OPEC to hold oil flow steady, eye Iraq, say analysts
LUANDA: Sitting comfortably on strong oil prices, OPEC crude producers are set to hold their output steady at their meeting in Angola on Tuesday while eyeing the rising prospects of…
4-bank consortium covers $1.05 billion loan
CAIRO: Four Egyptian banks formed a consortium to cover a syndicate loan of $1.05 billion, the larges from local banks. The National Bank of Egypt, Banque Misr, Arab African International…
Iraq PM in Cairo to improve ties with Egypt
CAIRO: Iraq's prime minister is in Egypt on a two-day trip to improve relations with one of the Middle East's power players.Prime Minister Nouri Al-Maliki's last visit to Egypt was…
Egypt's Mubarak meets Iranian parliament speaker
CAIRO: Egyptian President Hosni Mubarak met Sunday with Iranian parliament speaker Ali Larijani in the first high-level talks between both countries since relations were strained after Israel's war on Gaza.Larijani,…
Brotherhood to decide on new Supreme Guide
CAIRO: Egypt's most powerful opposition group the Muslim Brotherhood is currently in the process of appointing new members to its Guidance Office as well as a new Supreme Guide, the…
Egypt's intel chief meets top Israeli officials
JERUSALEM: Egypt's intelligence chief Omar Suleiman was in Israel on Sunday to meet with top officials during a low-profile visit to the Jewish state, an Israeli official said.Suleiman met Defence…
Judicial independence isn't a gift, Mubarak tells judges
CAIRO: President Hosni Mubarak said yesterday that he is vigilant about the independence of the judicial system in Egypt and that it should be protected from any threats to its…
Aboul Gheit implicitly confirms Gaza barrier, workers come under fire
CAIRO: Egyptian Foreign Minister Ahmed Aboul Gheit implicitly confirmed on Saturday that his country was building an underground barrier with the Gaza Strip, saying it was Cairo's right to protect…
Egypt obtains $5 billion for electricity
CAIRO: Minister of Electricity and Energy Hassan Younes announced the procurement of $5 billion in funds to "boost energy output in Egypt. The funds come from "international and regional financers…
Cameron and Weaver on 'Aliens,' and 'Avatar'
What first signaled to a young, eager-to-please James Cameron he'd make movie history with Sigourney Weaver? Her heels.More than two decades ago, the director was waiting to meet her in…