Explosions across Iraq kill at least 43
By Kareem Raheem and Aseel Kami / Reuters BAGHDAD: At least 16 near-simultaneous explosions struck cities and towns across Iraq on Tuesday, killing at least 43 people and wounding more than…
UN aims to press Syria, new clashes in Damascus
DAMASCUS: The UN Security Council was to weigh a draft statement on Tuesday warning Syria of "further measures" if it fails to cooperate with peace envoy Kofi Annan, as fresh…
France launches massive manhunt for Jewish school killer
By Laurent Lozano and Alex Peyrille / AFP TOULOUSE: France launched a massive manhunt for a serial killer on Tuesday, as the nation's schools observed a minute of silence for the…
Egypt central bank lowers reserve requirement on deposits
By Patrick Werr / Reuters CAIRO: Egypt's central bank cut its reserve requirement on local currency deposits to 12 percent from 14 percent on Tuesday, in a move to provide banks…
Egypt to sell land to expats, cut budget deficit
By Reuters CAIRO: Egypt will launch a scheme on Saturday to reduce its budget deficit by selling plots of land near Cairo to Egyptians living abroad, the housing minister said on…
Egypt climbs on optimism for Mobinil deal
By Reuters CAIRO: Egypt's main index edged higher, lifted by property stocks as local investors bet on a flood of liquidity when Orascom Telecom Media and Technology completes its planned…
Egypt’s rice export ban only benefits smugglers
By Maha El Dahan and Sherine El Madany / Reuters ABU DHABI/CAIRO: Smugglers in the Middle East are enjoying an unlikely moneyspinner — illegal medium grain rice. Shoppers across the Gulf,…
Water deficit may cost Egypt $11 bln annually: World Bank
By Reem Abdellatif CAIRO: The world’s water deficit will grow to 200 billion cubic meters (BCM) per year by 2050, and may cost Egypt $11 billion annually, a World Bank official…
Funeral underway for Egypt’s Coptic Pope
By AFP CAIRO: Hundreds of clergy and officials packed St Mark's Cathedral in Cairo on Tuesday for the funeral service of Pope Shenouda III, the head of the Coptic Orthodox…
Meshwary celebrates preparing 45,000 for the job market
By Safaa Abdoun CAIRO: After her graduation, Hoda Mohamed Youssef spent months looking for a job but could not find a suitable opportunity. It was then that she learned of Meshwary…