Oil firms to around $77 ahead of US stocks data
LONDON: Oil rose to around $77 per barrel on Tuesday, supported by firmer stock markets and expectations of a drop in US crude inventories. European shares were slightly…
Ezz acquires LE 2.2 bln loan for Suez factory
Ezz Steel said Tuesday that it has acquired a LE 2.2 billion loan for the construction of a facility in Suez, which represents 70 percent of total required financing,…
ASEC Cement begins production at Sudan plant
ASEC Cement said Tuesday that it began production at the $252.7 million Takamol greenfield cement plant in Sudan, according to a statement. The plant’s remote location, on the…
Zawahri slams Arab leaders as ‘Zionists’ in new tape
DUBAI: Al-Qaeda number two Ayman Al-Zawahri slammed Arab leaders as "Zionists" who are helping Israel's siege of the Gaza Strip, in his first message since December posted online Monday. He…
Brazil eyes Arab world for car exports growth
The Brazilian car making industry, ranked among the largest in the world, is targeting growth in the Arab market, a senior official has said, according to Arabian Business. …
Eastern FY profit up 2.6 pct to $150 mln
Cigarette maker Eastern Company posted a 2.6 percent rise in net profit to LE 851.9 million ($150 million) for the year to end-June, helped by a late scramble to avoid…
TV presenter shoots wife dead
CAIRO: An Egyptian television presenter killed his wife after a domestic argument in which she accused him of having an affair, a police official said on Monday. Ehab Salah, a…
US gay rights group gets UN accreditation; Egypt votes ‘no’
UNITED NATIONS: The UN Economic and Social Council voted Monday to accredit the US-based International Gay and Lesbian Human Rights Commission after strong lobbying by the Obama administration. The group…
Geddo was benched for technical reasons, says Ahly assistant
CAIRO: Ahly assistant coach Mohamed Youssef says Mohamed “Geddo” Nagi didn’t take part in the Red Devils' 1-1 draw at Heartland due to technical reasons, saying the forward's drawn-out transfer…
Syria’s Assad meets ex-PM at centre of Iraq govt tangle
DAMASCUS: Syrian President Bashar Al-Assad held talks on Monday with former Iraqi premier Iyad Allawi who is at the centre of months of haggling over the formation of a new…