Israel's Barak cancels trip to Paris defense fair
JERUSALEM: Israeli Defense Minister Ehud Barak on Sunday cancelled a visit to the Eurosatory 2010 defense exhibition in Paris, his office said. "The minister cancelled his trip to Paris for…
US intelligence zeroes-in on Afghan corruption: report
WASHINGTON: US military intelligence in Afghanistan is increasingly focused on uncovering corruption among members of the Afghan government, security forces and contractors, the New York Times reported Sunday. A key…
Iran drafting bill on downgrading UN atomic agency ties: MP
TEHRAN: Iran's parliament is drafting a bill on downgrading ties with the UN atomic watchdog, a lawmaker said Sunday after the Islamic republic was slapped with fresh sanctions over its…
Arab chief condemns Gaza siege on landmark visit
GAZA CITY: Arab League chief Amr Moussa called Sunday for Israel's four-year siege on the Gaza Strip to be broken as he made a landmark visit to the impoverished Palestinian…
Egypt's Oriental Weavers to revise euro contracts
CAIRO: Egyptian carpet maker Oriental Weavers is negotiating to raise prices on some of its contracts with European importers following the euro's tumble against other currencies this year, the company…
Egypt's A.T. Lease to sell $100 mln in Islamic CMOs
CAIRO: Egypt's A.T. Lease is selling up to LE 570 million ($100 million) of Islamic collateralized mortgage obligations (CMOs), the first in Egypt to be split into separate tranches, the…
Etisalat to invest $1.4 bln in Egypt unit over 3 yrs
DUBAI: Abu Dhabi's Etisalat said on Saturday it planned to invest LE 8 billion ($1.41 billion) in its Egyptian unit over the next three years, as it eyes growth in…
OT sale talks continue after MTN deal fails, says paper
CAIRO: Orascom Telecom is still negotiating the sale of some of its African assets, a newspaper reported on Sunday, reviving hopes for a possible deal after failed talks with South…
Egypt's El Wadi Cement seeks license return, says report
CAIRO: Egypt's El Wadi Cement has filed a court case seeking to regain a production license that was cancelled over start-up delays, Al-Mal newspaper reported on Sunday. In November, the…
ANALYSIS: Rafah opening seen as PR move by government after flotilla attack
CAIRO: The government’s decision to keep the Rafah border crossing open indefinitely after the deadly Israeli raid on an aid flotilla brought the issue of the Gaza blockade to the…
