Egyptians make use of curfew hours in changing nightlife
T hough many have accused residents of Cairo’s upscale neighborhood Zamalek of ignoring the on-goings of the revolution, filling up coffee shops and restaurants, one must confess that it's been…
Mideast unrest to hit Morocco bourse IPOs: CEO
LONDON: Protests sweeping the Middle East and North Africa may have diminished the prospects for more initial public offerings (IPOs) on Morocco's bourse this year, its chief executive said on…
AlembicHC cuts target on Air Arabia
CAIRO: AlembicHC cut its share-price target on Air Arabia and forecast a 5 percent drop in the low cost carrier's 2011 profit citing rising fuel prices. The brokerage, which retained…
Egypt pound trades at weakest in more than 6 years
CAIRO: The Egyptian pound slid on Thursday to its lowest level since January 2005, but later regained some ground after foreign investors bought pounds to invest in the stock exchange,…
CFAs see negative or flat growth for Egypt, Bahrain equities
CAIRO: Egyptian and Bahraini equities have the least optimistic outlook in the region, according to a recent survey of Chartered Financial Analysts (CFA). Amid political waves and economic turbulence seeping…
Egypt’s broad index ends green as stakeholders rally to support market
CAIRO: Egypt’s broad EGX 100 index closed up 0.86 percent, gaining 813 points on the second day of trading since Jan. 27. The EGX 30 index fell 3.73 percent, opening…
Gates assures Egypt on sustained US aid
CAIRO: US Defense Secretary Robert Gates assured Egypt's military ruler of sustained American aid on Thursday, as Cairo warned that tourism revenue is nose-diving in the wake of the uprising…
Egypt FM warns Israel against attacks on Gaza
CAIRO: Egyptian Foreign Minister Nabil Al-Araby on Wednesday urged Israel to exercise restraint and refrain from launching any attacks on Gaza after a bomb attack in Jerusalem killed one person.…
Egypt’s Tantawi ‘not a reformer’: Western official
CAIRO: Egypt's de facto leader, Field Marshall Hussein Tantawi, who heads a military council that has pledged to bring democracy to Egypt, is "not a reformer", a Western official said…
Egypt to stay out of Libya conflict: Western official
CAIRO: Egypt will not take part in the conflict in Libya, where the United States, Britain and France are leading efforts to enforce a no-fly zone to protect civilians, a…