Unrest costs Middle East, North Africa markets $90 bln: Markaz
The Middle East and North Africa markets have lost nearly $90 billion year-to-date, mostly due to rising tension in Libya, according to analysts at Kuwait Financial Center (Markaz), who expect…
Muslims end Helwan village sit-in as Copts’ protests continue at Maspero
By Tamim Elyan CAIRO: Muslim villagers in Etfeeh ended their sit-in Thursday after a visit by a delegation of Muslim and Coptic figures calling for the return of calm to the…
Deputy says he isn’t worried about Egyptian pound
CAIRO: The deputy governor of Egypt's Central Bank is voicing optimism about the economy, saying the country's currency is trading in a tight range. Hisham Ramez says that while the…
Egypt says to press ahead with nuclear tender
CAIRO: Egypt's Electricity Minister said the country would go ahead with a tender for the construction of its first nuclear power plant despite recent political unrest, a government Facebook page…
Egypt, England, Aussies reach squash semis
CHENNAI, India: Title favorite Egypt and defending champion England booked semifinal slots in the squash World Cup on Wednesday. Top-ranked Egypt swept aside Sri Lanka and France 3-0 both times…
Gold rises as MidEast, euro quell risk appetite
LONDON: Gold rose on Wednesday, supported by investor concern over the violence across the Middle East and the resurgence of discomfort over the euro zone's finances ahead of a key…
PHD offers to pay price difference for land
CAIRO: Palm Hills Development Chairman and CEO Yasseen Mansour has offered to pay LE 272 million as a “compensation for lost revenue” in the case brought against the firm…
Egypt’s inflation eases in February as prices stabilize
CAIRO: As food price inflation decreased to 18.2 percent in February from 18.9 percent the previous month, annual urban inflation also fell slightly to 10.7 percent from 10.8 percent in…
Pope’s book says Jesus was no ‘political revolutionary’
VATICAN CITY: Pope Benedict XVI has rejected the idea of Jesus as a "revolutionary" saying he used the "power of love" in a new book in which he also says…
Women standing with men for change in the Middle East
By Carla Koppell and Haleh Esfandiari WASHINGTON, DC: In Libya, Egypt, Bahrain, Yemen, Tunisia and elsewhere, women have stood with men pushing for change. In Libya, Iman and Salwa Bagaighif are…