRO: After seeing occupancy rates plummet during and after the January 25 Revolution, hotels throughout the country are starting to see rooms fill up. While business is picking up in…
Brent oil dips below $124 as dollar rises
LONDON: Brent crude oil dipped below $124 a barrel on Tuesday as the dollar rose from a three-year low and traders weighed the impact on the market of Al-Qaeda leader…
Misr Beni Suef gets approval for capital increase
CAIRO: Shareholders of Egypt's Misr Beni Suef Cement approved a LE 5 cash dividend and a proposal to boost its capital by 25 percent, the firm said on Monday in…
Arafa net jumps 68 pct in year
CAIRO: Arafa Holding, Egypt's biggest garment exporter, said on Monday that consolidated net profit for the 12 months to January 31 jumped by 68 percent from a year earlier. The…
Dana Gas makes fifth gas discovery in Egypt
DUBAI: Dana Gas, the Gulf's only listed natural gas company, said on Tuesday it has made a new gas discovery in Egypt, the company's fifth gas find in the country.…
Egypt dips in thin trade, Palm Hills down
CAIRO: Egypt's main index closed lower in thin trade, with political and economic uncertainty still weighing on investor confidence. The ended down 0.3 percent at 5,039.4 points. "There is no…
UN rights expert hails ‘power’ of internet
GENEVA: A UN human rights expert has marked World Press Freedom Day by hailing the epoch-making power of the internet and the role online social networking has played in uprisings…
Iran and Egypt discuss ties, Palestinians
TEHRAN: Iranian Foreign Minister Ali Akbar Salehi has discussed "bilateral ties" and the Palestinian issue with his Egyptian counterpart, Iran's English-language Press TV reported on Tuesday. Salehi and Nabil Al-Araby…
Swiss reveal funds stashed by Gaddafi, Mubarak, Ben Ali
GENEVA: Switzerland has Some 410 million Swiss francs traced to former Egyptian President Hosni Mubarak stashed in the Alpine country, the Foreign Ministry said on Monday. Some 360 million Swiss…