EU trade chief urges closer ties with North Africa
BRUSSELS: Europe's top trade negotiator called for greater commercial ties with North African states making the transition to democracy on Thursday, saying he will unveil new proposals to achieve this…
Egypt expects higher current account deficit in third quarter
CAIRO: Egypt's central bank (CBE) expects its current account deficit at the end of the third quarter of the current financial year to double over the previous quarter, reaching a…
Investors wary as stock market remains closed, GDRs drop
CAIRO: Commercial International Bank’s global depositary receipts (GDRs) dropped 15 percent in London last week, reaching their lowest level since July. “CIB has the largest tradable free float and so…
‘Two dead, church torched’ in Egypt sectarian clash
By AFP and Daily News Egypt's Essam Fadl CAIRO: Over 1,000 Copts and Muslims protested for the second day in front the television building against the burning of a church…
Former interior minister’s trial adjourned to April 2
By Heba Fahmy CAIRO: The trial of former interior minister Habib El-Adly was adjourned to April 2 to allow the defense team time to prepare for the case and review…
Protesters enter State Security headquarters
By Sarah Carr CAIRO: What started as a small demonstration of around 80 at 4 pm in front of Nasr City’s State Security headquarters on Saturday grew steadily as onlookers…
Cut and Paste: Considerations for a new Egyptian government
By Tamer Bahgat and Khalid El-Sherif “We are no longer slaves, and from this day forward, we shall not be inheritable!” Ahmed Orabi, Sept. 9, 1881 The fall of the…
Standoff between Lotus Air employees and manager almost resolved
CAIRO: The Lotus Air offices in Heliopolis have been the site of a workers’ strike rarely, if ever, seen in Egypt. In a leafy road behind the Fairmont Hotel, employees…
Kuwait’s Zain swings to Q4 net profit
KUWAIT: Kuwaiti mobile operator Zain swung to a small profit in the fourth quarter, according to Reuters calculations, missing analysts' estimates. Zain, subject to a $12 billion takeover bid from…
Oil climbs higher on Libya conflict
LONDON: Crude oil rose on Friday, with Brent above $116 a barrel, as Libyan security forces began a violent crackdown on protesters in Tripoli and clashed with rebels near a…