Spinneys Group plans to expand in Egypt, foray into Jordan
CAIRO: Grocery retailer Spinneys said it plans to expand in Egypt, Lebanon and Qatar, as well as opening its first store in Jordan. Part of a regional expansion strategy, it…
Small caps in focus as retail investors dominate
DUBAI/CAIRO: Small-cap shares favored by local retail investors are set to dominate activity in Gulf stock markets next week as big institutional investors stay on the sidelines, worried by the…
Egypt in talks over Ezz Steel licenses
CAIRO: Egypt could reach a decision in weeks on the fate of operating licenses for two Ezz Steel plants and three licenses for other firms, the trade and industry minister…
Egyptians build, shop for homes despite downturn
CAIRO: Egypt's property market may have slid into its worst crisis in years, largely because of the state's poor land management, but a large and young population is building off…
Egypt Brotherhood businessman: Manufacturing is key
CAIRO: Manufacturing, a trained labor force and enabling the private sector are the solution to Egypt's economic slump, said Hasan Malek, one of the Muslim Brotherhood's leading businessmen. One of…
2,000 flee aerial bombs in Sudan’s Blue Nile: UNHCR
GENEVA: Fresh aerial bombings in Sudan's border Blue Nile state are sending more refugees fleeing to Ethiopia, with 2,000 arriving in the last four days, the UN refugee agency said…
UNESCO to vote Monday on Palestine membership: sources
PARIS: UNESCO's general assembly will vote Monday on whether to grant Palestine full member status, a move that would cut millions of dollars in US funding to the UN cultural…
Turkey survivor emerges from quake rubble
ERCIS, Turkey: A 13-year-old boy, trapped for five days inside fallen debris, used a rock in a desperate attempt to dig a hole and free himself from a building that…
Explosion on Iranian oil rig kills 1, injures 3
TEHRAN: An explosion on Friday killed one worker and injured three other on a decades old land-based oil rig, semiofficial Mehr news agency reported. The report said the blast erupted…
Death toll in Baghdad’s twin bombings rises to 32
BAGHDAD: The death toll of a twin bombing in a Shia neighborhood in Baghdad rose on Friday to 32 — the worst violence to hit Iraq since President Barack Obama…