Famed Nefertiti bust a fake, says Swiss art historian
PARIS: The bust of Queen Nefertiti housed in a Berlin museum and believed to be 3,400 years old in fact is a copy dating from 1912 that was made to…
Afghan music school emerges from ruins
Two teenage violinists scrape their way through a French gavotte in a chilly classroom at Afghanistan s only high school for music, a bleak building and one-time ruin of Kabul…
Egypt unemployment rises to 9.4 percent
CAIRO: Egypt s unemployment has climbed to 9.4 percent in the first quarter of 2009 due to the global economic crisis.The Middle East News Agency has cited the official Central…
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…