Egypt, Tunisia tout revolutions as tourism draw
BERLIN: Beaches, ancient sites, guaranteed sun — and a tang of revolution in the air: Egypt and Tunisia are banking on their recent unrest to pull back the tourists that…
ADM says no major disruption to Mideast grain ships
CHICAGO: US agribusiness Archer Daniels Midland said on Wednesday it has experienced no serious disruptions to grain and agricultural product shipments to the Middle East and North Africa. "Issues are…
Unrest costs Middle East, North Africa markets $90 bln: Markaz
The Middle East and North Africa markets have lost nearly $90 billion year-to-date, mostly due to rising tension in Libya, according to analysts at Kuwait Financial Center (Markaz), who expect…
Muslims end Helwan village sit-in as Copts’ protests continue at Maspero
By Tamim Elyan CAIRO: Muslim villagers in Etfeeh ended their sit-in Thursday after a visit by a delegation of Muslim and Coptic figures calling for the return of calm to the…
Deputy says he isn’t worried about Egyptian pound
CAIRO: The deputy governor of Egypt's Central Bank is voicing optimism about the economy, saying the country's currency is trading in a tight range. Hisham Ramez says that while the…
Egypt says to press ahead with nuclear tender
CAIRO: Egypt's Electricity Minister said the country would go ahead with a tender for the construction of its first nuclear power plant despite recent political unrest, a government Facebook page…
Egypt, England, Aussies reach squash semis
CHENNAI, India: Title favorite Egypt and defending champion England booked semifinal slots in the squash World Cup on Wednesday. Top-ranked Egypt swept aside Sri Lanka and France 3-0 both times…
Gold rises as MidEast, euro quell risk appetite
LONDON: Gold rose on Wednesday, supported by investor concern over the violence across the Middle East and the resurgence of discomfort over the euro zone's finances ahead of a key…
PHD offers to pay price difference for land
CAIRO: Palm Hills Development Chairman and CEO Yasseen Mansour has offered to pay LE 272 million as a “compensation for lost revenue” in the case brought against the firm…
Egypt’s inflation eases in February as prices stabilize
CAIRO: As food price inflation decreased to 18.2 percent in February from 18.9 percent the previous month, annual urban inflation also fell slightly to 10.7 percent from 10.8 percent in…