Egypt may add Poland, Romania to its list of wheat providers
Egypt, the world’s biggest wheat importer, may add Romania and Poland to its list of approved providers as it seeks greater competition and lower prices for the grain, reported…
Dana key well disappoints, makes two oil finds
British oil and gas exploration and production company Dana Petroleum said the Bamboo well off the coast of Egypt did not find oil, sending its shares down, although it made…
Amr Waked announced first UNAIDS Goodwill Ambassador
CAIRO: Egyptian actor Amr Waked was named the first UNAIDS Goodwill Ambassador for the Middle East and North Africa region by the Joint United Nations Program on HIV/AIDS. “This is…
Vodafone's Egypt unit to pay LE 12.50 dividend
The Egyptian unit of global mobile network operator Vodafone approved a LE 12.50 ($2.26) per share dividend on Wednesday, major shareholder Telecom Egypt said. Egypt's landline monopoly has a 45…
UAE economy is fine, says Dubai ruler
DUBAI: Dubai ruler Sheikh Mohammed bin Rashid Al-Maktoum has said that the economy of the United Arab Emirates is doing fine and that the worst for Dubai is over. In…
Egypt sees economic growth, FDI rising in 2010/11
Egypt aims to attract about $8 billion in foreign direct investment (FDI) and boost economic growth to 5.8 percent in the fiscal year that begins July 2010, the Economic…
Banking hub Bahrain faces grim outlook
MANAMA: Bahrain needs to reinvent itself as a financial centre if it wants to return to growth and remain a destination for the region's oil wealth after the financial crisis…
Opposition groups, MPs protest alleged forgery of Shoura Council poll results
CAIRO: Dozens of opposition activists and a number of MPs gathered Thursday outside the People’s Assembly headquarters in downtown Cairo to protest against the alleged forgery of the Shoura Council…
Souq El-Gomaa fire leaves residents feeling helpless
CAIRO: As Egyptian authorities clear the debris of the Souq El-Gomaa fire, the area’s residents, who were asked to evacuate, are stuck between a rock and a hard place. “This…
US and England qualify from Group C
PRETORIA, South Africa: Landon Donovan scored in injury time as the United States advanced to the round of 16 with a 1-0 win over Algeria in a stunning climax to…
