MB criticizes court’s ruling against Constituent Assembly formation
By Heba Hesham CAIRO: The Administrative Court of the State Council issued a ruling Tuesday invalidating parliament's decision regarding the makeup of the Constituent Assembly tasked with drafting Egypt's new constitution.…
Egypt stocks at 9-week low; profit-taking weighs on Saudi
By Nadia Saleem and Patrick Werr/Reuters DUBAI/CAIRO: Egypt’s main index fell 0.8 percent on Tuesday to its lowest close since Feb. 6, on its sixth day of decline. An Egyptian court…
Presidential rivals share secretive past
By Tom Perry / Reuters CAIRO: They sit at opposite ends of Egypt's political spectrum and one of them was jailed by a government in which the other was chief of…
In Egypt’s military, a march for change
By Marwa Awad / Reuters CAIRO: On a warm Wednesday morning last October, around 500 Egyptian army officers based at the Air Defense Institute on the outskirts of Alexandria staged…
Lebanon delays gas tenders, sets up administrator
By Laila Bassam / Reuters BEIRUT: Lebanon is delaying tenders for offshore exploratory drilling as it sets up an oil and gas oversight committee, but seismic tests suggest increasingly large potential…
Dubai’s Shuaa names Colin Macdonald as new CEO
By Mirna Sleiman / Reuters DUBAI: Shuaa Capital, the struggling Dubai-based investment bank, on Tuesday named a former ABN Amro banker as its new chief executive, replacing Michael Philipp who stepped…
Brotherhood holds Egyptian army to ransom on aid
By Una Galani / Reuters Breakingviews DUBAI: Egypt's Muslim Brotherhood is holding the army to ransom. The moderate Islamist movement, which won almost half the seats in recent parliamentary elections, says…
Ezz Steel 2011 net profit falls 20 pct
By Tamim Elyan / Reuters CAIRO: Egypt's largest steel producer, Ezz Steel, posted a 20 percent drop in 2011 net profit on Tuesday as soaring costs and higher taxes offset a…
Egypt urban inflation dips to 9 pct in year to March
By Sherine El Madany / Reuters CAIRO: The urban consumer inflation was 9 percent in the 12 months to March, down from 9.2 percent in February, figures on Egypt's state…
Egypt government launches CD sale to citizens abroad
By Patrick Werr / Reuters CAIRO: Egypt's government will begin selling three-year certificates of deposit (CDs) to Egyptians living abroad on Tuesday in a bid to reduce the country's balance of…