EU, Arab League discuss tripartite summit
CAIRO: EU foreign policy chief Catherine Ashton on Monday discussed a proposal to hold an Arab, African and European summit to discuss Middle East developments, in talks with Arab League…
Israeli navy intercepts Egypt-bound ship with arms
JERUSALEM: The Israeli navy intercepted an Egyptian-bound ship carrying a large delivery of weapons off the country's Mediterranean coast on Tuesday, saying the arms had been sent by Syria to…
New delay in resuming Egypt gas flow to Israel
JERUSALEM: Shipments of Egyptian gas to Israel, due to resume this week after being cut off after a Feb. 5 attack on a Sinai pipeline, have been delayed again, one…
Law center files lawsuit to dismantle State Security
CAIRO: A legal rights NGO filed a lawsuit Monday before the administrative court asking to dismantle the state security investigations services. The Hisham Mubarak Law Center filed the lawsuit on…
Brent crude bounces on Mideast unrest
LONDON: Brent crude prices bounced back up on Monday on continued unrest in oil rich North Africa and the Middle East, after falling to two-week lows on concerns over the…
Egypt to continue free market economy rule, ensure social justice
CAIRO: Prime Minister Essam Sharaf said Sunday Egypt will continue to be a free market economy, but that this will be accompanied by policies that achieve social justice and welfare.…
Misr Cement Qena 2010 profit up 21.6 pct
CAIRO: Egypt's Misr Cement Qena posted a 21.6 percent rise in full year 2010 net profit to LE 428.3 million ($72.38 million), the stock exchange said on Sunday. Net profit…
NBAD exposure to Egypt and Libya over $400 mln
ABU DHABI: National Bank of Abu Dhabi has a $377 million exposure to Egypt and $51 million to Libya, but the lender's CEO said this was not cause for concern.…
World at risk of another food crisis: FAO
ABU DHABI: Surging global prices of basic foodstuffs raise the risk that the food crisis of 2007-2008 in developing countries will be repeated, the head of the UN's Food and…
Egypt says Juhayna, others violate competition law
CAIRO: Egypt's anti-competitive watchdog said dairy and juice maker Juhayna and two other firms had violated competition laws and fixed prices of raw milk bought from farmers, the authority said…