Sarkozy says influential Muslim cleric not welcome in France
By AFP PARIS: President Nicolas Sarkozy said on Monday that influential Qatar-based Sunni Muslim cleric Yusuf Al-Qaradawi was not welcome in France. Egyptian-born Qaradawi, 86, has been invited to visit next…
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…