Egypt’s Islamists tighten their grip on power
By Hamza Hendawi / AP CAIRO: Egypt's newly empowered Islamists have tightened their grip, giving themselves a majority on a 100-member panel tasked with drafting a constitution that will define the…
NY exhibit focuses on early career of Keith Haring
The bohemian atmosphere of downtown New York in the 1970s and 1980s had a huge impact on the art of Keith Haring, from his impromptu subway chalk drawings to his…
Saudi Electric may go for long sukuk tranche
By Mala Pancholia / Reuters DUBAI: Massive demand for Saudi Electricity Co's (SEC) first international sukuk issue may prompt the company to include a rare long-dated tranche — and could encourage…
DP World to repay $3 bln October loan early with cash
By Praveen Menon / Reuters DUBAI: DP World, the world's third-largest port operator, will repay a $3 billion loan six months ahead of schedule, it said on Monday, the latest Dubai…
Egypt blames hoarding for renewed fuel shortages
By Tom Pfeiffer / Reuters CAIRO: A second wave of fuel shortages in Egypt this year has left drivers fuming in long queues at gas stations, disrupted business and led the…
Egypt Q4 balance of payments deficit $5.7 bln
By Patrick Werr / Reuters CAIRO: Egypt's balance of payments slid into a deficit of $5.65 billion in the politically-fraught final quarter of 2011, turning around a year-earlier surplus of $557.0…
EFG Hermes and QInvest may merge units
By Nadia Saleem and Patrick Werr / Reuters DUBAI/CAIRO: Egyptian group EFG Hermes and Qatari Islamic investment bank QInvest are in talks about a possible merger of some operations to create…
CI Capital raises Ezz Steel to buy
By Reuters CAIRO: Egypt's largest steel producer Ezz Steel will benefit from the reinstatement of operating licenses for two of its plants after paying a fee, said CI Capital Research…
Islamists dominate Constituent Assembly, some elected members walk out in protest
By Heba Hesham CAIRO: Politicians denounced the make-up of the 100-member Constituent Assembly, elected by parliamentarians on Saturday, saying it was dominated by Islamists as expected. The assembly, comprised of 50…
More Egyptians view US relations unfavorably following NGOs row
By Heather Moore CAIRO: In the wake of strained Egyptian-American relations over the NGOs’ case last month, a new Gallup poll survey shows most Egyptians do not want closer relations to…