Egypt’s wheat bill up, but bread riots unlikely
CAIRO: Egypt, the world's biggest wheat importer, faces a higher bill for bread subsidies in the next year but has adequate financial resources and stocks to avoid any rerun of…
Egypt’s foreign reserves rise to $35.53 bln at end-Aug
Egypt's net foreign reserves rose to $35.53 billion in August, from $35.28 billion a month earlier, the Central Bank of Egypt said on its website on Tuesday. Net foreign reserves…
Orascom Devt to build hotels worth $245 mln: paper
Egypt's Orascom Development will build two Four Seasons-branded hotels, one in an Egyptian resort and the other in Oman, by second-half 2011 for a total investment of $245 million, a…
Egypt’s OCI wins $675 mln Qatar project
A unit of Egypt's Orascom Construction Industries (OCI) won a $675 million contract to build an additional phase of Doha Convention Center and Tower in Qatar, further expanding in the…
Egypt, China eye joint oil services firm: agency
Egypt is studying setting up a company with China Petroleum & Chemical Corp (Sinopec) to provide oil services in Egypt, the Middle East and Africa, Egypt's state news agency cited…
Vimpelcom not obliged to buy OT minority shares-paper
Russia's Vimpelcom would not be obliged to buy out minority shareholders in Orascom Telecom (OT) should it purchase a stake in the Egyptian firm, a local paper on Wednesday quoted…
Angelina Jolie meets flood victims in Pakistan
American movie star Angelina Jolie met flood victims in northwestern Pakistan and appealed to the international community to provide aid needed to help the country recover from its worst natural…
The xx win Britain’s Mercury Prize for debut album
Electronic band The xx have scooped prestigious British music award the Mercury Prize for their debut album "xx", beating off stiff competition from a host of top acts. Judges handed…
Iglesia wants to ‘exorcise’ Spain’s past with ‘Sad Trumpet’
With his dark comedy "A Sad Trumpet Ballad," screened Tuesday at the Venice film festival, Alex de la Iglesia said his aim was to "exorcise" the enduring pain of the…
Italian film documents trauma of Iraq war veterans
A new documentary being shown out of competition at the Venice Film Festival explores the trauma of three US war veterans who served in Iraq and how the military handled…