Egypt sees Israel prisoner swap soon, say officials
CAIRO: Egypt expects to swap US-Israeli dual national Ilan Grapel, detained in June on spying charges, for Egyptian prisoners held in Israel, an Egyptian security source said on Monday. The…
Gold motors to three-week high
LONDON: Gold climbed to a three-week high on Monday, boosted by fresh investor interest and a softer dollar against the euro after a G20 summit reinforced hopes that European leaders…
Mubarak sons held $340 million in Switzerland: fraud chief
CAIRO: The two sons of ousted Egyptian president Hosni Mubarak held $340 million in now frozen assets in Swiss bank accounts, deputy justice minister Assem Al-Gohari said on Monday. The…
Yields drop as Egypt sells 3-year bonds
CAIRO; Yields fell sharply at an Egyptian sale of three-year bonds on Monday compared to offers in an earlier bond auction that was cancelled, said traders, who reported strong demand…
Pecik has options on 5.5 pct of Telekom Austria
VIENNA: Investor Ronny Pecik has secured options via several companies to buy about 5.5 percent of Telekom Austria, the company said on Monday. The announcement comes two weeks after media…
HSBC report sees bright trade future for Egypt as deficit narrows
CAIRO: Egypt's economic situation should stabilize on the long-term, according to a trade forecast published last week by HSBC Bank. The next 15 years will witness the rise of…
Egypt finance minister says foreign borrowing necessary: paper
CAIRO: Egypt's dependence on local borrowing to support the state budget is not sustainable and it will have to borrow from overseas, a state newspaper quoted Finance Minister Hazem El-Beblawi…
Stunned by bloodshed, Egyptians torn over army
CAIRO: An army crackdown on a protest that killed more than 25 Christians has not only stunned Egyptians, it has left them with deeply torn feelings toward the force seen…
Arms smuggling into Syria flourishes: experts
BEIRUT: As the revolt in Syria drags on, experts say weapons smuggling into the country has flourished, especially from Lebanon, with automatic weapons, grenades and hunting rifles in high demand.…
Obama sends troops to help fight Africa rebels
WASHINGTON: US President Barack Obama said Friday he is sending 100 combat troops to central Africa to help and advise forces battling the Ugandan Lord's Resistance Army rebels accused of…