Kuwaiti cabinet resigns amid new political crisis
KUWAIT CITY: Kuwait's government handed in its resignation on Thursday, as a fresh political crisis brewed in the oil-rich emirate, State Minister for Cabinet Affairs Rudhan Al-Rudhan announced. In a…
‘Star Wars’ creator Lucas says 3-D will rule films
"Star Wars" creator George Lucas predicts 3-D filmmaking eventually will take over at the movies the way color replaced black and white. But Lucas and fellow technology pioneers James Cameron,…
Depp has more ‘Pirates’ adventures on the horizon
LAS VEGAS: Johnny Depp's tour guide on his "Pirates of the Caribbean" voyages is plotting the course for a fifth installment even before the fourth movie sails into theaters. Producer…
Lecico plans one-for-three bonus share issue
CAIRO: Egyptian ceramics company Lecico will issue one new share for every three held in a LE 100 million ($17 million) capital increase funded by retained earnings, the company said.…
EFG-Hermes Q4 net tumbles 62.2 pct
CAIRO: EFG-Hermes, Egypt's biggest investment bank, said on Wednesday fourth-quarter net profit tumbled 62.2 percent from a year earlier, as market conditions slumped further and 2011 would be difficult. Fourth…
On the State of Egypt: Local insight for an international audience
By Caroline Curran Lauded for his novels, infamous for his sometimes caustic, often overtly political writings, things are never dull with Alaa Al-Aswany — especially when so-called tyrants and hypocrites are…
Pyramids deserted as tourists still avoid Egypt
CAIRO: Tourists are staying away from Egypt two months after the start of a popular revolution that removed longtime president Hosni Mubarak. Their absence is dealing another blow to…
In new Egypt and Tunisia, some buyers return
LONDON: Stock markets in Egypt and Tunisia are starting to lure back foreign investors after the ousting of decades-old autocratic regimes, but some blue-chip shares could struggle because of links…
Higher deficit forecast brings subsidies into focus
CAIRO: Minister of Finance Samir Radwan raised the forecast for Egypt’s budget deficit to 9.1 percent of gross domestic product (GDP) for fiscal year 2011/12, from a previous 8.5 percent.…
Which side is the world on?
By Mai Yamani The revolutions in Tunisia, Egypt, Bahrain, Libya, and Yemen — and protests in Oman, Jordan, Saudi Arabia, and Syria — will all eventually result in a political solution.…