Five parties eye Egypt arm of Greece’s Piraeus Bank: sources
By Dinesh Nair and David French / Reuters DUBAI: The sale of the Egyptian arm of Greece's Piraeus Bank, valued at over $200 million, has attracted five potential bidders from the…
Islamic finance pressured to join accounting mainstream
By Anjuli Davies / Reuters LONDON: Rapid growth of Islamic finance is increasing pressure for the industry to enter the accounting mainstream, by seeking guidance from the International Accounting Standards Board…
Political uncertainty plagues Egypt stocks
By Tom Pfeiffer and Nadia Saleem / Reuters CAIRO/DUBAI: Political uncertainty is sapping demand for Egyptian equities and is likely to take the momentum out of any rebound in the coming…
Emirates increases weekly flights to Cairo
By Reem Abdellatif CAIRO: Emirates Airlines increased its flights to Cairo to 13 per week after witnessing a continuous growth in passenger and cargo demand from Egypt to the United Arab…
Egypt denies rocket was fired from Sinai
By Agencies CAIRO/JERUSALEM: Egypt denied in an official statement Thursday that the rocket that slammed into the Israeli Red Sea resort of Eilat was fired from the Sinai Peninsula. Egyptian…
Healing the sick man of South Asia
LAHORE: Pakistan is undergoing three transitions simultaneously. How they unfold matters not only for Pakistan, but also for much of the Muslim world, particularly as the Arab Spring forces change…
Mr Successful and SCAF
CAIRO: Once more the Muslim Brotherhood’s Guidance Bureau has presented Egyptian politics with a black box by fielding their business tycoon Khairat Al Shater in the presidential race. This move…
The energy deficit
MILAN: I have been surprised by the recent coverage in the American press of gasoline prices and politics. Political pundits agree that presidential approval ratings are highly correlated with gas…
Whose World Bank?
NEW YORK: US President Barack Obama’s nomination of Jim Yong Kim for the presidency of the World Bank has been well received — and rightly so, especially given some of…
Al Jazeera sees sporting chance of global media brand
By Leila Abboud, Gwénaëlle Barzic and Keith Weir / Reuters PARIS: Al Jazeera, best known for its Middle Eastern news coverage, is taking aim at Europe's pay-TV market, using sport to…