Expert blames Sharm attack on illegal shark feeding
SHARM EL-SHEIKH: Illegal feeding may have sparked a rampage by a killer shark that has terrorized holidaymakers in Egypt's popular Red Sea resort of Sharm El-Sheikh, a marine expert said…
Egypt’s Alcotexa sells 1,209 T cotton in past week
CAIRO: Egypt's Alexandria Cotton Exporters' Association (Alcotexa) committed to sell 1,209 tons of cotton in the week that ended on Dec. 4, an Alcotexa official told Reuters on Sunday. The…
Egypt 91-day, 182-day T-bills average yield rise
CAIRO: CAIRO: The average yield on Egyptian 91-day Treasury bills rose to 9.031 percent at an auction on Sunday from 8.681 percent at the last auction on Nov. 21, the…
Egypt stock index edges up, led by OCI, Ezz Steel
CAIRO: Egypt's main index inched up by midsession, led by Orascom Construction Industries (OCI) in the belief that it may win new contracts in Qatar, which was just chosen to…
Egypt’s consumer boom tempts foreign investors
CAIRO: The owners of Cairo's CityStars mall like to compare it to a Pharaonic temple, and its cavernous halls and acres of cream marble might have stirred jealousy in the…
Experts debate role of banks in supporting competitiveness
CAIRO: “Financing the private sector is a real problem in Egypt, and would have at a faster rate if financing was more readily available to medium and smaller companies,” said…
Polanski’s ‘Ghost Writer’ steals the show at Europe’s Oscars
Roman Polanski's political thriller "The Ghost Writer" swept the board Saturday at the European Film Awards, the continent's version of the Oscars. The movie won six of the seven categories…
Gates visits Oman; Iran, Yemen on agenda
MUSCAT: Tensions with Iran and the escalating terror threat in Yemen will be key topics of discussion when US Defense Secretary Robert Gates meets Sunday with leaders in Oman here…
Israel says battle against deadly blaze almost over
JERUSALEM: Firefighters have almost put out the deadly blaze which has swept a forest in northern Israel after a four-day battle aided by aircraft from the around the world, a…
German journalists held in Iran not accused of spying, says aide
BERLIN: Two German journalists arrested in Iran in October are not facing charges of spying, a senior aide to President Mahmoud Ahmadinejad was quoted in a German newspaper Sunday as…