Gazans hope new Egypt regime will end blockade
RAFAH: A rare euphoric mood is sweeping through the Gaza Strip, where people are hoping the downfall of Hosni Mubarak will give the coastal territory a chance to get out…
Egypt’s pound depends on political progress
CAIRO: Egypt's new government has little time to get a credible political process in place before it risks renewed and possibly unsustainable pressure on its currency. The revolution that ousted…
Activist files complaint against detention, maltreatment by army
By Mai Shams El-Din CAIRO: An activist filed a complaint to the Prosecutor General Monday against the detention and maltreatment of protester Amr Abdullah El-Behairy by military police. Laila Soueif, a…
Dubai at 6-yr low, mkts slide on unrest
DUBAI: Dubai's index tumbled to a six-year low and Oman made its largest drop in two years on Monday as widening protests in the sultanate and a steep drop in…
Egypt’s Nasr City posts lower half-year profit
CAIRO: Egyptian property developer Nasr City Housing posted a 1.3 percent decline in unaudited net profit for its first six months of its financial year, on weak sales, the firm…
Sony Ericsson confirms focus in Egypt
Sony Ericsson, one of the major mobile phone manufacturers in the world, announced its absolute belief and confidence in the Egyptian market assuring the continuation of the company's focus and…
MENA funds suspend redemptions on Egypt market woes
DUBAI: Investment funds operating in the unsettled Middle East North Africa (MENA) region are refusing redemption requests by clients following a prolonged closure of Egypt's bourse and a slump in…
Stock exchange head says was not pressured to resume trading
CAIRO: Khaled Serry Siam, chairman of the Egyptian Stock Exchange, said in a press conference Monday that the decision to resume trading was taken by him as well as the…
Journalists’ Syndicate fails to reach quorum for general assembly
CAIRO: A scheduled Journalists’ Syndicate general assembly, aimed at discussing the performance of the syndicate's board and head, failed Monday for the second time to reach quorum, forcing the…
Oscarcast: Young co-hosts, but the same old show
It seemed like a good idea: Pair the shiny, lovable James Franco and Anne Hathaway as co-hosts of the Oscars to give it some youthful pizzazz. On first taking the…