Saudi prince sells stake in Red Sea luxury hotel
RIYADH: Billionaire Saudi Prince Alwaleed bin Talal s Kingdom investment group said on Tuesday it has sold its shares in a luxury hotel in an Egyptian Red Sea resort, its…
OCI, partner to build Cairo retail center
Egypt s Orascom Construction Industries said on Wednesday its joint venture with Al-Futtaim Carillion had secured a $340 million deal to build a retail center in Cairo. OCI s share…
Chrysler dealer network outside N. America intact for now
DUBAI: US automaker Chrysler said on Tuesday its organization outside North America would not be affected by a bankruptcy filing at home or its planned alliance with Fiat SpA. Chrysler…
Egypt indexes follow global markets up
CAIRO: Egypt s main stock indexes followed global stocks up on Thursday as growing confidence saw foreign investors buy into blue chip stocks. World stocks rose more than one percent…
Shell, BP, Petronas win offshore Egypt gas block
CAIRO: Shell, BP, Petronas consortium has won a gas concession block off Egypt s Mediterranean coast, a source close to the deal said on Thursday.The consortium won the bid for…
Israeli PM to visit Egypt on Monday
JERUSALEM: Israeli Prime Minister Benjamin Netanyahu will travel to Egypt to meet President Hosni Mubarak on Monday in his first official trip abroad, a senior official told AFP on Wednesday.…
Merkel links Mideast, Iranian nuclear issue
BERLIN: German Chancellor Angela Merkel said Wednesday that progress in the Middle East peace process would boost the chances of the West ending its standoff with Iran over its disputed…
Gates says US-Arab ties unchanged by Iran outreach
CAIRO: US Defence Secretary Robert Gates on Tuesday said Arab fears of a possible grand bargain between Iran and the United States were unfounded and Washington would not abandon its…
Israel in air raid on Gaza tunnels after mortar fire
JERUSALEM: Israel launched air raids against smuggling tunnels in southern Gaza on Wednesday, hours after it said Palestinian militants fired mortar rounds at the Jewish state.The air force targeted three…
No change in US military aid policy, says analyst
CAIRO: No conditions regarding democratic reform or human rights will be attached to US military aid to Egypt, US Secretary of Defense Robert Gates told reporters in Cairo Tuesday.In fact…
