Sudan’s Beshir in talks with Egypt military rulers
CAIRO: Sudanese President Omar Al-Bashir met with Egypt's new military rulers on Tuesday, the official MENA agency reported, marking the first visit to post-Mubarak Egypt by an Arab head of…
Students refuse minister’s promises, sit-ins continue across Egypt
By Tamim Elyan CAIRO: Protesting students at Cairo University refused to accept pledges by Minister of Higher Education and Scientific Research Amr Salama to give him one week to negotiate the…
Egypt wants to raise price of gas to Jordan
AMMAN: Egypt, which cut gas supplies to Jordan and Israel after saboteurs attacked a pipeline in February, wants to increase the price the kingdom pays, an official said on Tuesday.…
Credit Agricole Egypt 2010 net climbs 13.3 pct
CAIRO: Credit Agricole Egypt posted a 13.3 percent increase in 2010 net profit, the stock exchange said on Tuesday. The bank, owned 60 percent by France's Credit Agricole, said in…
New rules could make oil even more volatile
LONDON: The oil industry is bracing itself for new regulation, welcoming moves to prevent market abuse, but tighter position limits could stifle liquidity and bring greater price volatility. The new…
OCI outlook positive after 76 pct profit rise
CAIRO: Orascom Construction Industries (OCI), Egypt's largest listed firm, posted a 76.1 percent rise in fourth-quarter net profit on Tuesday and was upbeat on its construction and fertilizer activities. The…
Eco-farming can double food output by poor: UN
OSLO: Many farmers in developing nations can double food production within a decade by shifting to ecological agriculture from use of chemical fertilizers and pesticides, a UN report showed…
Vimpelcom hits back at Telenor’s criticism of Wind
MOSCOW/LONDON: Russian telecoms group Vimpelcom has rebuffed Norwegian shareholder Telenor's criticism of its planned $6 billion Wind Telecom acquisition, saying the deal was fairly priced to create value. Both sides…
Eni business plan clouded by Africa unrest
MILAN: North African unrest is fuelling uncertainty about Eni's strategy and production outlook as the Italian oil and gas company prepares to unveil its next four-year business plan. Investors will…
Egypt’s foreign reserves plunge $1.7 bln in Feb
CAIRO: Egypt's net foreign reserves plunged by $1.69 billion in February, their biggest one-month decline in over a decade as political turmoil drove capital out of the country and put…