AUC president: Campus illegally used by security forces on Jan. 28
CAIRO: In a statement released by the president of the American University in Cairo Monday, President Lisa Anderson clarified that AUC has its own security staff and “does not…
Stranded Egyptians sail home on German warships
GABES, Tunisia: After being robbed by Libyan soldiers and huddling in a transit camp on the Tunisian border for several days, some 400 laborers fleeing Libya found themselves on perhaps…
Arab Cotton Ginning July-Dec profit jumps
CAIRO: Egyptian textiles firm Arab Cotton Ginning's 2010 July-December net profit jumped to LE 56.2 million ($9.5 million) from 20.7 million for the same period of 2009, the firm said…
Tanta lawyers convicted with assaulting prosecutor released
CAIRO: The two Tanta city lawyers convicted with assaulting and insulting a local prosecutor were released Sunday, Lawyers’ Syndicate board member Mohamed Abdel-Ghaffar told Daily News Egypt Monday. Prosecutor General…
Maridive 2010 net profit falls 23 percent
CAIRO: Egypt's Maridive and Oil Services, the biggest oil services firm by fleet size in the Middle East, said its 2010 net profit fell 23 percent to $61.8 million. The…
Global central banks point to more acute price risks
BASEL: A spike in food and oil prices has made the threat of inflation more acute, leading central banks said on Monday, but they warned tightening of policy in response…
Veteran diplomat is new face of Egypt
By AFP CAIRO: Egypt’s newly appointed foreign minister Nabil El-Araby is a respected veteran diplomat who joined the Camp David negotiations that yielded a peace deal with Israel. El-Araby was…
Dollar on backfoot; jobs data fails to impress
SYDNEY: The dollar struggled against a basket of major currencies early in Asia on Monday after failing to get a boost from data showing a rebound in US jobs, while…
Middle East, North Africa bourses lost $140 bln amid unrest
ABU DHABI Mar: Stock markets in Middle East and North Africa lost $140 billion in market capitalization during the last five weeks as political unrest sweeping through the region left…
Nearly 3 pct of global gas supply at risk: Goldman
LONDON: Nearly 3 percent of global gas supply could be at risk of disruption in North Africa and the Middle East, according to investment bank Goldman Sachs. About 10 billion…