Oil falls below $68 on Europe concerns, US data
LONDON: Oil fell below $68 a barrel on Thursday to its lowest in nearly eight months, under pressure from concern that the euro zone debt crisis will cut both risk…
Facebook' for kids keeps parents in the loop
NEW YORK: Kids under 13 aren't allowed on Facebook, but that hasn't stopped many of them from joining. Togetherville, a social network for kids ages 6 to 10, hopes to…
Microsoft upgrade aims to make Hotmail cool again
SAN FRANCISCO: Microsoft Corp. is trying to make Hotmail cool again. The free Web mail service soon will be switching to a new approach that Microsoft hopes will give Hotmail…
Egypt 350-day T-bills average yield rises to 10.57 pct
CAIRO: The average yield on Egyptian 350-day treasury bills rose to 10.570 percent at an auction on Thursday from 10.312 percent at the last auction on April 22. The central…
Atlantis astronauts finally get to relax in orbit
CAPE CANAVERAL, Fla.: The Atlantis astronauts finally get a chance to relax in orbit, following two grueling spacewalks. Only one spacewalk remains for the shuttle crew, on Friday. The astronauts…
Oldest Mesoamerican pyramid tomb found in Mexico
MEXICO CITY: Archaeologists in southern Mexico announced Monday they have discovered a 2,700-year-old tomb of a dignitary inside a pyramid that may be the oldest such burial documented in Mesoamerica.…
Fighting bull cloned for 1st time in Spain
MELGAR DE YUSO, Spain: Scientists in Spain say they have cloned a fighting bull for the first time. Vicente Torrent, a specialist in veterinary genetics, says the newborn calf, named…
Citadel's Taqa Arabia in $140 mln project in Yemen
CAIRO: Taqa Arabia, an energy distribution subsidiary of Citadel Capital, said on Thursday it would install a $140-million power project in Yemen, as part of an expansion strategy in the…
Egypt stock index ends lower, Egyptian Resorts leads
CAIRO: Egypt's index extended its downward trend, sliding 1.04 percent, led by Egyptian Resorts, which tumbled 8.3 percent. Traders expect the index to rebound next week as cheap stocks whet…
Egyptian pound hits new 14-month low
CAIRO: The Egyptian pound weakened further against the dollar after having dipped on Wednesday to its lowest point since March 16, 2009. "The euro at this level remains expensive and…