Opposition welcome Shafiq resignation
By Safaa Abdoun CAIRO: The resignation of Prime Minister Ahmed Shafiq was welcomed by the opposition in Egypt, who were planning to stage a sit-in starting this Friday in Tahrir…
Egyptian opposition fears Islamists and old guard
By Yasmine Saleh / Reuters CAIRO: Suppressed for decades, secular Egyptians have finally got their chance to enter politics but are worried they will be steam-rollered by Islamists and remnants…
ANALYSIS: When gold’s war premium goes, can it win the peace?
By Amanda Cooper/Reuters LONDON: The bullion price's leap to record highs has been fuelled by the fear factor stemming from uprisings in the Arab world, but once calm is restored,…
FAO warns on oil as world food prices hit record
MILAN: Global food prices hit a record high in February, the United Nations said Thursday, warning that fresh oil price spikes and stockpiling by importers keen to head off popular…
Regional tension weighs down Gulf bourses
DUBAI: Most Gulf bourses fell on Thursday, as a revolt against Libyan leader Muammar Gaddafi continued and fear of a contagion in the Middle East prompted investors to exit markets.…
GB Auto expects car sales to bounce back
CAIRO: Egypt's GB Auto said on Thursday it expected its car sales to bounce back quickly after the political protests that ousted president Hosni Mubarak, but commercial sales would likely…
Suez Canal leaves transit fees unchanged for 2011
CAIRO: Egypt's Suez Canal Authority said on Thursday it was leaving its transit fees unchanged until the end of 2011. The Suez Canal, unaffected by political turmoil in Egypt, is…
Workers declare Independent Labor Union
By Tamim Elyan CAIRO: A number of independent workers' syndicates announced Wednesday the official launch of the Independent Labor Union as an alternative to the official state-controlled Egyptian Trade Union…
Three prisoners killed during failed jail break
CAIRO: Police opened fire on prisoners trying to escape from a prison in northern Egypt on Wednesday, killing three and wounding eight, security officials said. None of the prisoners escaped…
Arabs consider a no-fly zone over Libya
CAIRO:Arab foreign ministers on Wednesday condemned Libyan leader Moammar Qaddafi’s bloody crackdown on his own people, and said they would consider imposing a no-fly zone over the country in the…