2 dead, 4 injured in 7-car crash in South Sinai
SHARM EL-Sheikh: Seven cars crashed Monday night outside El-Tor in South Sinai, leaving two Bedouins dead and four injured. A group was traveling together in a convoy of six cars.…
SEC official denies statements on punishment of judges failing to oversee elections
CAIRO: A member of the Supreme Electoral Commission (SEC) denied on Tuesday reports that he said that judges will face “serious” disciplinary action if they refuse to oversee legislative elections…
InterContinental revenue growth slows in October
LONDON: World No.1 hotelier InterContinental Hotels Group Plc said revenue growth had slowed in October as unrest in the Middle East impacted trading, overshadowing third quarter profit which was at…
Hikma’s drug sales improving in Tunisia and Egypt
LONDON: Jordanian group Hikma Pharmaceuticals said sales of branded medicines picked up in the third quarter, driven by recoveries in Tunisia and Egypt, with revenues to the end of September…
Egypt gets $400 mln from Islamic trade financier
CAIRO: The trade financing arm of the Islamic Development Bank (IDB) has offered $400 million to help Egypt finance imports of petroleum products, wheat and other foodstuffs, Egypt's official news…
Slowing FDI portends emerging markets volatility
LONDON: Emerging economies dependent on overseas financing to balance their books look vulnerable to another looming slowdown in bricks-and-mortar investment, as rising deficits in many countries force reliance on volatile…
Egypt bourse chairman says cutting salaries of senior execs
CAIRO: In a move to restructure the administrative and financial framework of the Egyptian Stock Exchange, the bourse chairman has cut salaries of senior executives by roughly 20 to 40…
Guilty verdict for Jackson doctor ends latest saga
The single word, "Guilty," brought a muffled shriek in the gallery of the packed courtroom and tears from Michael Jackson's family, but no reaction from the doctor convicted of supplying…
Dedication to the hip hop cause
By Lily Grimes Earning something you desire increases its value, and so it was with Voice of the Streets, a free event showcasing rappers from Lebanon, Jordan, Palestine, Tunisia, Libya and…
Asteroid closes in on Earth fly-by
WASHINGTON: A big asteroid is set to make its closest flyby of Earth in 200 years on Tuesday, but there is no chance it will make a crash landing when…