Mobinil to issue $275 mln of 5-yr bonds
CAIRO: The board of Egypt s Mobinil will issue fixed-rate, unsecured 5-year bonds worth up to LE 1.5 billion ($275 million) after receiving shareholder approval on Thursday, executives said. The…
Nasr City to speed up slack home sales
CAIRO: After selling just 33 apartments last year, Egypt s Nasr City Housing is stepping up development, selling units before delivery and targeting a wider range of buyers, its chief…
OPEC should stay cautious, nurture economy
LONDON: OPEC should be cautious when it meets this month to decide its oil output policy as it needs to balance signs of economic recovery and abundant supplies, the group…
Strong global support for climate action: poll
WASHINGTON: Strong majorities around the world back action to fight climate change, with enthusiasm especially strong in developing nations, a World Bank survey said Thursday.The 15-nation survey, released four days…
Israeli stalling over prisoners blocks Shalit deal: Hamas
CAIRO: Israeli objections to releasing certain prisoners are blocking a swap deal in which an Israeli soldier captured three years would be freed, an official of the Palestinian movement Hamas…
Swiss have made a 'grave mistake' with minaret ban: Egypt FM
CAIRO: Egypt s top diplomat said on Thursday that a Swiss vote to ban the construction of minarets was a grave mistake and Europe could no longer lecture his country…
Baradei sets conditions for presidential candidacy
CAIRO: Outgoing IAEA chief Mohamed ElBaradei has set a number of conditions for his mooted presidential candidacy, including international monitoring of elections as well as amendments to Egypt's constitution.In a…
Taiwan firm uses recycled paper in shoemaking
Confronted with an ever-growing pile of old newspapers, Taiwanese fashion designer Colin Lin came up with the idea of using them to make shoes and tote bags for her environmentally…
Audrey Hepburn's designer gowns hit auction blocks
Audrey Hepburn fans got a sneak peek Tuesday of dozens of garments and personal effects once belonging to the movie star that will hit the auction blocks next week.A Givenchy…
Lifestyle Highlight: Silver never sparkled so brightly
While driving down Maraashly Street in Zamalek, I spotted a regally dressed mannequin in a shop window, its black dress patterned with orbs of silver hardware. The mannequin was standing…