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…
‘King’s Speech’ reigns with best-picture Oscar
"The King's Speech" was crowned best picture Sunday at an Academy Awards ceremony as precise as a state coronation. The monarchy drama won an expected four Oscars, and predictable favorites…
Pressure mounts as Kadhafi loses west Libya towns
NALUT: Pressure mounted Monday on Libyan leader Moamer Kadhafi after his opponents overran towns in his traditional western stronghold and world leaders called for him to end his iron-fisted rule.…
Thousands of Yemenis protest, unrest high in south
SANAA/ADEN: Tens of thousands of protesters demanding the end of President Ali Abdullah Saleh's 32-year rule of Yemen joined demonstrations on Monday, while skirmishes in the south killed three soldiers…
UN delegation discusses ‘critical transition’
CAIRO: A high level delegation from the UN held talks with Egypt’s foreign minister and other cabinet officials in three days of meetings. Lynn Pascoe, the UN Under Secretary…
Omani protesters block road to port after 6 die
SOHAR: Omani protesters demanding political reforms blocked roads to a main export port and refinery on Monday and a doctor said the death toll from clashes with police in the…
US supports ‘national dialogue’ in Bahrain, says Obama
WASHINGTON: President Barack Obama extended US support Sunday for a "national dialogue" in Bahrain, and said it should be "inclusive, non-sectarian and responsive" to the people of the Gulf kingdom.…