PEC tasks sub-committee with monitoring presidential campaign funds
By Amir Makar CAIRO: In a bid to tighten oversight of campaign funding, the Presidential Election Committee (PEC) created a sub-committee this week concerned solely with financial auditing of electoral campaign…
Dubai’s Drydocks World edges closer to restructuring approval
By David French / Reuters DUBAI: Drydocks World, which is testing a form of insolvency protection drawn up in response to Dubai's 2009 debt crisis, has 87 percent of creditors signed…
Tighter spreads to drive sukuk issuance: HSBC
By Bernardo Vizcaino / Reuters DUBAI: Issuance of Islamic bonds will be stimulated by a tightening of yields versus conventional bonds as banks chase a finite amount of quality sukuk instruments,…
Egypt investors shift to longer-term debt: analysts
By Tom Pfeiffer and Patrick Werr / Reuters CAIRO: Growing local appetite for medium-term Egyptian government debt helped push the average yield on three-year bonds lower at an auction on Monday…
SODIC sees no impact from ruling against ex-chairman
By Dina Zayed / Reuters CAIRO: Egypt's SODIC, the country's third-biggest listed developer, said on Tuesday a court ruling that fined and sentenced its former chairman to prison over graft charges…
US congressional delegation downplays meeting with MB presidential hopeful
By Reem Abdellatif CAIRO: Just a day after the Muslim Brotherhood unexpectedly announced they would nominate a candidate for Egypt’s upcoming presidential race, a US congressional delegation met with Khairat Al-Shater,…
Who’s Afraid of Europe’s Human-Rights Court?
By James A. Goldston and Yonko Grozev SOFIA: At a time when the ongoing European debt crisis is fracturing public faith in the continent’s political and economic institutions, one would expect…
The hazard of second best
By Mohamed A. El-Erian NEWPORT BEACH: The international community risks settling for second best on two key issues to be discussed this month at global meetings in Washington, DC: the lingering…
Sky-high protectionism?
By Jean Pisani-Ferry BRUSSELS: A new controversy has emerged between the European Union and several of its main trade partners since the EU decided to include in its CO2 emission-control scheme…
British Muslims transcending differences
By Mubashir Khan LONDON: Can love really bring people together, crossing boundaries and breaking down barriers? It sounds like the stuff of fairy tales and movies, but recently in a little…