Al-Fagr journalists released pending further investigations
By Heba Fahmy CAIRO: The military prosecution released on Sunday editor-in-chief of Al-Fagr tabloid Adel Hammouda and journalist Rasha Azab without bail pending further investigations. They were both interrogated on charges…
Eye-witnesses say alleged Israeli spy ‘encouraged protests’, says report
By Noah Rayman CAIRO: Eye-witnesses told Egyptian investigators that Ilan Grapel, the alleged Israeli spy detained last week, spoke Arabic to them, prayed with them in Al-Azhar Mosque, and encouraged them…
Brotherhood sacks member for plans to contest presidency
By Marwa Al-A'asar CAIRO: The Muslim Brotherhood (MB) group has sacked senior member Abdel-Moniem Aboul-Fotouh for violating the group’s decision not to contest the next presidential polls slated for later this…
Arab revolts force US to weigh ideals, interests
WASHINGTON: In struggling to keep pace with the Arab spring the United States has increasingly had to balance its democratic ideals with its long-standing interests in a complex and…
Despite fallout, Turkey seeks to ‘inspire’ Arab revolt
ANKARA: The turmoil may have strained ties with allies and led to a mass influx of refugees but Turkey sees the Arab uprisings as an opportunity to showcase its successful…
Oil market witnesses record price gap
LONDON: A cocktail of factors, including ample US crude stockpiles, unrest in the Middle East and North Africa and keen Asian demand, has caused benchmark oil prices to trade more…
Egypt reduces size of T-bill sale as yields rise
CAIRO: Egypt's central bank said it sold LE 5.79 billion ($973.83 million) in domestic treasury bills on Sunday, less than the LE 6.5 billion it was seeking. The bank sold…
Kingdom Holding eyes $350 mln Egypt investment: paper
CAIRO: Saudi firm Kingdom Holding is considering investing $350 million in an agro-industrial project in Egypt, newspaper Al-Mal quoted a senior company executive as saying on Sunday. "I think we…
Romania vows to help Egypt in coming phase
CAIRO: In post-revolution Egypt, Chairman of the Egyptian-Romanian Business Council Hassan El-Shafei announced that by 2015, the council plans to reach $600 million in bilateral economic exchange while increasing yearly…
Egypt names Al-Orabi as new foreign minister
CAIRO: Egypt on Sunday appointed Mohammed Al-Orabi as the new foreign minister to replace Nabil El-Araby who will head the Arab League, the official MENA news agency reported. "Prime…