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…
US sees formal charges against activists in Egypt
WASHINGTON: The United States said Wednesday it has obtained a document outlining the formal charges against US citizens working for pro-democracy groups in Egypt. "We now have a formal charging…
PM says SCAF to remain in power until June 30, slams calls for civil disobedience
CAIRO: The military council is adamant on staying in power until June 30, Prime Minister Kamal El-Ganzoury said Wednesday, as he slammed calls for civil disobedience. Under increasing pressure to…
Judge says NGOs were lawfully inspected, not ‘raided’
CAIRO: Judge Sameh Abou Zeid, investigating the alleged illegal foreign funding of local and foreign non-governmental organizations (NGOs), said Wednesday that inspecting their offices was legal according to the criminal…
Police thwarts attempted armed robbery on Sharm El-Sheikh bank
SHARM EL-SHEIKH: A low-ranking police officer was injured Wednesday as South Sinai security forces thwarted an attempted armed robbery on Credit Agricole Bank in Sharm El-Sheikh. Gunshots alarmed guests at…