SCA scours bed of Lake Qarun in search of antiquities
CAIRO: Egyptian experts have begun to explore the depths of Lake Qarun south of Cairo using remote sensing radars in search of sunken artifacts, antiquities officials told AFP on Wednesday.…
Mubarak says economy is Egypt’s top priority
CAIRO: President Hosni Mubarak said Thursday improving economic growth and dealing with social disparities were top priorities for the Arab world's most populous nation, challenging his political opponents to take…
Dubai World restructuring could trigger Gulf gains
LONDON/DUBAI: Pivotal talks this week on restructuring the debts of Dubai World could be a trigger for investors to return to the Gulf region, under a cloud since the state…
Jordan budget gap shrinks as spending curbs bite
AMMAN: Jordan's budget deficit more than halved in the first five months of the year as the government maintained a freeze on non-essential capital spending, finance ministry sources said on…
Confidence is high among small businesses globally, says poll
HONG KONG: Many small businesses around the world, especially in Turkey and the Middle East, plan to boost investment and hiring, a survey showed on Wednesday, at a time when…
Oil rises above $78 on economic growth optimism
LONDON: Oil rose above $78 a barrel on Wednesday after Tuesday's strong US corporate earnings raised optimism over the strength of economic recovery in the world's largest economy. US crude…
Chevening scholarship works on expanding reach
CAIRO: Mostafa Kamal became the first visually-impaired Egyptian to get the British Chevening Scholarship. Last year he did his master’s in disabilities studies at Leeds University. The program that sponsors…
One killed, ten wounded in Israeli strike on Gaza, say medics
GAZA CITY: A Palestinian was killed and 10 others were wounded on Wednesday by an Israeli strike in the northern Gaza Strip, according to medics and witnesses. Dr Muawiya Hassanein,…
Shawky to rejoin Ahly
CARIO: Mohamed Shawky is set to rejoin Ahly this summer, according to the player's agent. Shawky has terminated his contract with Turkish side Kayserispor over late wages but he failed…
One dead, dozens injured in southern Iran quake, say reports
TEHRAN: A 5.8 magnitude earthquake shook southern Iran early Wednesday, killing one person, injuring dozens and damaging houses in four villages near the town of Lamerd, media reports said. State…