ICoast museum mourns stolen artifacts
By Christophe Koffi/ AFP Bullet holes pock the vault door and empty display boxes litter the showroom floor of Abidjan's Museum of Civilization, robbed of 100 ancient artifacts under the cover…
Sufi Qawwali: Song of the soul
“There is God between me and every breath that I take.” With such profound lyrics and enchanting music, the fourth edition of the Sufi Music and Chanting Festival got off…
ANHRI slams Saudi Arabia
CAIRO: The Arab Network for Human Rights Information (ANHRI) has called on the Egyptian government to take action against the government of Saudi Arabia which it says “continues to exploit…
Chronicles of a bourgeoisie foodie: For tradition’s sake
Traditionally, on every family’s dining table come iftar time there would be a small offering of fuul, the most dependable and over-consumed of Egyptian staples. In my family, fuul…
Melrose cuts FY production outlook; eyeing asset buys
BANGALORE: Melrose Resources cut its full-year production forecast for the second time in four months, as the oil and gas explorer was hit by mechanical problems and disappointing well results…
Mideast economy hoping for Ramadan rebound
DUBAI: Businesses in the Middle East are betting that Ramadan, the high-grossing annual Muslim month of fasting and reflection, will be able to shake off any dip in spending due…
Nomura cuts price target on Telecom
CAIRO: Nomura cut its price target on landline monopoly Telecom Egypt Co SAE citing lower long-term revenue growth expectations from the company. The brokerage, which cut its price target on…
OCI wins power station deal worth $181 mln
CAIRO: Egypt's Orascom Construction (OCI) was awarded a project worth $181 million to build a 1,500 megawatt power station in Giza, the company said on Wednesday. OCI said the project…
Actis acquires Jordan card company for $87 mln
CAIRO: Actis, a pan-merging markets private equity investor, said Tuesday that their payment platform acquired Visa Jordan Card Services (VJCS) for $87 million. “The EMPH acquisition indicates confidence in the…
Mobinil shareholder Sawiris says no stake sale plan
CAIRO: Egyptian telecoms magnate Naguib Sawiris said on Wednesday he had no plans to sell shares in Mobinil, a mobile phone joint venture with France Telecom. Mobinil shares…