Evidence circumstantial, protesters not all ‘peaceful’, say lawyers in Mubarak trial
CAIRO: The defense team representing Hassan Abdel Rahman, former state security chief currently on trial for complicity in killing protesters alongside ousted President Hosni Mubarak, said Thursday that the evidence…
Post-Mubarak Egypt still finding its way
By Jailan Zayan / AFP CAIRO: The spectacular uprising that ousted Hosni Mubarak a year ago turned the political order upside down in Egypt where the former ruler is now in…
Egypt inflation eases slightly, economist warns of stagflation
CAIRO: Egypt's urban consumer inflation reached 8.6 percent in the year to January, down from 9.6 percent in December, as analysts said the numbers are much lower than expected given…
AIC sells 9.6 pct stake in Egypt’s Beltone
CAIRO: Egyptian investment firm Arabiyya Lel Estithmaraat's (AIC) said on Thursday it had sold its 9.56 percent stake in investment bank Beltone Financial Holding. AIC sold its 800,000 shares to…
Private equity may defy Middle East M&A gloom
DUBAI: A rebound in private equity activity in the Middle East is providing a ray of hope to the region's mergers and acquisitions business, which is struggling with weak asset…
Optimism toward politics buoys Egypt’s stock market
CAIRO/DUBAI: A strong performance by Egypt's stock market in the last few days, despite a string of negative political and economic news, suggests the market's year-long downtrend has ended and…
Army deploys nationwide amid protest calls
CAIRO: Egypt's army on Wednesday said it will deploy troops across the country after activists called for "civil disobedience" to mark the anniversary of strongman Hosni Mubarak's ouster, state media…
Suez Canal revenue up 7 pct in year to Jan
CAIRO: Revenue from Egypt's Suez Canal rose 7 percent in the year to January, the Egyptian Information Portal website showed on Thursday. Revenue rose to $445.8 million in January from…
Orascom, France Tel hold talks over Mobinil: source
CAIRO: Orascom Telecom Media and Technology is in discussions with France Telecom over the future of their Egyptian venture Mobinil, a person who said he was familiar with the discussions…
Top US general to visit Egypt amid tensions
WASHINGTON: The Pentagon's top general will visit Egypt for security talks amid tensions over Cairo's move to bring criminal charges against 19 US pro-democracy workers. Gen. Martin Dempsey, chairman of…