Oil up over $2 at $111, helped by bargain hunters
LONDON: Oil rebounded by more than $2 on Monday due to bargain hunting after Brent crude lost almost $17 last week, but earlier bigger gains were pared after S&P cut…
Boeing sees short term oil price, Mideast impact
DUBAI: Plane maker Boeing said on Sunday that high fuel prices and the social unrest in the Middle East may have an impact on the orders it receives from the…
ECRA brings experts to discuss economic developments
CAIRO: The Egyptian Association of Credit and Risk (ECRA) will bring together local and international experts on May 10 to discuss the political and economic developments in Egypt. Ahmed Shaheen,…
Thomas Cook reports loss on Egypt, Tunisia unrest
LONDON: Thomas Cook announced on Monday net losses of £200 million in the first half as the British travel group was hit by unrest in key tourist spots Egypt and…
US eyes ways to support battered Egypt economy
CAIRO: The United States is studying ways to support Egypt's economy following Hosni Mubarak's overthrow, the US embassy said on Monday after a US newspaper said Washington had decided to…
Egypt to uphold verdict that Palm Hills illegal
CAIRO: Egypt's government will uphold a court ruling to scrap a sale of state land to developer Palm Hills but will ensure ordinary Egyptians are not hurt, the housing minister…
OHC moving forward with Haram Life
By Reem Abdellatif CAIRO: Orascom Housing Communities (OHC) is currently developing the new phase of Haram City, its flagship low-income housing project. The newest phase, called Haram Life, spans 504,000 square…
Train shooter transferred to psychiatric hospital
CAIRO: The Minya State Security Emergency Court decided to transfer a police deputy accused of shooting at train passengers last January, to a psychiatric hospital to determine his “mental status.”…
UAE condemns religious bloodshed in Egypt
DUBAI: The United Arab Emirates on Monday condemned in the "strongest terms" the attacks against a church in the Egyptian capital where 12 people were killed and scores wounded in…
Media slam sectarian killings
By AFP CAIRO: Egypt's media on Monday slammed what it said were "anti-revolutionaries" trying to trigger sectarian violence, which Nobel peace laureate Mohamed ElBaradei labeled "religious extremism of the Middle…