Egypt court cases, Gulf earnings in focus
DUBAI: Middle East markets will grapple with divergent catalysts next week, from positive bank results in the UAE to court cases that are causing jitters in Egypt. The earnings news…
200 quit Syria’s ruling party to protest crackdown
BEIRUT: More than 200 members have quit Syria's ruling Baath party in the southern province at the epicenter of the country's uprising to protest President Bashar Assad's brutal crackdown on…
Telecom Egypt says CEO to step down
CAIRO: Telecom Egypt said chief executive Tarek Tantawy was stepping down to pursue other career opportunities. Chief technology officer Mohammed Abdel Rehim Hassanein will be interim CEO until a permanent…
Bahrain sentences 4 Shia protesters to death
DUBAI: A military court in Bahrain on Thursday convicted four Shia protesters and sentenced them to death for the killing of two policemen during anti-government demonstrations last month in the…
Yemen opposition warns bloodshed may derail deal
SANAA: Yemen's opposition warned the government on Thursday that violence against street protesters demanding the ouster of President Ali Abdullah Saleh could derail a draft deal to end the political…
Libya’s Qaddafi trains volunteer army to fight NATO
TARHUNAH: The man squats down and fires. A rocket-propelled grenade shoots into the desert to calls of "Allahu Akbar", God is Greatest. Another man takes his place. These are members…
Egypt says has up to $12 bln funding gap: IMF
DUBAI: Egypt has indicated it needs up to $12 billion to meet a funding gap but has yet to formally request a loan from the International Monetary Fund, an IMF…
Egypt regulator allows extra month for results
CAIRO: Egypt's financial market regulator EFSA said on Wednesday it had decided to give companies an extra month to submit their year-end 2010 and first-quarter 2011 results. "The board has…
Palm Hills plans to appeal court land sale verdict
CAIRO: Egyptian property developer Palm Hills said on Wednesday it planned to appeal against a court verdict scrapping a sale of state land to the company. The verdict on Tuesday…
Mexico returns smuggled ancient Egypt artifact
MEXICO CITY: Mexico's antiquities authority said Wednesday it had returned a 4,000-year-old statue to Egypt five years after it was first detected by customs agents. The National Institute of Archaeology…