Israel cannot put Gaza responsibility on Egypt, says Mubarak
CAIRO: Egyptian President Hosni Mubarak on Wednesday rejected what he said were Israeli attempts to escape responsibility towards the blockaded Gaza Strip and place it on Egypt. "We are exerting…
Burnt market owners, residents braced for evacuation
CAIRO: A day after a fire razed to the ground a busy market in Sayeda Aisha, families that worked and lived in the neighborhood braced themselves Wednesday for the government…
Finnish defense firm in Egypt bribery case
Finland is to bring bribery and accounting fraud charges against a unit of state-controlled defense group Patria linked to an arms deal in Egypt. The Office of the Prosecutor General…
Air Arabia takes off to Amman
Low cost carrier Air Arabia began its services to Amman, Jordan from its third hub in Alexandria. Roundtrip flights will operate four times per week between Air Arabia’s hub in…
Second autopsy report on Khaled Saeid upholds previous results
By Sarah Carr CAIRO: A preliminary report of the second autopsy performed on the body of alleged victim of police beating Khaled Saeid has upheld the findings of the original autopsy.…
Egypt pays state firm $180 mln in sugar subsidies
Egypt's Finance Ministry has agreed to pay a state-owned sugar company LE 1 billion to cover the cost of sugar subsidies in the year to June 30, the state news…
Dubai's Amlak, Tamweel results signal turnaround
DUBAI: Earnings at troubled Dubai mortgage firms Amlak and Tamweel improved in the first quarter, the companies said on Tuesday, potentially clearing the way to mergers or takeovers. Trading in…
Court ruling does not cancel Medinaty deal: minister
The Egyptian Minister of Housing said Wednesday that local developer Talaat Moustafa's major real estate project Medinaty could continue despite a court ruling that a government body had sold land…
Egypt leads regional drop; markets snap rally
Egypt's main index EGX 30 dropped the most in nearly a month on Tuesday, led by developer Talaat Moustafa, while most Middle East markets fell as investors booked profits after…
Kuwait sees progress in talks with foreign oil firms
LONDON: Kuwait is making progress in talks on technical service agreements with international energy companies and discussions on one or more could be finished this year, a senior oil official…