The Galaxy Note 7's exploding battery debacle not only triggered a massive PR nightmare for Samsung, but its withdrawal was instrumental in the company incurring revenue losses.
Due to this situation, shares of Samsung Electronics dropped soon after (...)
Canada's Bombardier Inc and Egypt's government discussed Tuesday steps to build a 35km monorail on the outskirts of Cairo, Egypt's cabinet spokesman said in a statement -- a project first announced in mid-2015.
The 35km train will connect 6 October (...)
Japan's exports fell sharply in April and manufacturing activity suffered the fastest contraction since Prime Minister Shinzo Abe swept to power in late 2012, providing further evidence that the premier's Abenomics stimulus policy is struggling for (...)
Islamist militants seized four Indonesian crew of a tugboat in the southern Philippines on Friday night, the third attack on slow moving vessels in about a month, a military spokesman said on Saturday, as troops battled Muslim rebels on a nearby (...)
Crude futures rose on a raft of supportive indicators on Thursday, although some traders warned that physical supply and demand fundamentals did not warrant a strong price recovery at this stage.
International Brent futures LCOc1 jumped above $40 (...)
Asian shares pared losses on Monday as a weaker yen helped Japan's Nikkei snap a four-day losing streak, but trade was thin with many regional markets closed for the Lunar New Year holiday.
Wall Street's losses on Friday curbed overall sentiment, (...)
Egypt's National Cement has obtained total revenues estimated at 328.164 million Egyptian pounds (US$41.9 million) during the first six months of financial year 2015-16 opposed to 411.544 million pounds a year earlier.
According to firm's financial (...)
The Egyptian Ministry of Health warned on Wednesday pregnant Egyptian women against travelling to South and Central America over risks of contracting the Zika virus.
Earlier this week, the World Health Organisation (WHO) declared that a surge in (...)
The U.S. Navy released black-and-white video on Saturday it said was taken by an American helicopter showing an Iranian Revolutionary Guards vessel firing unguided rockets on Dec. 26 near warships including the aircraft carrier USS Harry S Truman in (...)
President Abdel Fatah al Sisi headed to Farafra Oasis in Egypt's Western Desert Wednesday to launch the first phase of a national mega project aims to expand the country's farmland by 1.5 million feddans.
"The first phase includes reclaiming 10,000 (...)
At least six people were injured, with three in a critical condition, after a series of bomb blasts on Saturday at a Hindu religious gathering in northern Bangladesh, a police official said.
The attack follows the shooting and wounding of an Italian (...)
The Samsung Galaxy S4′s tagline — “The next big thing is here" – is a telling pitch. The Galaxy is the world's second best-selling phone, behind the iPhone. And the latest version unabashedly claims that bigger is better. But considering the S4 in a (...)
At a Saturday press conference, Egyptian Interior Minister Mohamed Ibrahim voiced his willingness to withdraw a complaint filed earlier against April 6 Youth Movement founder Ahmed Maher.
Maher was arrested on Friday afternoon upon his arrival to (...)
Minister of Defence Abdel-Fattah El-Sisi stressed Saturday his refusal to resort to military force in order to solve an ongoing saga over Egypt's share of the Nile water.
"We want to live and they [Ethiopians] want to live, so we have to find a (...)
Sharp Corp, Japan's leading maker of liquid crystal displays, will rely on expanding supplies of small panels to Samsung Electronics Co while still shipping screens to rival Apple Inc, in a bid to raise factory output levels and remain viable, three (...)
A senior Iranian oil industry official says the country's gas production capacity will increase by 100 million cubic meters per day by the end of the current Iranian year (March 20, 2014).
“According to plans, the country's gas production capacity (...)
Emirates has announced that it plans to trial new shisha lounges aboard its A380 fleet. In a statement released this morning, the Dubai-based airline revealed that the lounges would be available to business and first class passengers on several of (...)
Visa Inc. (NYSE: V) today announced financial results for the Company's fiscal second quarter 2013 ended March 31, 2013.
Net income for the quarter was $1.3 billion or $1.92 per share, an increase of 17% and 20%, respectively, over the prior year (...)
VODAFONE is set to call time on more than a decade of ever-increasing rewards for investors as the economic slump in Europe exacts a heavy toll.
The mobile phone giant has increased payouts every year since 2000 and is expected to deliver a whopping (...)
Former Egyptian leader Hosni Mubarak said it was too early to judge President Mohamed Morsi, saying the Islamist politician faced a difficult job, in comments billed as his first interview since his removal from power in 2011.
El-Watan newspaper (...)
More than 10,000 Israelis marched here late Saturday to protest a budget proposal submitted by Finance Minister Yair Lapid earlier this week.
Meanwhile, similar protests of smaller scales were also held in other cities including Jerusalem, Haifa and (...)
The Bahrain based leading Islamic banking group, Al Baraka Banking Group B.S.C (ABG) announced that its net income increased by 15% and total operating income by 16% in the first quarter of 2013 compared to the same period of 2012. Similarly, (...)
Standard and Poor's (S&P) credit downgrade, reducing Egypt's foreign and domestic long-term rating to 'CCC+' and foreign and local short-term rating to 'C' is the latest in a series of such actions taken by the most prominent international rating (...)
Saad El-Katatni, head of the Muslim Brotherhood's Freedom and Justice Party (FJP), said he hopes the liberal Free Egyptians Party will up its cooperation with different political forces under newly elected party president Ahmed Saied.
El-Katatni's (...)
THE trade of the 18 countries in the Greater Arab Free Trade Area (GAFTA) grew 11 percent in 2012 to $2.1 trillion, according new IMF trade data. This built on two prior years of strong trade growth of over 20 percent, Qatar Tribune (...)