DP to expand Ain Sokhna Port
DP World will invest a total of LE 500 million to increase capacity of Ain Sokhna port. The company will take a LE 250 million loan from Commercial International Bank,…
Israel working out details of flotilla raid probe
JERUSALEM: Israel was working out details on Wednesday of a limited internal investigation into its deadly raid on a Gaza-bound flotilla and reportedly was considering easing its blockade of the…
Cargill Russia wheat ship to Egypt delayed: traders
A shipment of Russian wheat destined for a private wheat buyer in Egypt and handled by international commodity trade house Cargill has been delayed at a Russian port, European traders…
Egypt gives ArcelorMittal plant construction deadline
Egypt's Industrial Development Authority has given ArcelorMittal, the world's largest steel maker, an August deadline to start building work on a steel plant or lose its license, an official said…
Egypt regulator to appeal connection fee ruling-paper
Egypt's telecoms regulator will take further legal action to lower the fee Egypt's landline monopoly Telecom Egypt must pay to connect fixed-line calls to mobile phones, a newspaper reported on…
Mosque desecrated in northern Israel
JERUSALEM: Menacing Hebrew graffiti was found on a mosque outside the Israeli city of Haifa on Wednesday, a religious foundation said, amid rising threats against leaders of the country's Arab…
Egypt index inches up, OT and Ezz lead
Egypt's benchmark index edged up 0.6 percent, led by heavyweights Orascom Telecom (OT) and Ezz Steel as improving European markets brighten sentiment on Egyptian stocks. OT gained 1.2 percent, while…
French navy begins rebuilding Iraq ties with port call
UMM QASR: At Iraq's southernmost tip, windswept sands and oppressive heat greeted a once-familiar visitor — a French naval vessel, making port in the country for the first time in…
Leading Iran woman journalist gets 30-year ban from writing
TEHRAN: Iran has sentenced award-winning woman journalist Jila Baniyaghoob to jail for one year and banned her from writing for 30 years over post-election unrest, a newspaper reported on Wednesday.…
As record sales drop, singers share spotlight at festivals
Javi Amaro has ridden a mechanical surfboard, performed karaoke and had a bite to eat — but four hours after arriving at one of the world's biggest music festivals he…