El Kahera Housing bucks Egypt losing trend
CAIRO: El Kahera Housing led gains in Egypt's main index on market talk the firm is the target of an acquisition and is eyeing buying new land. Traders said Egyptian…
Egypt’s monthly growth in NIR stable
Monthly growth in Egypt’s Net International Reserve (NIR) position has remained relatively stable in July 2010, inching up by 0.16 percent to $35.27 billion compared with $35.22 billion in June…
Abbas, Barak held secret meeting in Jordan, says Israeli media
JERUSALEM: Palestinian president Mahmoud Abbas and Israeli Defence Minister Ehud Barak have met secretly in Amman ahead of Middle East peace talks that start in Washington this week, Israeli media…
Egypt pound hits new 3-1/2 yr low to dlr
The Egyptian pound traded as low as 5.7055 to the dollar on Tuesday, its weakest since January 2007. "Foreigners are going out of the stock exchange," said a forex dealer…
Algeria to start valuing Orascom unit soon: report
A commission chosen by Algeria will start evaluating next month how much Algeria should pay to acquire the local unit of Egyptian operator Orascom Telecom, an Algerian newspaper reported on…
Egypt end-July money supply LE 922.6 bln
Egypt's M2 money supply rose to LE 922.6 billion ($161.7 billion) at the end of July from LE 917.5 billion at the end of June, the central bank said on…
Egypt PPI rises 10.36 pct in year to July
Egypt's producer price index rose 10.36 percent in the 12 months to July, figures on the website of the state statistics agency CAPMAS showed on Friday. The government started the…
Libyan leader seeks EU cash to prevent “black Europe”
ROME: Libyan leader Moamer Kadhafi, on a visit to Rome, said Monday the EU should pay Libya "at least five billion euros a year" to stop clandestine immigration and avoid…
Dutch arrest two men on US flight amid reported terror plot
AMSTERDAM: Two US residents of Yemeni descent have been arrested in Amsterdam after flying in from Chicago and staging what officials fear may have been a dry run for a…
Armed insurgents, a quandary for Lebanon, US
BEIRUT: It started with a dispute over a parking space and erupted into a four-hour street war between Hezbollah and a rival militia, with masked snipers running through alleyways and…
