Egypt to sell first domestic bonds since uprising
CAIRO: Egypt's finance ministry will sell LE 3 billion ($503.8 million) in two-year bonds next week, the first domestic bonds it has offered since Egypt's political uprising erupted on Jan.…
Thousands rally in Morocco over reform plan
RABAT: Thousands of supporters and opponents of constitutional changes offered by Morocco's king protested on Sunday, indicating debate over the country's future sparked by the "Arab Spring" uprisings has not…
Egypt c.bank approves Piraeus unit sale process: paper
CAIRO: Egypt's central bank has given preliminary approval for due diligence to start on the Egyptian unit of Greece's Piraeus Bank after Standard Chartered showed interest in buying it, a…
Global consumer confidence at lowest since late 2009: Nielsen
LONDON: Global consumer confidence fell in the second quarter to its lowest level in a year and a half as an uncertain economic outlook, a deepening euro zone debt crisis…
Libya rebels report heavy street fighting in Brega
BENGHAZI: The battle for the Libyan oil town of Brega switched from the desert to intense street fighting, as veteran leader Moamer Qaddafi vowed never to quit and fresh blasts…
Egypt dips on fragile political outlook
CAIRO: The stock market benchmark index fell 1.7 percent, a day after the appointment of a new finance minister boosted the index. Worries persisted over whether Egypt can…
Killing of adviser another blow to Afghan leader
KABUL: Gunmen strapped with explosives killed a close adviser to President Hamid Karzai and a member of parliament on Sunday in another insurgent strike against the Afghan leader's inner circle.…
Citadel Capital reports losses amid Egypt turmoil
CAIRO: Cairo-based private equity firm Citadel Capital announced $4.5 million in Q1 net losses on revenues of $2.7 million, with new ventures into new equity investments worth $15 million.…
Under-fire PM pushes on with cabinet reshuffle
By AFP CAIRO: Prime Minister Essam Sharaf was Monday finalizing a cabinet reshuffle aimed at deflecting anger at the slow pace of reform, while officials denied former president Hosni Mubarak…
Lawyer says Mubarak in a coma, state TV denies
By Agencies CAIRO: Egypt’s ousted President Hosni Mubarak, who was toppled in February and who has been detained in a hospital in Sharm El-Sheikh, has fallen into a coma, his…