Questions loom over Aswan church attack
CAIRO: The attack on a church in the southern city of Marinab, a few kilometers from Edfu, last week, remains shrouded in mystery as around 4000 protesters continue their sit-in…
ANALYSIS: Egypt revolution chips away at Sadat’s legacy
CAIRO: Egyptian President Anwar Sadat, gunned down by Islamists at a military parade in Cairo 30 years ago on Thursday, left a political legacy that survived largely unscathed in the…
iSad: Digital titans, gadget junkies mourn Jobs
BANGKOK: From the titans of high technology to teenagers armed with iPads, millions of people around the world mourned digital-gadget genius Steve Jobs as a man whose wizardry transformed their…
Egypt air traffic controllers go on work slowdown
CAIRO: Flights in and out of Egypt's main international airport were severely disrupted Thursday because of a work slowdown by Cairo air traffic controllers to protest the revocation of a…
Swedish poet Tomas Transtroemer wins Nobel Literature Prize
STOCKHOLM: Swedish poet Tomas Transtroemer, who sets moral goals with unexpected yet simple imagery, won the 2011 Nobel Literature Prize on Thursday. Transtroemer, 80, was honored "because, through his condensed,…
Egyptian tobacco firm Eastern approves dividend
CAIRO: Egypt's cigarette monopoly Eastern Company said on Wednesday its shareholders approved a LE 6 ($1) share dividend for its 2010-2011 profit, an increase on the previous year. Eastern posted…
Credit Suisse still cautious on Egyptian real estate sector
CAIRO: Credit Suisse said it expects sales volumes of Egyptian real estate developers to remain under pressure on continued weakness in property transactions, hurt by ongoing land title legal disputes.…
Citadel raises $73.5 mln in rights issue
CAIRO: Egyptian private equity firm Citadel Capital said on Wednesday it raised LE 438 million ($73.5 million) in a rights issue that was 41.72 percent subscribed. Citadel had said it…
Restive Egypt workers pose economic, political threats
MAHALLA EL-KUBRA: Like many Egyptians, textile factory worker Magdi El-Aleemy expected the uprising that toppled Hosni Mubarak to change his life. It did, but not for the better. The firm…
Egypt considering IMF deal rejected in June
CAIRO: Egypt is considering International Monetary Fund financing it previously turned down and is still in talks with Gulf Arab states for funds of close to $7 billion, Finance Minister…