Airlines set for losses as Mideast unrest hits
DUBAI: Airlines operating flights to the Middle East and North Africa could face losses this year, as tourism slumps and oil prices surge amid political uncertainty and escalating violence. Libyan…
Lecico unaudited net profit drops 14 pct in 2010, seeks bonus issue
CAIRO: Egyptian ceramics maker Lecico said its unaudited consolidated net profit dropped 14.3 percent in 2010 to LE 94.4 million, according to a statement. The figure is down from last…
Egypt bourse to stay shut until Tuesday: agency
CAIRO: Egypt's stock exchange, closed since Jan. 27 because of an uprising that toppled president Hosni Mubarak, will not open before Tuesday, Egypt's official MENA news agency quoted the bourse's…
IMF to set new indicators to track global recovery
CAIRO: While generally the global growth has resumed, it is uneven across and within countries, according to the International Monetary Fund. While speaking after meeting with finance ministers and central…
Former information minister, state TV boss arrested
By Hamza Hendawi / AP CAIRO: Egyptian authorities on Thursday arrested the country’s former information minister and the chairman of state TV and radio on corruption allegations, security officials said. The…
Copts protest monastery ‘break-in’ in Tahrir Square
By Essam Fadl CAIRO: Over 2,000 Copts demonstrated in Tahrir Wednesday and Thursday to protest the alleged “breaking into a monastery and the assault on its monks by army forces.” The…
Omar Suleiman survived assassination bid, says FM
By Marwa Awad /Reuters CAIRO: Egypt's foreign minister said Omar Suleiman, vice president under ousted President Hosni Mubarak, had survived an assassination attempt, state news agency MENA said, citing a television…
Tahrir squared
By H. A. Hellyer It took everyone by surprise. It took the regime by surprise. It took the world by surprise. But more than anyone, it took the Egyptian people by…
Israel’s road to a warm peace with Egypt
By Michael Felsen BOSTON, Massachusetts: As echoes of the ouster of Israel’s “cold peace” partner, Hosni Mubarak, reverberate throughout the Middle East and beyond, the people of Israel are now faced…
The battle for Bahrain
By Barak Barfi MANAMA: The fervor for change that inspired revolutions in Tunisia and Egypt is now rocking Bahrain. But the uprising in Manama differs from the mass protests that turned…