Small Mideast, North Africa funds face survival fight
Those are the options in a time of political turmoil for some Middle East and North Africa fund managers facing muted inflows, miniscule assets under management and high operating costs.…
AUC law professor to be tried before a military court
By Mai Shams El-Din CAIRO: Law professor at the American University in Cairo Amr El-Shalakany was arrested two days ago and will be tried in a military court in Suez, according…
Rights group condemn Hisba case against writer
CAIRO: The Arabic Network for Human Rights Information (ANHRI) condemned in a statement Thursday a Hisba complaint filed against writer Karam Saber earlier this month for contempt for religion in…
FIHC tenders for at least 25,000 tons of soyoil
HAMBURG: Egypt's state owned Food Industries Holding Company (FIHC) has issued an international tender to purchase at least 25,000 tons of soyoil, European traders said on Thursday. It was for…
HSBC to slash up to 3 pct of MidEast workforce
DUBAI: HSBC, Europe's largest bank, plans to cut its Middle East workforce by up to 3 percent, the lender said in an emailed statement on Wednesday. "Fewer than 3 percent…
Egypt central bank leaves interest rates steady amid turmoil
CAIRO: Egypt's central bank kept its key overnight interest rates steady on Thursday in a bid to foster economic growth without reigniting the high inflation that had sparked unprecedented protests…
Pro-Gaddafi forces clash with Tunisian military
DEHIBA: Forces loyal to Libyan leader Muammar Gaddafi crossed into neighboring Tunisia and fought a gun battle with Tunisian troops in a frontier town on Friday as Libya's conflict spilled…
Syrian security forces open fire at protests
BEIRUT: Syrian security forces opened fire on a demonstration Friday in the coastal city of Latakia — the heartland of the ruling elite — wounding at least five people as…
Yemeni protesters decry Saleh transition deal
SANAA: Vast crowds of Yemenis took to the streets on Friday to demand the immediate departure of President Ali Abdullah Saleh, instead of the phased handover of power envisaged by…
17 drown as Beni Souif ferry capsizes
CAIRO: Seventeen people drowned when a bus fell off a ferry into the Nile River in Beni Souif, security officials said. Police officials said five were still missing after 10…