Egypt hikes fine for competition violations: paper
CAIRO: Egypt's cabinet approved amendments to a competition and monopoly law that raises fines on crimes for violations to a minimum of 300 million Egyptian pounds ($50.3 million), Al-Ahram newspaper…
Egypt’s Delta buys 35,000 T Brazilian sugar
CAIRO: Egypt's Delta Sugar said on Monday it had bought 35,000 tons of Brazilian raw sugar from Bunge. The sugar was purchased at $631 per ton on a cost, insurance…
Egypt’s OCI to develop Palm Hills property project
CAIRO: Egypt's Palm Hills Development, the country's second-biggest listed developer, said Orascom Construction had won the development contract for a 554 million Egyptian pounds ($93 million) Palm Hills project. Palm…
Egyptian detained in Lebanon for spying for Israel
BEIRUT: The Lebanese army says it has detained an Egyptian man and his Lebanese wife in southeast Lebanon on suspicion of collaborating with Israel's Mossad spy agency. An army statement…
ElBaradei vows a revolution for farmers in union meeting
CAIRO: Presidential hopeful Mohamed ElBaradie met representatives of farmers unions across the country on Monday to discuss the challenges faced by the agriculture sector. ElBaradei said that as part of…
Egypt, Saudi bourses rise; Gulf ends lower
CAIRO/DUBAI: The Egyptian and Saudi bourses bounced back on Monday, helped by an early rise in oil prices and a late-day turnaround in world stocks on hopes that Europe was…
Yemen protesters entrenched after Saleh disappoints
SANAA: Protesters in Sanaa are preparing for a long, messy revolt after President Ali Abdullah Saleh offered no clear path to a handover on his return to Yemen from three…
ElBaradei vows a revolution for farmers in union meeting
CAIRO: Presidential hopeful Mohamed ElBaradie met representatives of farmers unions across the country on Monday to discuss the challenges faced by the agriculture sector. ElBaradei said that as part of…
Civilians flee Qaddafi hometown as medics warn of crisis
SIRTE: Anti-Qaddafi fighters tightened their siege of the ousted leader's hometown of Sirte on Monday as civilians poured out of the Mediterranean coastal city where doctors spoke of a growing…
Syrian tanks pound rebel town near Homs, 3 injured
AMMAN: Syrian tanks pounded a town on a strategic highway overnight, injuring at least three people during a military crackdown on dissent in the central region of Homs, activists and…