Egypt sees GDP growth at 5.5 pct in 2010/11
CAIRO: Egypt s economy, buoyed by climbing exports, should grow by 5.5 percent in fiscal 2010/11 and attract $10 billion in foreign direct investment (FDI) as it recovers from the…
News in brief
Kabo 6-month net loss at LE 2.6 mln Egyptian garment maker El Nasr Clothing & Textile Co. (Kabo) reported a net loss of LE 2.6 million ($473,800) for the six…
Oil falls to $74 as China tightens lending
LONDON: Oil fell by more than $1 to near $74 a barrel on Friday after the outlook for energy demand was dented by China s surprise decision to tighten monetary…
Lloyds seeks Mideast private bank growth
DUBAI: Lloyds Banking Group Plc s private banking arm expects to expand its Middle Eastern business quickly as it considers opening new branches and looks to add staff, the divisional…
Mobinil sees 28 mln subscribers by end-2010
CAIRO: Egyptian mobile operator Mobinil expects revenue growth to slow to 5 percent in 2010 and to boost its subscribers to 28 million by the end of the year, its…
Iran accused of jamming British, US, German broadcasts
LONDON: Three international broadcasters on Friday accused Iran of deliberately jamming their output.Britain s BBC, German broadcaster Deutsche Welle and the Voice of America said the interference began on Thursday…
Arabs urged to speed up economic integration
KUWAIT CITY: Arab finance and economy ministers opened a meeting in Kuwait on Thursday with calls for speeding up economic integration and establishing a customs union by a 2015 target…
Huge rally and protests mark Iran revolution
TEHRAN: Hundreds of thousands of government supporters massed Thursday in central Tehran to mark the anniversary of the revolution that created Iran s Islamic republic, while a heavy security force…
Twenty years on, S.Africans fete Mandela prison release
PAARL: Prominent South Africans gathered at a prison outside Cape Town Thursday to fete the 20th anniversary of Nelson Mandela s release from jail, which hastened the demise of apartheid.At…
Brotherhood's Ezzat charged with being group's 'clandestine' leader
CAIRO: The State Security Prosecution has coined a new set of charges against Muslim Brotherhood leaders detained earlier this week and remanded in custody for another 15 days.The new accusations…