Kuwait Energy makes 15th oil well discovery
CAIRO: Kuwait Energy unveiled a new oil well in the Western Sahara, its fifteenth discovery in Egypt, the company said. This is the third discovery for the company in the…
PA to propose binding solutions to bread crisis
CAIRO: The People’s Assembly (PA) referred the bread and wheat crisis to the economic committee to prepare a report on the solution to the crisis and put it up to…
Yield rises at Egypt 266-day T-bill auction
CAIRO: The yield on Egyptian treasury bills rose at an auction on Sunday, and the central bank sold the entire LE 3.5 billion ($549.5 million) worth it had asked for,…
Orascom TMT says in talks with France Telecom over Mobinil
DUBAI: Orascom Telecom Media and Technology said on Sunday it is in talks with France Telecom over the future of their Egyptian joint venture Mobinil. The Egyptian firm said a…
Egypt still open for business despite calls for strike
CAIRO: Amid calls for a general strike, Egypt’s benchmark index, EGX 30 was up 2.93 percent on Sunday, its highest in six months. The streets of Cairo are also busy…
Arab ministers mull new steps in Syria crisis
CAIRO: Arab foreign ministers gathered in Cairo on Sunday to consider new moves in the Syrian crisis with the bloodshed showing no signs of abating, even spilling over into Lebanon.…
Malaysia deports Saudi journalist in Twitter row
KUALA LUMPUR: Malaysia on Sunday deported a young Saudi journalist wanted in his home country over a Twitter post about the Prophet Mohammed, defying pleas from human rights group who…
Saif Qaddafi to be moved to Tripoli, then tried
TRIPOLI: Saif Al-Islam Qaddafi, son and one-time heir apparent of toppled Libyan leader Muammar Qaddafi, will be moved to a Tripoli prison within two months and then face trial, the…
Bahrain king dismisses opposition as disunited
MAMAMA: Bahrain's King Hamad dismissed the country's opposition movement as disunited and said the threat of Iran had compelled him to call in foreign troops to crush last year's uprising.…
Hamas strongman in Gaza rejects unity deal
RAMALLAH: A rare public rift broke open Sunday in the usually tightly disciplined Islamic movement Hamas over a reconciliation deal that would require it to relinquish key areas of control…