Phase two of Upper Egypt-Red Sea road to cost LE 1.6 bln
CAIRO: The second phase of the Upper Egypt-Red Sea road will cost LE 1.6 billion, reported local newspapers citing Investment Minister Mahmoud Mohieldin. "The phase of upgrading the road to…
‘Dancing Auschwitz’ artist unbowed by criticism
An Australian artist who filmed her Holocaust survivor father and family dancing to Gloria Gaynor hit "I Will Survive" at Auschwitz said Thursday she was surprised but unbowed by…
‘Inception’ earns dreamy reception with $60.4 mln
Leonardo DiCaprio and Christopher Nolan's "Inception" is anything but a sleeper as the thriller opened big with $60.4 million and a No. 1 finish at the weekend box office,…
Pakistan urchins swap streets for art
Tanvir Ahmed was 11 years old when he ran away from home and got drawn into life as a sex worker on the streets of Karachi. Now he takes…
Weak market delays UAE’s first IPO of 2010, says source
DUBAI: The UAE's first IPO of 2010, scheduled for June by lead manager Shuaa Capital, will not take place before the fourth quarter due to the weak market, a banking…
Saudi’s SABIC upbeat despite Q2 profit worries
RIYADH: Saudi chemicals company SABIC said excess stocks should be less of a problem and prices were stabilizing in the second half as its shares fell on quarterly results that…
Lebanon is booming but no end to power outages
BEIRUT: On a typical night out in Beirut, glitzy nightclubs thrum with revelers, tourists pack breezy seaside restaurants and the lights from brand-new, million-dollar skyscrapers dot the horizon. But beneath…
Oil slips below $76 as economic outlook weighs
LONDON: Oil prices slipped below $76 a barrel on Monday as investors weighed a sharp drop in US consumer sentiment against early signs of improved oil demand. Analysts said oil…
Arabs call for pledges as Netanyahu, Abbas visit Cairo
CAIRO: Pressure intensified on Palestinian President Mahmoud Abbas and Israeli Prime Minister Benjamin Netanyahu to agree to direct talks as Egypt held separate back-to-back meetings with the two sides Sunday…
‘Legitimate concern’ over Sudan referendum, says Biden
WASHINGTON: The United States is working "full-time" to ensure Sudan's January referendum on southern independence will be free and fair, amid widespread concerns of fraud, Vice President Joe Biden said…