SAP invests, aims for Middle East growth
By Matt Smith / Reuters DUBAI: German software developer SAP plans to invest $450 million in the Middle East and North Africa (MENA) over the next four years as it seeks…
Egypt T-bill auction a success as demand picks up
By Tom Pfeiffer / Reuters CAIRO: Egypt's central bank sold more treasury bills than it originally offered at an auction on Sunday, as optimism that the country will secure an emergency…
Egypt’s Palm Hills falls into loss, revenues plunge
By Yasmine Saleh / Reuters CAIRO: Egypt's second-biggest listed property developer, Palm Hills, reported on Monday it made a net loss of LE 331.3 million ($55 million) last year, compared with…
Egypt faces economic dangers, yet has unexploited opportunities, say economists
By Amir Makar CAIRO: Bad management in the face of chronic woes and natural outcomes of the social uprising summarize the current situation in Egypt, believe a panel of distinguished economists,…
10 die near Luxor while digging for ancient treasures
By AFP CAIRO: Ten people were killed when the soil caved in on them as they were illegally digging for ancient treasures under a house in an Upper Egyptian village, police…
Russia, Arabs call for end to Syria violence
By AFP CAIRO: Arab and Russian foreign ministers meeting in Cairo on Saturday called for an end to the violence in Syria "whatever its source," as they try to reach…
Neighbors want Libya to stay united: Tunisia
By AFP TRIPOLI: Tunisia and Egypt want a united Libya and reject calls for federalism for their neighbor, the Tunisian foreign minister was quoted as saying on Sunday. "Tunisia and…
Nour says delegation will call on SCAF to annul politically-motivated verdicts
By Heba Fahmy CAIRO: Ayman Nour, head of Ghad El-Thawra Party, said Sunday that a delegation of 20 members will approach the ruling military council to call for annulling all politically-motivated…
UAE wants Egypt to explain Brotherhood criticism
By AFP ABU DHABI: Emirati authorities have demanded an "explanation" from Egypt over Muslim Brotherhood support for criticism of the United Arab Emirates by an influential cleric. The foreign affairs…
MB says to sack members who support Abol Fotoh
By Heba Fahmy CAIRO: Muslim Brotherhood members who participate in presidential hopeful Abdel Moneim Abol Fotoh’s campaign will be sacked, the group’s spokesperson said Saturday. Mahmoud Ghazlan, the official spokesperson of…