Traffic accident kills 23 north of Cairo
CAIRO: Twenty-three people, mostly policemen, were killed Sunday when their vehicle smashed into a truck on the highway between Cairo and Alexandria, police said.Fifteen people were declared dead at the…
Goldman Sachs buys stakes in Palm Hills Developments
CAIRO: Goldman Sachs bought 5.5 percent of the shares of Palm Hills Developments from its majority shareholder, El Mansour and El Maghraby Investment and Development Company, together with an option…
Dollar nose-dives on news JP Morgan buys Bear Stearns
TOKYO: The dollar nose-dived to its lowest levels in 12 1/2 years Monday in Asia, falling below 96 yen as the Federal Reserve s rate cut failed to calm market…
More travelers use British Airways e-services
CAIRO: British Airways has confirmed an increase in the use of its e-services in Egypt ahead of the opening of its new home at Heathrow, Terminal 5, later this month,…
US universities turn schools for spies and more
WASHINGTON: That young American exchange student who stayed with you last summer to do a language immersion course could be part of a new program to educate the next generation…
Suleiman in Israel this week to conclude Shalit deal
CAIRO: Intelligence Chief Omar Suleiman is due in Israel later this week in an attempt to conclude a prisoner-swap deal as a second phase of an Egyptian-mediated truce. According to…
Coface ventures further into local market
CAIRO: In developing markets, often rich in growth but poor in formality, soothing investors' worries can be a big business. At least, that's what Coface is betting. Following a decade…
Visions of war, loss and humanity
It may seem that there's nothing new or insightful to say about the Israeli occupation of Palestinian territories, a conflict that has lasted for more than 80 years. Hardly any…
What next after failed sanctions on Iran?
The approval of fresh sanctions on Iran marks the third time that the United Nations Security Council has been galvanized to stem the Islamic Republic's feared uranium enrichment efforts. Unfortunately,…