Syria wants amendments to Arab monitoring plan
CAIRO: Syria has asked for amendments to a plan to send Arab League observers to Syria to assess the situation there where troops are cracking down on anti-government protests, the…
PM meets with governors, ministers ahead of elections
CAIRO: Prime Minister Essam Sharaf held a general meeting Thursday to discuss preparations for the first round of parliamentary elections slated for Nov. 28. “These elections are Egypt’s entrance to…
MPs aren’t service providers, say experts, candidates
CAIRO: Electing a member of parliament to represent them is a new experience for most Egyptians as they head to the polls later this month. To choose from the vast…
Oil rallies, boosted by weaker dollar
LONDON: Brent crude oil futures rallied to over $109 on Friday, helped by a weaker U.S. dollar and after posting steep losses in the previous session, but analysts and traders…
Gold inches up on weaker dollar, Euro worries weigh
LONDON: Gold inched up on Friday helped by a weaker dollar and some bargain-hunting but was still on track for its largest weekly loss since September as euro zone debt…
Centamin Egypt announces death of CEO
CAIRO: Centamin Egypt on Thursday announced the sudden death of its chief executive, Harry Michael. The Toronto-listed company, which owns the Sukari gold mine in Egypt, provided no details but…
Safe-haven status puts UAE luxury car sales in high gear
DUBAI: Mother-of pearl dashboards and diamond-encrusted hood ornaments at the Dubai International Motor Show this week underlined how the safe-haven status of the United Arab Emirates is fuelling dramatic growth…
Egypt inclined towards IMF loan: minister
CAIRO: Egypt is strongly inclined towards accepting a previously rejected IMF loan of around $3 billion to reduce the costs of domestic borrowing, media quoted Finance Minister Hazem El-Beblawi as…
Muslim Brotherhood goes public with Libya summit
BENGHAZI: The Muslim Brotherhood held its first public conference on Libyan soil on Thursday after being banned for decades, and used the platform to set a moderate tone, calling for…
Famine downgraded in some areas of Somalia
NAIROBI: US and UN food security agencies are downgrading the famine rating in three areas of Somalia, but the devastating famine classification still holds in three other areas and aid…