Islamist parties take the lead in preliminary election results
CAIRO: Preliminary results showed Islamists taking the lead in the first phase of Egypt’s parliamentary elections, with fierce competition between two main coalitions and with the liberal Egyptian Bloc. The…
Egypt’s police ‘eye sniper’ turns himself in: official
CAIRO: A policeman nicknamed the "eye sniper" after he was filmed apparently aiming rubber bullets at protesters' heads during clashes in Cairo has handed himself in for questioning, a senior…
Analysis: New parliament to shake up Egypt power balance
By Tom Perry / Reuters CAIRO: Egypt's new parliament could enjoy a popular mandate not seen for decades, bringing a new force to bear on the ruling military council and shaking…
Freedom and Justice, Al-Nour parties face off in Damietta
CAIRO: Nine days after ending the sit-in at MOPCO petrochemicals company, Damietta’s residents queued outside polling stations to vote for their representative in parliament. "It's a lovely feeling to know…
Egypt finance minister Beblawi says not yet asked to stay on
CAIRO: Egyptian Finance Minister Hazem El-Beblawi said on Wednesday he had not yet been asked to stay in his post in a new Cabinet due to be formed by the…
Arab League chief to meet EU foreign ministers Thursday
PARIS: The head of the Arab League will attend a meeting of European Union foreign ministers in Brussels on Thursday to discuss the situation in Syria, France said on Wednesday.…
Surging wages are risk, reward of Arab Spring
DUBAI: Under the threat of a strike this year, Egypt's El Nasr Clothing & Textile Co said it was raising wages 15 percent and boosting workers' allowances, giving permanent contracts…
SODIC swings to third-quarter loss
CAIRO: SODIC, Egypt's third-biggest listed property developer, said on Wednesday it swung to a third-quarter loss of LE 38 million ($6.3 million) on sales of 305 million. SODIC, which does…
Mideast private equity feels chill of regional unrest
DUBAI: Private equity firms in the Middle East, grappling with regional political turmoil and investor unease about the global economy, face a grim immediate outlook but are making preparations for…