Thriller writers analyze 100 must-read works
As a child, David Morrell was constantly afraid. His parents often quarreled. He also had to spend time in an orphanage. To escape from this harsh reality, he immersed himself…
Al-Azhar slams Quran-burning plan
CAIRO: The world's pre-eminent Sunni Muslim institution of learning has condemned a Florida church's plans to host a Quran-burning ceremony on Sept. 11. In a statement carried by local media…
Exiled Indian artist’s son keeps name alive with solo show
Owais Husain has the most recognizable surname in Indian art — his father, M.F. Husain, is the country's leading modern painter now living in exile after death threats from religious…
Telecom Egypt Q2 net rises 23 pct on data growth
CAIRO: Landline monopoly Telecom Egypt posted second-quarter net profit at the top end of analyst forecasts on Thursday as growing internet and data revenue offset weakness in its fixed-line voice…
Currency hopes fuel demand for Egypt T-bills
CAIRO: Foreign investors are moving back into Egyptian Treasury bills, pushing yields lower, in the hope that the Egyptian pound has finally bottomed out and may appreciate in coming weeks…
Vimpelcom eyes Italy’s Wind, Egypt’s Orascom: paper
Telecoms group Vimpelcom Ltd may buy Italy's No.3 mobile operator Wind and 51 percent of Egypt's Orascom Telecom from tycoon Naguib Sawiris, Kommersant reported on Thursday citing an unnamed source.…
South Valley declares cash dividend
South Valley Cement declared a cash dividend of LE 0.20 ($0.035) per share, the stock exchange said on Wednesday. The dividend will be paid on Aug. 30 to investors holding…
Apache completes $3.1 bln buy of some BP assets
Apache Corp. said Wednesday it has completed a $3.1 billion acquisition of oil and gas assets in west Texas and New Mexico from BP PLC. The acquisition is part of…
Ezz Dekheila Steel H1 net rises 44 pct
Egypt's Ezz Dekheila Steel, a unit of Ezz Steel, posted a 44 percent rise in its first-half net profit to LE 526.3 million ($92.6 million). The firm reported a net…
Orascom Telecom makes Q2 loss, Djezzy revenue down
Egypt's Orascom Telecom swung to an unexpected net loss of $41.4 million in the second quarter of 2010, with revenues from its Algerian unit down from a year ago. The…