EU’s Ashton seeks financing for North Africa reform
BRUSSELS: The European Union's foreign policy chief is seeking at least €2.5 billion ($3.38 billion) of extra funding to help support reforms in Tunisia, Egypt and other countries in North…
Lecico says workers given ‘significant’ pay rise
CAIRO: Egyptian ceramics maker Lecico has negotiated a new deal with workers that includes a significant increase in pay after they stopped work in a general strike on Feb. 12…
Pachin six-month net profit up 10 percent
CAIRO: Egyptian paintmaker Pachin's six-month net profit rose 10 percent to LE 94.2 million ($16 million). Net sales at Egypt's largest listed paintmaker rose 2.4 percent to LE 368 million…
Suez Canal traffic disrupted after ship runs aground
CAIRO: Traffic through Egypt's Suez Canal has been disrupted since 0800 GMT on Tuesday after a ship ran aground due to engine failure in bad weather, a maritime source said.…
Suez Cement shuts down Helwan factory
CAIRO: Suez Cement has closed its factory in Kafr El-Elow temporarily until stability returns to the area, located in Helwan governorate, the company said in a statement. The precautionary move…
Muslim Brotherhood plans to set up party
CAIRO: Egypt's Muslim Brotherhood says it will set up a political party once restrictions are lifted that prevented it and other groups from doing so under President Hosni Mubarak.…
ElBaradei says Egypt needs president in 40s or 50s
By Reuters CAIRO: Reformer Mohamed ElBaradei, a former Nobel Laureate, said his personal goal was to help build a democratic Egypt rather than bid for the presidency, and said the…
Europe decides on Egypt asset freeze
BRUSSELS: EU ministers Tuesday debate Egypt's request to freeze the assets of leading members of president Hosni Mubarak's regime while considering proposals to increase aid and investment in the Arab…
Bahrain Shia opposition boycotts parliament
MANAMA: The largest Shia opposition bloc on Tuesday said it was freezing its participation in Bahrain's parliament due to the "brutal" use of force in Bahrain protests. Two Shia protesters…
Iran police confirm one dead in protests
TEHRAN: Iran police Tuesday confirmed the death of one person in shooting that erupted during anti-government protests in Tehran and said a number of people were wounded, including nine security…