South Africa calls for immediate ceasefire in Libya
CAPE TOWN: South Africa's foreign minister called for an immediate ceasefire in Libya on Tuesday, after President Jacob Zuma's talks in Tripoli failed to advance an African Union peace plan.…
New army shelling in Syria crackdown kills 1
BEIRUT: The Syrian military used heavy machine-guns and artillery in fresh attacks on a town in the country's turbulent heartland Tuesday, killing at least one person, activists said. The Local…
Yemen truce ends with blasts, stokes civil war worries
SANAA: Fresh street fighting raged across the Yemeni capital on Tuesday after a tenuous truce broke down between tribal groups and forces loyal to President Ali Abdullah Saleh, edging the…
Don’t jeopardize Rafah reopening: Hamas tells Gazans
GAZA CITY: The head of the Hamas government in Gaza on Tuesday urged Palestinians to respect Egypt's security so that Cairo would keep open the Rafah border crossing. Ismail Haniya…
African Development Bank approves $500 mln Tunisia loan
TUNIS: The African Development Bank said on Monday it had approved a $500 million loan to support Tunisia's interim government following the revolution that toppled its long-standing president early this…
Credit Suisse raises Orascom target price
CAIRO: Credit Suisse raised its share-price target on Orascom Construction Industries (OCI) , and said it expects the construction company to benefit the most from the recent aid packages to…
Alex Cement Q1 net profit drops 34 pct
CAIRO: Egypt's Alexandria Cement posted a 34 percent fall in consolidated net profit to LE 101.4 million ($17 million) for the first quarter of 2010, the stock exchange said on…
Nasr City Housing to start project: paper
CAIRO: Egyptian property developer Nasr City Housing is preparing to start work on its 3.5 million square meter, $3.4 billion-plus Tigan project, Al-Mal newspaper said on Tuesday. Tigan will include…
Egypt gets short-term relief, investors still wary
CAIRO: Billions of dollars in aid for Egypt will offer short-term relief to its battered economy but will not be enough to reassure investors worried about what the government will…
Iran ‘optimistic’ on Egypt ties
TEHRAN: Iran is "optimistic" about boosting ties with Egypt, Foreign Minister Ali Akbar Salehi was reported as saying Tuesday after Cairo expelled an Iranian diplomat on suspicion of spying. "We…