OPEC ministers gather, hurricane drives oil price
VIENNA: OPEC ministers on Monday gathered in Vienna ahead of a meeting to review output policy, but were widely expected to leave formal targets unchanged, especially as a powerful hurricane…
TMG, OCI lead Egyptian stocks up
CAIRO: Egyptian shares rose 1.66 percent on Monday, with Talaat Moustafa Group (TMG) jumping more than 7 percent with investors betting the share price is low relative to future earnings.…
African Union to seek UN delay to Sudan war crimes process
KHARTOUM: The African Union will ask the United Nations to defer any proceedings for alleged Darfur war crimes against Sudanese President Omar Al-Beshir, its chairman said in Khartoum on Monday.Tanzanian…
Twenty hurt in Egypt prison riot after inmate's death
CAIRO: At least 20 people, mostly inmates, were wounded when a riot erupted at a prison in southern Egypt on Monday, following the reportedly suspicious death of a fellow prisoner,…
Egypt ICT spending to reach $13.5 billion, says report
CAIRO: Egypt's booming Information and Communications Technology (ICT) spending is set to grow by more than a third in the next three years, according to a recent report.Research conducted by…
New in brief
New board for state banksPrime Minister Ahmed Nazif will issue a decree on Sept. 23 restructuring the board of directors of three public banks - National Bank of Egypt, Banque…
Egypt postpones second fixed-line auction for a year
CAIRO: Egypt's telecom regulator postponed on Monday an auction for the second fixed-line license for a year, citing global telecom market woes.This is the third time the auction is postponed.…
'Potter' publisher looks to promote next big thing
NEW YORK: Today, the US publisher of Harry Potter will premiere a highly ambitious series with a mystery ending for readers and a couple of puzzlers for the industry: How…
Modern folkloric sounds from Basheer
The Goethe Institute, God bless them, clearly understand the appeal of an accessible lawn in Cairo and are holding a series of cultural events in their sanctuary of a garden…
Hard Talk: Between two fires
There are many differences between the fire that destroyed the Egyptian Shoura Council (Upper House of Parliament) building and the famous Cairo Fire on January 26, 1952. Besides the fact…