NBE, NUCA to sell medium-term bonds-sources
Egyptian state-owned National Bank of Egypt (NBE) and New Urban Communities Authority (NUCA) plan to sell medium-term bonds in the coming weeks, two people familiar with the transactions said on…
Suspected Qaeda leader among nine dead in Yemen clashes
SANAA: Al-Qaeda militants in an off-road vehicle attacked a foreign-run oilfield in Yemen sparking clashes in which six soldiers and three jihadists, one of them a top commander died, officials…
Cairo University film students go 3-D
A n audience of students, parents and professors took off their 3-D glasses and cheered loudly for the winning team in a contest with a big twist. For the 13 students…
Orascom Tel helps boost Egypt index
CAIRO: Egypt's main index inched up, helped by Orascom Telecom, which has gained 6.5 percent since Algerian ministers said in parliament on Thursday talks would soon begin with the Egyptian…
Oil eases further below $79, awaits US numbers
LONDON: Oil fell moderately on Monday as Tropical Storm Bonnie faded over the Gulf of Mexico, but trading was cautious ahead of US economic and corporate earnings data. Oil traders…
EU hits Iran with new sanctions, urges nuclear talks
BRUSSELS: The European Union hammered Iran on Monday with fresh sanctions against its vital energy sector as Brussels cranked up pressure on Tehran to resume talks on its disputed nuclear…
Suez Canal revenue, traffic up; upgrade helps
ISMAILIA: Egypt has deepened its strategic Suez Canal to ensure the biggest ships will be able to pass between the Red Sea and the Mediterranean as its revenue, traffic and…
Comic-Con closes after four days of pop culture fun
Light cycles, wizards, vampires and superheroes made for another colorful Comic-Con. San Diego's annual pop-culture convention wrapped up Sunday after four days of comic books, costumes, celebrity appearances and TV…
Israel to hit Lebanon if Hezbollah attacks, says defense minister
WASHINGTON: Israeli Defense Minister Ehud Barak warned that Israel will strike directly at Lebanese institutions if the group Hezbollah launches rockets at Israeli town, in an interview published Monday. Barak,…
Security axe Central Sinai conference, governor in hot water after comments
CAIRO: Security forces implemented a tight security cordon on the roads leading into Central Sinai to thwart a press conference Sunday while the fallout from comments made by the North…
