Egypt stock index gains over 3 pct, OCI gives boost
CAIRO: Egypt s benchmark stock index added over 3 percent on Tuesday, rising in line with Gulf Arab markets and boosted by gains in big caps such as Orascom Construction…
Americans flock to vote in historic elections
WASHINGTON: Americans crowded polling stations Tuesday to vote in their historic election, with front-running Democrat Barack Obama fighting to be the first black US president and Republican John McCain hoping…
Egypt uncovers 13 Gaza smuggling tunnels
EL-ARISH: Egyptian security forces have uncovered 13 tunnels used by smugglers to slip contraband into the Gaza Strip, a security official said on Monday.Three of the tunnels collapsed after heavy…
Charges against Israeli lawmaker in Mubarak remark
CAIRO: An Egyptian lawyer has launched a lawsuit against an Israeli lawmaker who slammed the Arab country s president over not coming to visit Israel.An official at the general prosecutor…
Barcelona, Spain, will be Mediterranean union HQ
MARSEILLE, France: The headquarters for a proposed new union of Mediterranean countries will be located in the Spanish port city of Barcelona, an official said Tuesday.Malta, the island nation in…
Rafah crossing opened for three days
CAIRO: The Rafah border crossing between Egypt and Gaza was opened early on Tuesday to allow patients and students blockaded in the Palestinian territory to pass through. The crossing, closed…
April 6 movement criticizes NDP in corresponding conference
CAIRO: The April 6 movement concluded that the ruling National Democratic Party creates a "burden on Egypt in a statement the group issued as it wrapped up an online convention…
Does a shaky economy mean lower food prices for Egypt?
CAIRO: Despite a trend that has seen global food prices fluctuating significantly in the months following the global financial meltdown, Egypt's food prices are expected to experience softer price shifts…
Mobinil says interconnect rates unfair
CAIRO: Mobinil, one of Egypt's three mobile operators, said it could accept a drop in interconnection rates but that levels suggested by the regulator were "not reasonable. The firm said…
Samsung expects regional business to 'remain robust'
CAIRO: At times when major corporations are jittery about sustaining their businesses - especially those with international reach - Samsung Electronics is looking forward to further growth in the region.…