Hamas suggests unity talks with Fatah in Cairo
GAZA CITY: A political advisor to Palestinian Prime Minister Ismail Haniyeh on Wednesday proposed holding a meeting in Egypt between Hamas and Fatah on the formation of a national unity…
Egyptian court convicts outspoken tabloid editor of libeling a journalist
CAIRO: An Egyptian editor known for inflammatory comment has been sentenced to six months imprisonment for libeling a journalist, a court official said Thursday.A Cairo court rejected the appeal of…
Telecom Egypt eyes Saudi market
Reuters CAIRO: The country s sole fixed-line telecoms operator, Telecom Egypt, is considering competing for Saudi Arabia s second fixed-line license next year, a senior company executive said on Thursday.…
Egypt's energy bill increased sevenfold in a decade, Fahmy admits
CAIRO: Minister of Petroleum Sameh Fahmy said on Wednesday that the cost of buying oil and natural gas from foreign partners has increased sevenfold over the past ten years, citing…
Al-Ahli face tough task against free-scoring ASEC
Reuters JOHANNESBURG: Al-Ahli face the prospect of determined rear guard action when they face Ivory coast side ASEC Abidjan, who have an enviable goal scoring record at home, in Sunday…
Syria's ruling party rejects Israeli invitation for President Assad to visit Jerusalem
DAMASCUS: Syria on Thursday rejected Israel s invitation for President Bashar Al-Assad to visit Jerusalem, saying the Israeli gesture reflected the country s weak position after its war with Lebanon.The…
'Air born' baby gets 18 years of free flights
KUWAIT CITY: A baby girl born aboard an Egypt-bound Jazeera Airways flight will be able to fly the Kuwait-based airline for free until the age of 18, the carrier said…
Moody's downgrades Egypt's credit rating
Report praises accounting modifications for greater transparencyCAIRO: Moody s Investors Service downgraded Egypt s government bond ratings to Baa3 with a negative outlook in local currency and Ba1 with a…
Visa announces global restructuring
Intends to begin the IPO process and list its shares on a major stock exchangeSAN FRANCISCO: Visa announced this week that it intends to restructure its organization in order to…
Egypt shares up, CIB soars on acquisition optimism
CAIRO: Egyptian shares climbed higher on Thursday, with Commercial International Bank (CIB) soaring on optimism over its chances to win an auction for up to 80 percent of state-owned Bank…
