Brent crude oil over $111 on stimulus hopes
LONDON: Brent crude oil rose above $111 per barrel on Tuesday as expectations of a new stimulus for the US economy outweighed fears of recession and worries over the euro…
AlembicHC raises Telecom Egypt price target
CAIRO: AlembicHC raised its price target on Telecom Egypt Co SAE and said it expects the landline monopoly's domestic wholesale business to see an increase in revenue from higher mobile…
OCI sees orders up on infrastructure after Q2 gains
CAIRO: Egypt's Orascom Construction (OCI) posted a 15 percent rise in second-quarter net income on Tuesday and said it expected orders to grow this year as governments in the Middle…
Non-aligned leaders slam international intervention in Libya
BELGRADE: Cuba and Iran criticized western intervention in Libya, at a meeting of the Non-Aligned Movement (NAM) Tuesday, calling on non-aligned countries to work against what they called manipulation. "The…
Egypt denies Lebanese blogger entry
CAIRO: A Lebanese blogger who was apparently linked to jailed Egyptian blogger Maikel Nabil has been denied entry to Egypt on Monday, a Cairo airport official and a media watchdog…
Egypt foreign reserves dip in August
CAIRO: Egypt's net foreign reserves slipped to $25.01 billion last month from $25.71 billion in July, figures on the central bank's website showed. Net foreign reserves, which have been falling…
Egypt builds wall around Israeli embassy in Cairo
CAIRO: Egypt has walled off Israel's embassy in Cairo after tensions between the two countries sparked a series of angry protests that reached a climax last month when a demonstrator…
Qaddafi leaned on Arab allies to stay in power
CAIRO: Moammar Qaddafi's dictatorship likely wouldn't have survived for more than four decades without the sea of dictators all around, protecting one another and working together to silence dissident voices.…
Minister of Health announces salary increases
CAIRO: Minister of Health Amr Helmy announced a plan to raise the salaries of doctors and others working in the health sector, involving a new legislation which entails directing part…
Education minister rules out success of teachers strike
CAIRO: Minister of Education Ahmed Gamal Al-Din Moussa ruled out the success of a planned strike by teachers on Sept. 17, the first day of the academic year. Teachers are…