Egypt’s new PM to hold finance portfolio too: paper
CAIRO: Egypt's new prime minister, Kamal El-Ganzoury, may also hold the finance portfolio in the new Cabinet, the website of a leading newspaper reported on Thursday. Egypt's economy has…
Army official sees Egypt foreign reserves plunging
CAIRO: Egypt's foreign reserves will plunge by a third to $15 billion by the end of January and the budget deficit will grow, possibly leading to a review of sensitive…
Kraft Foods’ organic revenue growth boosts Q3 results
CAIRO: Kraft Foods Inc. saw an 11.5 percent increase in net revenues in the third quarter, reaching $13.2 billion, according to a statement. Kraft Foods, which has four production plants…
Dana Petroleum enters new joint venture in Egypt
CAIRO: A new joint venture between Dana Petroleum and the Egyptian General Petroleum Corporation will form Petro Kareem, which will produce oil and gas from a concession on the Gulf…
West should embrace ‘Arab Spring’ Islamists, says Qatar
LONDON: Qatar's Prime Minister Sheikh Hamad bin Jassim al-Thani was quoted on Thursday as saying Islamists were likely to represent the next wave of political power in the Arab world…
Presidential hopefuls turn down cabinet jobs
CAIRO: Prime Minister designate Kamal Al-Ganzoury said on Wednesday he was in talks to form a new government after five presidential candidates turned down invitations to join his cabinet. Egypt's…
Police ‘eye sniper’ turns himself in: official
By AFP CAIRO: A policeman nicknamed the "eye sniper" after he was filmed apparently aiming rubber bullets at protesters' heads during clashes in Cairo has handed himself in for questioning,…
Protests called in Egypt for Friday
CAIRO: Activists in Egypt have called two separate demonstrations for Friday, one against the interim military rulers in charge since the country's February revolution and one to support them. The…
US presses Egypt on ‘inclusive’ democracy
WASHINGTON: US Secretary of State Hillary Clinton on Wednesday urged Egypt to continue its transition to democracy "in a just, transparent and inclusive manner," following an opening round of voting.…
Islamist parties take the lead in preliminary election results
CAIRO: Preliminary results showed Islamists taking the lead in the first phase of Egypt’s parliamentary elections, with fierce competition between two main coalitions and with the liberal Egyptian Bloc. The…