Oil around $107, impact of IEA release fades
LONDON: Oil's sharp sell-off paused on Friday as the impact of a surprise announcement of emergency fuel stocks from consumer nations faded. Brent crude futures eased 54 cents to $106.72…
ANALYSIS: Egypt likely to hold off on foreign bond sale
CAIRO: Egypt is unlikely to tap the international bond market in the next few months despite a hefty budget deficit since political uncertainty would drive up costs and the…
Marriott outlines plans for Egypt venues
CAIRO: Despite a 60-70 percent decrease in occupancy during this season, Marriott remains committed to the Egyptian market. With leisure travel battering the hotel’s business in resort destinations like Sharm…
WADA lab errors falsely accused athletes of doping
LAUSANNE: Egypt international footballer Hossam Ghaly and an American female marathon runner were falsely suspected of doping because of a Malaysian laboratory's mistakes, according to a Court of Arbitration for…
Activists say revolution must go ‘back to basics’
By Jailan Zayan /AFP CAIRO: Egyptian activists are calling for a massive rally on July 8 to "save the revolution" that toppled Hosni Mubarak, urging politicians to drop debates on the…
Cabinet, political powers hail Azhar’s call for democratic state
By Heba Fahmy CAIRO: Egypt’s Cabinet and different political powers hailed an Al-Azhar document calling for a "modern, democratic" and secular state in Egypt. Deputy Prime Minister Yehia El-Gamal commended the…
Two years on, Jackson death still casts shadow
Two years after Michael Jackson's shock death, the mystery over exactly how he died continues to fuel legal wrangling, conspiracy theories and family strains over the King of Pop's clouded…
Witness: Airstrike wounds 3 militants in Somalia
MOGADISHU: An airstrike from military aircraft hit a convoy carrying Al-Qaeda-linked militants near the coast of southern Somalia, witnesses said Friday. A militant leader confirmed that fighters were wounded. According…
EU names Iranian Guard commanders in Syria sanctions
BRUSSELS: The European Union published extended sanctions on Syria on Friday, including the names of three commanders of Iran's Revolutionary Guard accused of supporting Syrian President Bashar Al-Assad's suppression of…
Israeli, Palestinian rights groups unite for Shalit
JERUSALEM: Israeli, Palestinian and international human rights groups issued a joint statement on Friday demanding that Gaza insurgents end "inhumane" treatment of an Israeli soldier they hold captive. …