Egypt 'key driver' for oil and gas
US oil and gas explorer Apache announced its latest discovery in the Faghur Basin in the Western desert of Egypt encountered 105 feet of net hydrocarbon pay. Apache Corp. announced…
Faisal Islamic Bank to pay cash dividend
Faisal Islamic Bank of Egypt approved a dividend of LE 1.646 ($0.299) per share for stocks issued in Egyptian pounds and $0.3 for stocks issued in dollars, the stock exchange…
Ezz Dekheila Steel to pay cash dividend
Egypt's Al Ezz Dekheila Steel, a unit of Ezz Steel, approved a cash dividend of LE 37 ($6.72) per share, the stock exchange said on Sunday. The payment date will…
'Green Zone' misses the target
Amid the minor backlash that greeted “The Hurt Locker’s” Oscar in Egypt and some parts of the Arab world, a number of voices criticized Kathryn Bigelow’s combat drama — and…
Dennis Hopper gets Hollywood star
A bandaged and frail Dennis Hopper was surrounded by friends, family and colleagues Friday as he was honored with a star on Hollywood's Walk of Fame. The 73-year-old actor and…
Bombs kill 5 near house of Sunni candidate in Iraq
BAGHDAD: Several bombs exploded Sunday near the home of a prominent Sunni figure who ran in this month's parliamentary elections in Iraq, killing five people and wounding 26 others, a…
Israel PM blames Palestinians for stalled peace efforts
JERUSALEM: Israel's Prime Minister Benjamin Netanyahu, who has infuriated Washington by expanding settlements in east Jerusalem, on Sunday blamed the Palestinians for blocking US peace efforts. His remarks came after…
Former south Yemeni diplomat jailed for 'harming unity'
SANAA: A former Yemeni ambassador who is a southern secessionist activist received a five-year jail term on Sunday for "harming national unity." Qassem Askar, 58, an ambassador until 1994, was…
Switzerland defends Libyan travel ban scrapped by EU
GENEVA: Switzerland defended Sunday its ban on some Libyans traveling in Europe's Schengen zone, which the EU has lifted and apologized for, saying it was based on security needs and…
Two more nuclear sites suspected in Iran: report
WASHINGTON: UN inspectors and intelligence specialists in western countries believe Iran may be preparing to build at least two additional secret nuclear sites despite demands that it open up its…