Asian, Mideast funds unleash cultural revolution on Wall St.
WASHINGTON: State-run investment funds from Asia and the Middle East are unleashing a cultural revolution on Wall Street, buying up big stakes in ailing US banks, but the deals are…
Ezz Steel reports 21 pct rise in Q3 net profit
CAIRO: Ezz Steel posted a 21 percent rise in third-quarter net profit as construction demand in Egypt drove up sales, reported Reuters.The company made LE 291.9 million ($53 million) in…
Israeli building in Jerusalem endangers peace talks, Egyptian, Palestinian official say
CAIRO: Egypt s foreign minister and a visiting Palestinian official on Monday said Israel s construction plans for a contested east Jerusalem neighborhood and West Bank endanger the Mideast peace…
Security tightens in Luxor ahead of Sarkozy private visit
CAIRO: French President Nicolas Sarkozy was flying to Luxor on Tuesday aboard a private jet accompanied by his new love, ex-supermodel Carla Bruni, to spend Christmas on the banks of…
Sarkozy, girlfriend arrive at Luxor hotel holding hands
LUXOR: Sporting dark sunglasses and holding hands, French President Nicolas Sarkozy and his topmodel-turned-singer girlfriend Carla Bruni, arrived in Luxor Tuesday, kicking off a private visit to Egypt.As the couple…
Aboul Gheit rejects Livini's smuggling accusations
CAIRO: Egypt on Tuesday strongly rejected criticism by Israel's top diplomat that Cairo is doing a "terrible job of securing its border with the Gaza Strip against smugglers, saying Foreign…
Dealing with the bread queue crisis
CAIRO: "We will soon kill and steal from each other for bread. Where is the country going? asked Howeida, a middle-aged mother of three who cleans houses for a living.She…
Phase 2 of Saudi's Hajj Terminal expansion starts in Jan
JEDDAH: The second phase of the expansion of the Hajj Terminal at King Abdul Aziz International Airport will begin next month after the departure of all pilgrims, reported the Saudi…
From Beatles to Kevin 'Bloody' Wilson, Christmas tunes pay
At the height of their career, the Beatles were not above cashing in on Christmas tunes at the end of the year, a formula that 40 years later still serves…
A KHAWAGA'S TALE: Scuba diving in Sharm El-Sheikh
Sharm El-Sheikh scuba divers have been adding to the coral reef's unique experience by exposing their buttocks to passengers on glass bottom boats. Peering into the reef looking for exotic…