Shikabala extends Zamalek deal
CAIRO: Shikabala has put an end to widespread speculation over his future by signing a contract extension with the Cairo club, said Zamalek's football director Ibrahim Hassan. "Shikabala has already…
Power cuts and high prices spark Ramadan ire in Egypt
CAIRO: Power and water cuts, soaring costs, scorching heat and anxiety over the country's supply of wheat are causing frustration in Egypt during the Muslim holy month of Ramadan. Angry…
Egypt UN officials, civil society celebrate World Humanitarian Day
CAIRO: United Nations officials and members of the Egyptian civil society gathered at the United Nations Information Center in Egypt last Thursday to celebrate World Humanitarian Day and recognize the…
Zain Saudi floats capital restructuring plan
RIYADH: Zain Saudi Arabia, the kingdom's third mobile operator, offered shareholders to cut its capital by almost half to cover accumulated losses, and later launch a rights issue to raise…
Foreign banks eye Kuwait’s $104 bln plan: report
KUWAIT: Foreign banks operating in Kuwait want to participate with local lenders in financing a 30 billion dinar ($104.1 billion) development plan aimed at boosting its private sector, state agency…
Ex-Chevron head appointed to Aramco board
RIYADH: Saudi Arabia's king has appointed the Chevron Corp.'s former chairman as a board member of Saudi Aramco, the country's state-run oil giant. David O'Reilly's appointment, reported by the Saudi…
Mubarak accepts invite for Mideast talks
CAIRO: President Hosni Mubarak accepted an invitation to attend the start of direct peace talks between Israeli and Palestinian leaders in Washington next month, a newspaper reported on Saturday. "President…
Five years on, Hamas aims to make Gaza settlements bloom
AL-MUHARARA: Dozens of coffee shops and tiny eateries have popped up along this stretch of Gaza's southern coastline which was once a popular swimming beach for the Jewish settlers of…
Kuwait monitors pro-Iran sleeping cells: report
KUWAIT CITY: Kuwait is closely monitoring "sleeping terror cells" that would resort to violence if Iran came under a military strike, a newspaper quoted a security source as saying on…
Islamist insurgents step up campaign against WFP in Somalia
MOGADISHU: Hard-line Islamist insurgents in Somalia have intensified their campaign to stop humanitarian supplies being distributed by the World Food Program (WFP) by issuing tough warnings against people who work…