Egypt has until March 24 to avoid index review
LONDON: Egypt must reopen its stock exchange by next Thursday to avoid the risk of exclusion from MSCI's emerging markets index, but any change to the closely followed benchmark would…
Dead parrot trade talks
NEW YORK:The Doha Round of Multilateral Trade Negotiations (MTN) is the first negotiation to take place under the auspices of the World Trade Organization (WTO), founded in 1995. The eight…
Min of Industry and Foreign Trade meets foreign ambassadors
CAIRO- Egypt – Egypt’s Minister of Industry ad Foreign Trade Dr. Samir El- Sayyad held a series of official meetings with foreign ambassadors to discuss strengthening economic co-operation, increasing trade…
Oil prices fall after Libya calls ceasefire
LONDON: World oil prices fell Friday in volatile trade after major crude exporter Libya called a ceasefire with rebels, easing fears about possible damage to its energy facilities. Brent oil…
US stocks rally on G7 move to cool yen
NEW YORK: US stocks rallied Friday after the G7 major economies acted to curb the yen and Libya announced a cease-fire in a crackdown on insurgents in the face of…
Cyprus may expedite gas exploration to tap demand
NICOSIA: Cyprus could expedite its oil and gas exploration program to tap an anticipated increase in demand, the head of its energy service said on Friday. U.S. energy company Noble…
32 dead in Yemen protest bloodbath, say medics
SANAA: Yemen's capital turned into a bloodbath with at least 32 people killed as regime loyalists on Friday raked pro-democracy protesters with bullets, in the deadliest clash in nearly a…
Bahrainis bury dead protester amid crackdown
MANAMA: Shouting "down with King Hamad", thousands of Bahrainis buried an activist killed in a crackdown on mainly Shia protesters that has angered Iran and raised tension in the world's…
As protests near Saudi borders, king offers money
CAIRO: Saudi Arabia's king promised a multibillion dollar package of reforms, raises, cash, loans and apartments on Friday in what appeared to be the Arab world's most expensive attempt to…
Demos across Syria after foiled Damascus rally
DAMASCUS: Plain-clothes Syrian police broke up a protest after Friday prayers at the main mosque in central Damascus, dragging away at least two activists, as videos purportedly of rallies in…