Egypt yarn producers accuse exporters of dumping
CAIRO: Egypt’s Holding Co. for Spinning and Weaving is taking legal action against foreign exporters it accuses of dumping yarn into the local market. The anti-dumping case is raised to…
Non-aligned countries support Palestinian UN bid
BELGRADE: The Non-Aligned Movement on Tuesday confirmed its support for a Palestinian bid for UN membership at a ministerial meeting here, Egypt's Foreign Minister Mohamed Kamel Amr said. "We will…
In Arab world, money offers alternative to reform
By Tarek El-Tablawy/ AP CAIRO: The Arab Spring hasn't come cheap. Uprisings this year across the Arab world — stoked by chasms of income disparity, high unemployment and inflation — are…
Jazeera calls on Israel to free journalist
DOHA: Al-Jazeera satellite news channel has called on Israel to release its former Kabul bureau chief ahead of the journalist's appearance before a court on Wednesday. Samer Allawi, a Palestinian,…
Syria shrugs off sanctions, eyes China oil sales
ABU DHABI: Syria plans to sell the oil European customers cannot take under a new EU import ban to Russia or China and will be unharmed by western sanctions as…
Sudan needs up to $1.5 bln in aid a year: finance minister
ABU DHABI: Sudan may need as much as $1.5 billion of foreign aid a year and plans to slash government spending by a quarter as it faces budget difficulties due…
SODIC swings to first-half net loss: bourse
CAIRO: Egypt's third-biggest listed developer, SODIC, posted a first-half net loss of LE 120 million ($20 million), the stock exchange said on Wednesday. The real estate firm, which does not…
Egypt to rely on local market for financing: finance minister
ABU DHABI: Egypt has no plans to issue an international bond currently and will rely on local market to meet its financing requirements, the country's finance minister said on Wednesday.…
Turkish PM to visit Egypt next week to boost ties
CAIRO: Turkish Prime Minister Tayyip Erdogan will visit Egypt next week to discuss political coordination and economic ties, an Egyptian government official said on Tuesday, at a time of increasing…
Turkey PM declares Israeli ties freeze
ANKARA: Turkish Prime Minister Recep Tayyip Erdogan announced a total freeze on military and trade ties with Israel Tuesday and threatened to visit Gaza as the one-time allies' diplomatic spat…