Egypt index rises on foreign buying on OCI
CAIRO: A surge of buying by institutional investors on market heavyweight Orascom Construction Industries (OCI) saw Egypt s benchmark CASE 30 index rise more than 3 percent on Tuesday. OCI…
Egypt to cut some import tariffs to zero pct, says paper
CAIRO: The Egyptian government plans to cut import tariffs on some capital and intermediary goods to zero percent from between 2 and 5 percent to boost investment, the daily newspaper…
Oil dips below $40 over world economic concerns
VIENNA, Austria: Resurfacing concerns over the world economy sent crude prices lower Tuesday, eclipsing fears that the Israeli attack on Gaza could inflame tensions in the oil-rich Middle East.Prices have…
Turkish PM plans regional tour over Gaza conflict
ANKARA: Turkish Prime Minister Recep Tayyip Erdogan will embark on a tour of Syria, Jordan, Saudia Arabia and Egypt this week in a bid to ease regional tensions after Israel…
Israeli warplanes continue strikes, kill two sisters
GAZA CITY: Israeli aircraft kept up a relentless string of assaults on Hamas-ruled Gaza on Tuesday, smashing a government complex, security installations and the home of a top militant commander…
Rafah crossing to remain closed until PA regains Gaza, says Mubarak
CAIRO: President Hosni Mubarak said Tuesday in a televised address that the Rafah border crossing will remain closed until Palestinian Authority (PA) President Mahmoud Abbas regains control of the Gaza…
Hollywood's happy, even without a record year
Hollywood loves breaking box-office records, yet studio executives aren t griping that their 2008 lineup will fall a bit shy of the all-time high set a year earlier.With the overall…
Workshop redefines actor/audience relationship
In a recent workshop organized by the Townhouse Gallery and visiting American performance group My Barbarian, there was much more than the prospect of rich cultural exchange: it offered the…
Belly dance fever sweeps Vietnam's capital
A belly dance craze is sweeping the capital of communist Vietnam, dropping jaws, lifting spirits and - the dancers say - empowering women through a new mode of self expression.Since…