“Cousin to cousin”, Libyan siege tests tribal divides
NORTH OF BANI WALID: Squatting in the shade of a crumbling hut on the outskirts of Bani Walid, a besieged town still loyal to Muammar Gaddafi, Hassan Warfalla said his…
Glencore signs fuels contract with Libya’s NTC
BENGHAZI: Commodities trader Glencore has signed its first contract to deliver fuels to Libya's interim council, industry sources said, in a further sign that rival Vitol is losing its position…
Brent slips below $111 on US recession fears
LONDON: Brent crude oil fell below $111 a barrel on Monday as fears of another US recession and slowing growth elsewhere raised the prospect of lower demand for fuel. China's…
Egypt outperforms Mideast markets
CAIRO: Egypt outperformed other Middle East markets, with its benchmark index gaining 1.16 percent, on optimism that company results will begin to improve after a popular uprising damaged Egypt's economy.…
OCI seen posting 33 pct rise in Q2 profit
CAIRO: Orascom Construction Industries, Egypt's biggest listed company, is expected to post a 33 percent increase in second-quarter net profit, according to analyst estimates. OCI, run by billionaire tycoon Nassef…
Iran to give IAEA ‘full supervision’ if sanctions lifted
TEHRAN: Iran on Monday said it was ready to give the International Atomic Energy Agency "full supervision" of its nuclear program for five years if UN sanctions are lifted, as…
Turkey’s Limak wins bid to expand Cairo airport terminal
CAIRO: Egypt’s government has awarded Turkish Limak Construction, a flagship company of Limak, with a $387 million contract to expand Cairo airport’s second terminal and increase passenger capacity. Approved by…
Protesters scuffle as Mubarak trial resumes
CAIRO: Demonstrators scuffled with police outside the court where the trial of former President Hosni Mubarak resumed on Monday, when senior policemen were due to give the first witness testimony.…
Libya beats Mozambique 1-0 in African qualifier
CAIRO: Playing its first match since the fall of Moammar Qaddafi, Libya's national team beat Mozambique 1-0 Saturday in an African Cup of Nations qualifying match. The Libyan players wore…
Cabinet reactivates National Council for Women
CAIRO: Months after its offices went up in flames, the National Council for Women will be back to work, with a Cabinet decree to appoint a secretary general in…