Culture minister resigns in protest at Tahrir violence
CAIRO: Minister of Culture Emad Abou Ghazi resigned Monday "in protest at the government's handling of the recent events in Tahrir Square," he told state news agency MENA. …
China’s Ai Weiwei says under investigation over porn
Chinese police are investigating Ai Weiwei on pornography charges, the artist said Friday, in the latest move against the outspoken government critic following his detention and a massive tax bill.…
Swift unstoppable at American Music Awards
Taylor Swift and Adele tied with three wins at the American Music Awards, but the event belonged to the country superstar after she beat the soulful crooner, as well as…
Scenes from the Romanian revolution
By Myriam Ghattas "My name is Rodica Marcau. I am from the Timisoara Co-op store. I defended the store on Sunday. The Securitate shot at us on our way home. Some…
Spillover of global economic turmoil further stress on Egypt, says economist
CAIRO: The European sovereign and banking crises as well as the American fiscal stalemate will most acutely impact Egypt, given the implications on global growth, Citigroup chief economist Willem Buiter…
OCI Q3 net up 24 pct, matching consensus
CAIRO: Egypt's Orascom Construction (OCI) said on Monday its net income for the third quarter of 2011 rose 24 percent, in line with expectations, and that business was expanding in…
EIPICO says 9-month net profit up 0.5 pct
CAIRO: Egyptian drug maker EIPICO's 2011 nine month net profit rose 0.5 percent year-on-year, the company said in a statement released by the stock exchange on Monday. Net profit climbed…
Olympic says 9-month net loss LE 248.7 mln
CAIRO: Egypt's Olympic Group said on Monday it had a net loss of LE 248.7 million in the first nine months in 2011. This compares to a net profit of…
Actis closes $434 mln deal in South Africa, eyes Egypt
CAIRO: Actis, a pan-emerging markets private equity fund, led a consortium in the $434 million complete management buy-out of Tracker, South Africa’s largest vehicle tracking company, according to a statement.…
UAE’s Al Futtaim eyes $1.3 bln for Qatar, Egypt plans
DUBAI: Al Futtaim Group, a UAE-based conglomerate, is planning to raise around $1.3 billion to finance its expansion in Qatar and Egypt, an executive at the company said. The company…