Brotherhood defends Al-Shater’s nomination, Abdullah Al-Asha’al backs him
By Mai Shams El-Din CAIRO/ALEXANDRIA: The Muslim Brotherhood group and its political arm the Freedom and Justice Party (FJP) defended at a press conference on Tuesday their decision to nominate the…
Egypt Brotherhood candidate stirs unease
By Sarah El Deeb / AP CAIRO: The Muslim Brotherhood's surprise decision to field a presidential candidate is stirring fears that the two biggest powers to emerge from the ouster of…
Report highlights lack of political will to provide information to journalists
By Heba Hesham CAIRO: There is no political will to provide easy access to information to journalists and media professionals, a report concluded at a launch Tuesday. The Arab Network for…
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…