Statoil sends Mexico Gulf rig to drill off Egypt
Norway's oil and gas producer Statoil has sent a Transocean rig it had contracted for drilling in the US Gulf of Mexico to Egypt. Deep-water drilling in the Mexico Gulf…
Egypt extends rice export ban until Oct. 2011
Egypt will extend a ban on rice exports until October 2011, a board member at the Egyptian Agricultural Export Council said on Tuesday. Egypt had first imposed an export ban…
Egypt delays meeting on TMG land case: Cabinet
Egypt's cabinet has delayed until early next week a meeting planned for Wednesday that had been expected to offer a legal solution to Talaat Moustafa Group's (TMG) land row, the…
Geddo set to miss Esperance clash
CAIRO: Ahly striker Geddo will be sidelined for at least two weeks and is set to miss next month's Champions League semi-final with Esperance due to a knee injury. The…
Serme upsets world number two Duncalf
SHARM EL SHEIKH: Camille Serme, the finest woman squash player yet to emerge from France, will face off against Omneya Abdel Kawy, the fourth seeded Egyptian with the brilliant front…
Saudi Arabia: Prospects for mining
The potential of non-oil underground resources, such as aluminum ore and other minerals, is boosting interest in the Kingdom's mining sector. Saudi Arabia is on the verge of a non-hydrocarbons…
Mirror, mirror, on the screen
NEW YORK: Suppose a group of workers frequently communicate among themselves, and then suddenly one of them gets left off all the “copy-tos.” “It could be that they’re planning a…
Malaysia sets ambitious $444 billion investment target
KUALA LUMPUR: Malaysia has set an ambitious target of luring $444 billion of investments over the next decade, unveiling plans to blanket the country with broadband, develop nuclear energy and…
Politics and corporate money
CAMBRIDGE: A recent decision issued by the United States Supreme Court expanded the freedom of corporations to spend money on political campaigns and candidates — a freedom enjoyed by corporations…
EU offers 1.3 billion dollars to reduce poverty
UNITED NATIONS: European leaders have offered one billion euros (1.3 billion dollars) at the Millennium Development Goals (MDGs) summit here, amid mounting calls for money to pay for the battle…