Rebels: Qaddafi fighters shell western mountains
TRIPOLI: Forces loyal to Libyan leader Moammar Qaddafi shelled villages and towns to try to take control of the high ground in a western mountain range as NATO widened its…
Al Qaeda names Egyptian Saif Al-Adl as interim chief, says Al Jazeera
DUBAI: Al Qaeda has appointed an Egyptian militant as temporary leader and named a new head of operations following the killing of Osama bin Laden by US commandos, al Jazeera…
Orascom Telecom says will not pay 2010 dividend
CAIRO: Egyptian group Orascom Telecom will not pay a dividend for 2010 because of a lack of cashflow from several foreign businesses. "We have decided not to issue a dividend…
Egypt’s real estate sector is down, not out
CAIRO: There seem to be plenty of good reasons to avoid Egypt's battered real estate sector, yet some investors are tiptoeing back into stocks seen as less exposed to legal…
Credit Suisse names new head of MidEast M&A: document
DUBAI: Credit Suisse has named Mumtaz Kazmi as head of its mergers and acquisitions operations in the Middle East and North Africa, a document showed. Kazmi has been with the…
Talaat Moustafa Q1 profit tumbles 48 pct
CAIRO: Talaat Moustafa Group, Egypt's biggest listed developer, posted a 48 percent drop in first-quarter net profit on Wednesday, but the group's shares jumped on hopes of an end to…
Germany backs EBRD expanding into Middle East, North Africa
BERLIN: Germany supports expanding the European Bank for Reconstruction and Development's (EBRD) remit to the Middle East and North Africa to help democratic reform there, the German finance ministry said…
Egypt refers former housing minister for trial
CAIRO: Egypt's general prosecutor referred former housing minister Ibrahim Soliman and four of his deputies to trial for squandering public funds, the state news agency said on Wednesday. Soliman, the…
Egypt ready to resume gas exports to Israel
CAIRO: Ampal-American Israel Corporation said Tuesday that the Egyptian gas valve station damaged by an attack on April 27 has been repaired and is ready for gas transmission. The East…
US, Obama’s image sour in Muslim nations: poll
WASHINGTON: The image of the United States has soured in Muslim nations in the past year, says a poll released two days before President Barack Obama is due to deliver…