Arab Cotton Ginning 2009/10 profit jumps
Egyptian textiles company Arab Cotton Ginning posted net profit of LE 205 million ($36 million) for the fiscal year to the end of June, the stock exchange said on Monday.…
Vimpelcom mulls issuing pref shares for Sawiris deal
Vimpelcom may issue new preferred shares to public investors as well as to Naguib Sawiris' Weather to gain support for its possible acquisition of the Egyptian tycoon's assets, two sources…
Egypt FDI slips 16 pct as oil investment dips
Foreign direct investment in Egypt fell 16 percent for the fiscal year 2009/10, pulled lower by slowing inflows to the oil and gas sector, the Investment Ministry said on Monday.…
Asia shrugs off global banking shake-up
HONG KONG: Asian banks' shares rallied on Monday as regulators and investors shrugged off the biggest revamp to global banking rules in decades, confident that regional lenders were already in…
Dilemmas loom ahead of next round of Middle East talks Tuesday
JERUSALEM: Both Israel and the Palestinians face dilemmas this week as direct talks recently relaunched in Washington hang in the balance over the looming expiration of an Israeli settlement moratorium.…
Qatar hoping to prove it can host a cool World Cup
DUBAI: Qatar has promised it will keep fans and players cool if it wins the right to host the 2022 World Cup. This week, it will get a chance to…
Tens of thousands held without trial in Iraq jails, says amnesty
BAGHDAD: Tens of thousands of detainees are being held without trial in Iraqi prisons and face violent and psychological abuse as well as other forms of mistreatment, Amnesty International said…
Afghan poll candidate ‘on the front line of war for women’
HEART: Fawzya Gailani says her husband beat her when she won a seat in Afghanistan's parliament. He was jealous that she won more than 14,000 votes in the country's first…
Church school torched in Indian Kashmir in Koran protest
SRINAGAR: An angry mob protesting against a group of Christians who tore up pages of the Koran in Washington torched a missionary school in Indian Kashmir on Monday, police said.…
UN atomic watchdog examines Iran, Syria probes
VIENNA: The UN atomic watchdog convened Monday to discuss the latest developments in its long-running probes of disputed nuclear drives in Iran and Syria, with Chief Yukiya Amano set to…