SANAA: Yemeni President Ali Abdullah Saleh's ruling party will meet for crisis talks on Sunday after Saleh said he was ready to hand over power on condition he be allowed to leave with dignity.
Saleh, who is under pressure from tens of thousands (...)
SANAA: President Ali Abdullah Saleh said on Friday he was ready to cede power to stop more bloodshed in Yemen but only to what he called "safe hands" as tens of thousands rallied against him in "Day of Departure" protests.
Western countries are (...)
SANAA: A top Yemeni general who has thrown his weight behind street protests demanding the immediate resignation of President Ali Abdullah Saleh said he has no desire to take power or hold political office.
General Ali Mohsen, who sent troops to (...)
SANAA: Yemen opposition groups called on protesters to march on President Ali Abdullah Saleh's Sanaa palace on Friday to demand he step down, hoping to end a crisis that his allies abroad fear will benefit Islamic militants.
"Friday will be the (...)
CAIRO: Egypt's central bank cancelled an auction of 91-day treasury bills that it originally planned to issue on Nov. 23, it said on Sunday.
The central bank gave no reason for the cancellation, which is not uncommon, but treasury dealers said (...)
CAIRO: UAE-based low cost airline Air Arabia will begin flights on its new Egypt-based carrier in June after it received an operating certificate from Egyptian authorities, the company said on Saturday.
Air Arabia, the Arab world's largest listed (...)
CAIRO: Orascom Telecom net income more than doubled in the third quarter of 2009 as customer numbers climbed 12 percent, the company said in a statement, exceeding analysts estimates.
Orascom Telecom s net profit rose to $180.9 million for the (...)
CAIRO: Egypt s GB Auto posted a 64 percent drop in net income to LE 63.9 million ($11.7 million) for the third quarter of 2009, missing forecasts by two analysts, but said it saw an upturn in the car market.
Strong quarter-on-quarter earnings and (...)
CAIRO: Fixed-line monopoly Telecom Egypt posted lower third-quarter profit as rivals from the mobile sector continue to lure away voice and data clients and push the firm to open up to new revenue streams.
Third quarter net profit fell 13 percent (...)
CAIRO: Fixed-line monopoly Telecom Egypt has started rolling out fiber optic cable networks near Cairo to offer triple play services, the company said, after the government announced a telecoms tender.
The move by the state-owned group comes as (...)
CAIRO: Suez Cement, one of Egypt s largest listed cement makers, plans to begin importing clinker and bagged cement to meet growing demand in the Egyptian market, the company said on Monday.
Suez Cement, whose five plants are operating at full (...)