Algeria sticks to Djezzy plan after Vimpelcom visit
ALGIERS: Algeria is sticking to its plan to nationalize Orascom Telecom's local mobile phone unit, the finance minister said on Tuesday, after he met executives from would-be buyer Vimpelcom. "I…
Death of officer key to Egypt prison breaks
CAIRO: A senior prison officer was killed by his subordinates as he tried to stop mass prison breaks during Egypt's popular uprising against President Hosni Mubarak, an Egyptian rights group…
Saudi’s Savola buys two Egyptian companies
JEDDAH: Saudi Arabia's Savola Group has signed an agreement to buy a 78 percent stake in two Egyptian firms for LE 557 million ($98 million) as it expands its regional…
Egypt cbank to offer LE 7 bln in repos
CAIRO: Egypt's central bank said it will ask for LE 7 billion ($1.17 billion) in seven-day repurchase agreements in the money market on Tuesday at a fixed rate of 9.25…
Kuwaiti Foreign Minister resigns: newspapers
KUWAIT: Kuwait's Foreign Minister Sheikh Mohammad Al-Salem Al-Sabah has submitted his resignation, without giving a reason for the move, local newspapers reported on Tuesday. The Gulf Arab state is locked…
Yemen’s Nobel peace laureate says UN must act
DOHA: Yemen's Nobel Peace Prize winner Tawakkul Karman said the UN must act "immediately and decisively" to halt a deadly government crackdown on protesters calling for President Ali Abdullah Saleh…
Julian Barnes leads Booker Prize finalists
It has insults, rivalries and bitter accusations. The battle for Britain's most prestigious literary award is proving to be a page-turner. Five judges, led by a former British spymaster, are…
Algerian rights group concerned about detainees in Iraq
ALGIERS: Fourteen Algerians jailed in Iraq for at least seven years after summary trials are pleading for their release, the Algerian League for the Defense of Human Rights (LADDH) announced…
Libyans push into Qaddafi’s hometown from east
SIRTE: About 1,000 Libyan revolutionary troops launched a major assault on Moammar Qaddafi's hometown on Tuesday, surging from the east to try to capture the last area under loyalist control.…
Turkey claims ‘very significant’ role in Shalit release
ISTANBUL: Turkey claims "very significant contributions" for the release of Israeli soldier Gilad Shalit, Anatolia news agency quoted deputy prime minister Bulent Arinc as saying on Tuesday. "In this exchange...…